EARN launches MAKER, a self-custodial RWA market-making platform on Robinhood Chain, enabling custom Uniswap v4 strategies for tokenized stocks with current yields ranging from 94–349% APR.
DeFi & Yields ·
EARN has launched MAKER, a self-custodial platform for market-making on Robinhood Chain that enables users to create custom Uniswap v4 strategies for tokenized stocks. The protocol's existing Yield Vaults—which automatically market-make and capture trading fees without relying on token incentives—currently display APRs ranging from approximately 94% on NVDA/USDG positions to 349% on SPCX/USDG pairs, with GME/USDG and SPY/USDG positions yielding around 241% and 245% respectively.
MAKER shifts the model from passive vault deposits to active strategy creation, allowing participants to set custom price ranges, manage their own positions, and benchmark performance across tokenized stocks including NVDA, GME, SPY, and SPCX. The platform also integrates lending markets built on Morpho, permitting users to post tokenized stocks as collateral for USDG borrowing. This approach mirrors traditional finance market-making yield, which EARN is bringing onchain for real-world assets on Robinhood Chain.
The $EARN token receives direct economic incentive: the protocol captures a portion of fees generated by strategies and uses that to buy back and distribute the token to stakers. Whether sustained growth in RWA trading volume on Robinhood Chain will materialize—and whether EARN's fee capture model will prove sufficiently robust—remains to be demonstrated.