Corboracorbora.fun
index protocol · robinhood chain

The whole market
in one basket.

Corbora loads the on-chain market — tokenized stocks, ETFs, any recipe you can write — into a single ERC-20. Every index is backed one-to-one, priced from live on-chain feeds, and can be unpacked at any time. No gatekeeper, no permission slip.

fig. 01 — every cell a component, the crate a single balance
value locked
$0
indexes live
6
index holders
0
assets listed
10
01

The indexes

presets — 1:1 backed by their components, priced from on-chain feeds

02

The market

every component is a tokenized stock or ETF with its own on-chain feed

TSLA
AMZN
NFLX
AAPL
NVDA
MSFT
GOOGL
META
SGOV
SPY
03

How it works

three moves — load, hold, unpack — all on-chain

01

Load

Pick a preset index — the Magnificent Seven, an AI six, a T-bill mix — or weave any recipe from the on-chain market. One mint loads every component into a single ERC-20.

02

Hold

From then on the whole index lives in one balance: 1:1 backed, freely transferable, usable as collateral. The recipe is the token — nothing tracked off-chain.

03

Unpack

Redeem whenever you like. Unpacking never reads an oracle, never asks permission and cannot be paused — the components always come back to your wallet.

two ways to keep an index
fixed

Sealed at birth

recipesealed at creation — no key can alter it
pricingon-chain feeds, read at mint only
unpackoracle-free, permissionless
backing1:1 — mint rounds up, unpack rounds down
rotating

Restocked on schedule

rotationthe curator's agent swaps components
cooldown7 days between rotations
drift≤ 0.5% NAV per rotation, checked on-chain
excessgains paid out in USDG — claim anytime
04

The terms

no prose — every number is enforced by a contract

mint fee
0.5%
on every mint
curator share
60%
compiled into the splitter
treasury share
40%
the rest, same splitter
rotation cooldown
7 days
rotating indexes only
NAV drift bound
≤ 0.5%
per rotation, on-chain
fixed license
10,000 CBRA
burned once, forever
rotating license
25,000 CBRA
burned once, forever
deposit ceiling
$10M
staged $100k → $10M
credit

Collateral that keeps working.

Index tokens and tokenized stocks don't have to sit idle — put them up and borrow USDG against them, or supply USDG and earn the full borrow rate.

Open credit
max LTV
60%
liquidation threshold
85%
liquidation bonus
5%
05

Weave

burn $CBRA once — earn 60% of every mint fee on your index, forever

fixed licenseburn 10,000 CBRA
  • one-time burn, permanent license
  • recipe locked at creation — not even you can change it
  • 60% of every mint fee on your index, forever
Open the weaver
rotating licenseburn 25,000 CBRA
  • one-time burn, permanent license
  • your agent rotates components after a 7-day cooldown
  • drift hard-bounded at 0.5% NAV — excess gains pay out in USDG
Open the weaver
06

Questions

the six things people ask first

Q1

What backs each index?

The underlying components, one to one. Mint rounds up and unpack rounds down, so rounding can never leave an index under-collateralized. Prices come from the same on-chain feeds the contracts read.

Q2

Can anyone change a recipe?

Fixed indexes: no one — the recipe is compiled in at creation, with no key that can alter it. Rotating indexes: only the curator's agent, only after a 7-day cooldown, and only inside a hard 0.5% NAV-drift bound enforced on-chain.

Q3

How do I get out?

Unpack. Redemption never reads an oracle, never asks permission and cannot be paused — the components come straight back to your wallet. Rotating indexes also accrue excess gains in USDG, claimable anytime.

Q4

What do curators earn?

60% of every mint fee on their index, hardcoded at 6000 bps in the fee splitter. Not configurable, not revocable. The other 40% goes to the treasury.

Q5

What is $CBRA?

The license token. Burning 10,000 CBRA mints a fixed index license, 25,000 CBRA a rotating one. Burns only — license supply can only ever fall.

Q6

Why Robinhood Chain?

Tokenized stocks and ETFs live there with on-chain price feeds, so an index can hold real components and price them on-chain from end to end. This deployment is on the testnet.

corbora — the market basket

Many holdings.
One basket.