Glossary

The words used across Sheaf.

USDG

The payment dollar on Robinhood Chain. A standard ERC-20. Payers pay in USDG, and the USDG part of a split is delivered as USDG.

Stock Token

A tokenized debt security issued by Robinhood Assets (Jersey) Limited that tracks a stock or ETF, for example NVDA or SPY. A standard ERC-20 on Robinhood Chain.

Split

The receiver's rule for each payment: what percentage stays in USDG and what percentage becomes Stock Tokens.

Queue

Where the shares part waits, in USDG, when it cannot be swapped right away. Withdrawable at any time.

Band

The maximum allowed difference between the Uniswap price and the Chainlink price, for example 1%. Outside the band, the swap waits.

Batch

One swap at the market open for everything in the queue, at the same price for everyone.