Robinhood Chain & USDG
One Unit of Account
Every deposit, regardless of entry asset, is normalized to USDG before any auction arithmetic runs.
- USDG deposits are credited directly.
- ETH and Stock Token deposits are routed through a controlled swap into USDG at deposit time. The credited amount is the USDG actually received, never a quoted or expected amount.
Everything downstream — the funding target, the per-address cap, the fill ratio, and any refund — is computed in that one unit.
This is what removes denomination risk from the mechanism. V_target and A_max are USDG quantities, so they are invariant to any price movement in ETH, in the Stock Token, or in the project token during or after the window. A participant who deposits at the start of the window and one who deposits at the end are measured on the same scale, even if the market moved between them.
Why this matters more than it sounds
In a launch denominated in a volatile asset, two identical deposits made twenty minutes apart can be worth materially different amounts at settlement. That difference is pure ordering advantage in disguise — exactly the thing a batch auction exists to remove. Normalizing at deposit closes it.
Robinhood Chain
Jump is built on Robinhood Chain, where tokenized equities exist as first-class on-chain assets. That is the precondition for the protocol's distinguishing feature: liquidity paired against a real RWA stock token rather than a gas token.
On a general-purpose chain, a launch's LP is paired against the chain's native asset, so every position inherits that asset's volatility for reasons unrelated to the project. On Jump, the creator picks what their token is priced against — including, for a memecoin about a company, the tokenized equity of that company.
- Graduation & the Canonical LP — What the pool is made of, and why the pairing decision has the longest tail.