01
Overview
Wink is downside protection for Stock Tokens on Robinhood Chain. You choose an asset and a floor below the current price, and pay a fixed premium once, in $USDG. If the asset closes below your floor at expiry, you are paid in USDG. If it does not, nothing happens and the premium is spent.
There is no deposit of the shares, no margin and no liquidation. Your Stock Tokens stay in your wallet for the whole life of the policy; the only thing you ever send is the premium.
02
Status
Wink’s contracts are not yet deployed and are unaudited. $WINK is not yet live. No contract address has been published for either.
Until addresses are listed on this page, there is nothing to buy, stake, mint or claim. The site offers a client-side simulation only, described below.
03
Concepts
- Stock Token
- A tokenized stock on Robinhood Chain, issued by a third party. Wink does not issue or make markets in them.
- Spot
- The asset's reference price when the policy is purchased. Floors are expressed relative to it.
- Floor
- The price level you protect, set 5%, 10% or 15% below spot.
- Notional
- The USDG value you choose to protect. Premium and payout both scale with it.
- Premium
- The fixed, one-off price of a policy, paid in USDG at purchase.
- Policy
- One purchase: one asset, one floor, one duration, one notional.
- Expiry
- The trading day on which the policy settles, 7, 14 or 30 days out.
- Underwriter
- Anyone supplying USDG to the pool that backs payouts, in exchange for premiums.
04
Buying protection
- Pick a Stock Token — $NVDA, $AAPL, $TSLA — and a floor, 5% to 15% below spot.
- Pick a duration: 7, 14 or 30 days. The expiry always lands on a trading day.
- Pay the premium once, in $USDG. It is quoted for your exact asset, floor and duration at purchase and does not change afterwards. No deposit of the shares. No margin.
- At expiry, Chainlink’s official close settles it. Below your floor, you’re paid in USDG. Above it, nothing happens.
Policies cannot be closed early in this version. Durations are fixed and short by design.
05
Parameters
| Item | Value |
|---|---|
| Floor levels | −5% / −10% / −15%below spot |
| Durations | 7 / 14 / 30 daysalways aligned to a trading day |
| Premium | fixed in USDGquoted per asset/floor/duration at purchase |
| Max payout per policy | 30%of notional |
| Max notional issued vs USDG in pool | 5x |
| Settlement price | Chainlink official closeat expiry only |
| Protocol fee | 10%of premiums, once $WINK is active |
06
Settlement and payout
One price decides the outcome: Chainlink’s official close on the expiry day. Prices during the life of the policy are irrelevant — a dip below the floor that recovers before expiry pays nothing, and there is no liquidation along the way.
Below the floor, the payout covers the shortfall between the floor and the close, in proportion to your notional, up to the per-policy cap:
shortfall = (floor − close) / spot
payout = notional × min(max(shortfall, 0), 30%)
Example: 1,000 USDG of notional on $NVDA with a −10% floor.
| Item | Value |
|---|---|
| Close −4% (above floor) | 0.00 USDGnothing happens |
| Close −10% (at floor) | 0.00 USDGfloor not crossed |
| Close −20% | 100.00 USDG10% of notional |
| Close −40% | 300.00 USDG30% of notional |
| Close −55% | 300.00 USDGcapped at 30% |
Your result net of cost is the payout minus the premium. If the floor is never crossed you lose the premium, like an insurance policy that wasn’t claimed.
07
Underwriting pool
Underwriters supply the USDG pool and earn the premiums when floors aren’t crossed. When a floor is crossed, the payout comes out of that pool.
Two limits bound what the pool can owe. Each policy pays at most 30% of its notional, and the total notional issued can never exceed 5x the USDG in the pool. New policies cannot be written once that ratio is reached.
Staked $WINK, once live, sits in front of underwriters as complementary first-loss capital. If the pool were ever insufficient, payouts are made pro-rata rather than defaulting.
Underwriting is not risk-free. Capital supplied to the pool can be lost in full.
08
Edge cases
- Frozen price feed at expiry
- Settlement rolls to the next available official close. No fee is charged for the rollover.
- Halt at expiry
- Same rollover: the policy settles on the next available official close.
- Weekend
- Cannot occur. No expiry is ever set on a non-trading day.
- Abnormal print
- A short contest window opens before settlement becomes final.
- Empty pool
- Structurally prevented by the 5x notional cap; otherwise payouts are made pro-rata instead of defaulting.
09
$WINK
Not yet live — $WINK is coming soon.
$WINK is the protocol’s token once live. Staking $WINK will lower the premium fee. Staked $WINK also acts as complementary first-loss capital in the pool, earning a higher yield for the risk taken.
A 10% protocol fee is taken on premiums, split 50% buy&burn / 50% treasury once active.
There is no contract address, and no mint or claim. $WINK is used for protocol functions (staking, fee discounts, first-loss capital) and is not offered as a financial instrument.
10
Wallets and network
| Item | Value |
|---|---|
| Network | Robinhood Chain |
| Chain ID | 4663 |
| Premium and payout asset | USDG |
| Wink contracts | not deployedno address published |
Three ways to connect from the site:
- Robinhood WalletThe featured option. Used directly inside the wallet's own browser, or paired from the mobile app by QR code.
- Browser walletMetaMask, Rabby and other injected extensions.
- WalletConnectAny compatible mobile wallet, paired by QR code.
Connecting only reads your account address. While contracts are not deployed, Wink never requests a transaction or a signature — if a page claiming to be Wink asks for one, it is not Wink.
References to Robinhood Chain and Robinhood Wallet describe the deployment network and a supported wallet only, not a partnership.
11
Simulation panel
After connecting, the site unlocks a panel labelled “Simulation — contracts not yet deployed.” You pick an asset, a floor, a duration and a notional, and it shows a mocked premium, the maximum payout, the expiry date, and the payout for any closing price you choose.
Everything in it is computed in your browser. Spot prices and volatilities are fixed constants, not market data, and the premium is a simple model price, not a quote. Expiry dates skip weekends but do not account for exchange holidays. Use it to get a feel for the mechanic, not for numbers.
12
Risks
- PremiumIf your floor is not crossed at expiry, the premium is spent in full.
- Expiry-only settlementOnly the official close at expiry counts. Protection does not trigger on intraday or mid-term drops.
- Payout capLosses beyond 30% of notional below the floor are not covered.
- Smart contractsWink is experimental software. Contracts are unaudited until stated otherwise.
- OracleSettlement depends on Chainlink's official close being available and correct; see the edge cases above.
- PoolIn an extreme scenario payouts may be pro-rata rather than full.
- UnderlyingStock Tokens are issued by third parties; Wink is neither their issuer nor market maker.
- JurisdictionAccess may be restricted depending on where you are. You are responsible for your own compliance.