Sixpence, a tokenized stock lending protocol, launches points campaign on Robinhood Chain with 10,000 USDG rewards and backing from a16z CSX.
DeFi & Yields ·
Sixpence, an onchain money market built around tokenized U.S. stocks, is launching a points incentive program on Robinhood Chain. The campaign runs from October 26 through November 23 (UTC), distributing 10,000 USDG in total rewards across two equal phases. The protocol enables users to secure stablecoin loans using tokenized equities such as AAPL, TSLA, and NVDA as collateral, or to lock stock tokens in a Vault mechanism for yield generation.
The project previously completed a seed round of $5 million, backed by investors including a16z CSX. This campaign represents an expansion into the Robinhood Chain ecosystem as Sixpence builds its user base around the tokenized stock lending model.
What remains unclear is the specific mechanics of point allocation—whether rewards scale by borrowing or deposit volume, or how points convert to USDG tokens. The long-term roadmap beyond this campaign window and the protocol's performance metrics on Robinhood Chain are also not detailed.