ChainCatcher report: Sixpence, an on-chain money market for tokenized U.S. stocks, will launch a points campaign on Robinhood Chain from October 26, 00:00 to November 23, 00:00 (UTC), with a total prize pool of 10,000 USDG, distributed in two installments of 5,000 USDG each. Sixpence allows users to borrow stablecoins by collateralizing tokenized U.S. stocks such as AAPL, TSLA, and NVDA, or deposit stock tokens into a Vault to earn interest. The project has completed a $5 million seed round led by investors including a16z CSX.
Sixpence Launches Points Campaign on Robinhood Chain with a 10,000 USDG Prize Pool
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Summary
Sixpence, a tokenized U.S. stock platform, has launched a points campaign on Robinhood Chain from October 26, 00:00 to November 23, 00:00 (UTC). The on-chain announcement highlights a 10,000 USDG prize pool, divided into two phases of 5,000 USDG each. Users can stake tokenized stocks such as AAPL, TSLA, and NVDA to borrow stablecoins or earn interest through the Vault. Sixpence has raised a $5 million seed round led by a16z CSX. The campaign provides exposure to interest rate developments through yield-generating activities.
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