Prime Brokerage Thesis
In traditional finance, an exchange only handles order execution. The institutions that capture lasting client value and high margins are Prime Brokers (Goldman Sachs, Morgan Stanley Prime) paired with Asset Managers (BlackRock) and Private Banks.
A prime broker coordinates securities lending, margin financing, continuous clearing, and cash yield. Rivet is that entire institutional stack deployed trustlessly on Robinhood Chain, providing 24/7 continuous clearing for 194 tokenized US equities with sub-cent gas fees.
The 4 Functional Pillars
Continuous 24/7 spot swaps on 194 tokenized equities powered by Uniswap v4 dynamic session hooks and verified 24/7 Chainlink oracle price pegs.
Borrow liquid USDG at up to 65% LTV against stock collateral without triggering capital gains taxes, plus 1-click 3.0x spot margin looping with zero perp funding bleed.
Overnight Session Vaults underwriting off-market liquidity (~21.8% real APR) and permissionless tokenized ETF creation with 1.00% annual streaming creator fees.
Parimutuel binary duels, macro-neutral pairs trading, fantasy drafting leagues, and delegated ERC-7579 copy-trading smart accounts.
System Invariants & Telemetry
| Parameter | Specification | Design Rationale |
|---|---|---|
| Catalog Size | 194 Equities | Full S&P mega-caps, high-beta tech, and liquid market ETFs. |
| Gas Finality | < $0.01 / TX | Sub-second execution enabled by Robinhood Chain Layer-2 architecture. |
| Revenue Accrual | 50% in USDG Cash | Zero inflationary dilution; stakers receive actual stablecoin cash flows. |
| Clearing Hooks | Uniswap v4 | Dynamic pool fee adjustment pegged to NYSE session calendar. |