Marker0x1ecd5e…3e8227
OWED → WBTC
$12.41
$1,90965 bps
[01]The settlement desk
You trade.We oweyouin USDG or compute
Marker0x55b3eb…84a6f6
AAVE → ARB
$65.16
$10,02565 bps
Marker0x672c4c…552680
UNI → LINK
$12.83
$1,97465 bps
Marker0x50b344…7206b8
AAVE → WBTC
$13.32
$2,04965 bps
Marker0x2c31c3…44b890
LINK → OWED
$40.21
$6,18665 bps
Marker0x9a0721…b4fc1a
UNI → LINK
$342.01
$52,61865 bps
Marker0x17ca3c…70e345
AAVE → USDC
$6.35
$97765 bps
()
Trade on any venue
The desk books a marker
Take USDG or take compute
65 bps · $200 floor · $5,000.00 daily
getowed.fun
[02]The tapeStreaming
USDC/USDG$1,504+$9.77OWED/USDC$1,128+$7.33LINK/ARB$1,465+$9.52USDC/AAVE$7,692+$50.00ARB/UNI$1,087+$7.07WBTC/USDG$1,953no markerLINK/ARB$5,565+$36.17OWED/ARB$432no markerLINK/USDC$8,630+$56.10LINK/USDG$560+$3.64ARB/USDC$512+$3.33ARB/ETH$2,105+$13.68ARB/USDG$1,206+$7.84AAVE/WBTC$107no markerLINK/UNI$161no markerUSDC/LINK$393+$2.55WBTC/OWED$1,612no markerUSDC/ETH$4,326+$28.12AAVE/PAXG$10,691+$69.49ETH/AAVE$1,989+$12.93ETH/WBTC$1,496+$9.72USDC/PAXG$4,921no markerUSDC/WBTC$1,503+$9.77USDC/USDG$381+$2.48USDC/PAXG$1,568+$10.19PAXG/ETH$1,639+$10.66USDC/ARB$852+$5.54AAVE/ETH$1,490no markerOWED/USDC$6,762+$43.95WBTC/PAXG$562+$3.66USDC/USDG$1,504+$9.77OWED/USDC$1,128+$7.33LINK/ARB$1,465+$9.52USDC/AAVE$7,692+$50.00ARB/UNI$1,087+$7.07WBTC/USDG$1,953no markerLINK/ARB$5,565+$36.17OWED/ARB$432no markerLINK/USDC$8,630+$56.10LINK/USDG$560+$3.64ARB/USDC$512+$3.33ARB/ETH$2,105+$13.68ARB/USDG$1,206+$7.84AAVE/WBTC$107no markerLINK/UNI$161no markerUSDC/LINK$393+$2.55WBTC/OWED$1,612no markerUSDC/ETH$4,326+$28.12AAVE/PAXG$10,691+$69.49ETH/AAVE$1,989+$12.93ETH/WBTC$1,496+$9.72USDC/PAXG$4,921no markerUSDC/WBTC$1,503+$9.77USDC/USDG$381+$2.48USDC/PAXG$1,568+$10.19PAXG/ETH$1,639+$10.66USDC/ARB$852+$5.54AAVE/ETH$1,490no markerOWED/USDC$6,762+$43.95WBTC/PAXG$562+$3.66
USDCUSDGUSDC/USDG
11s agoNotional
$1,503.63
Marker
$9.77
Booked · 65 bps
OWEDUSDCOWED/USDC
18s agoNotional
$1,127.80
Marker
$7.33
Booked · 65 bps
LINKARBLINK/ARB
1m agoNotional
$1,464.68
Marker
$9.52
Booked · 65 bps
USDCAAVEUSDC/AAVE
2m agoNotional
$7,692.19
Marker
$50.00
Booked · 65 bps
ARBUNIARB/UNI
2m agoNotional
$1,087.36
Marker
$7.07
Booked · 65 bps
WBTCUSDGWBTC/USDG
3m agoNotional
$1,953.22
Marker
—
Below $200 floor
Aggregates and sizes only. The desk publishes the rate it paid, never the wallet that earned it.
[03]Live math
The rule is published, not negotiated. Move the notional and watch the marker the desk would write against itself — same arithmetic the book runs on a real fill.
Read the ratebefore you trade
Trade volume
$231.5M
Markers booked
556.4K
Owed posted
$1.41M
Active wallets
41.0K
Live mathPublished
65 BPS$
Marker written
$6.50
Settles as
USDGUSDGorcompute
$1,000 × 65 bps = $6.50. Notional is the USD value of the fill, not the token amount.
[04]How it settles
A qualifying fill is priced once. You choose the rail after the marker exists, not before. Six steps, one book, no second balance.
Wallet in.Marker out.
01
Connect the wallet
Sign SIWE. There is no email account and no password to reset. The address that signs is the account.
02
Trade live, or bring history
Route a fill through the desk, or scan the same wallet for the last 90 days. Both paths hit one rule engine.
03
Clear the $200 floor
Once confirmed trade volume on the wallet passes $200, the rate is listed. Every later fill at or above $200 can book.
04
Book at 65 bps
Qualifying notional × 0.65% writes a marker. Tightening the rule later never rewrites a booked marker.
05
Settle onto a rail
A marker moves 1:1 onto USDG or compute. Nothing is converted twice and nothing takes a second cut.
06
One hash, one marker
Each (tx, chain) pair is booked at most once. Re-scan it, re-import it, claim it twice — it pays once.
Worked example
Notional is the USD value of the fill, not the token amount.
| ETH / USDG | $1,842.60 | Qualifies | $11.98 |
| WBTC / USDG | $9,640.00 | Qualifies | $62.66 |
| ARB / ETH | $764.18 | Qualifies | $4.97 |
| A $40 send | $40.00 | Not a fill | — |
| A $180 fill | $180.00 | Counts toward the floor | — |
The arithmetic
$1,842.60 notional
× 65 bps
= $11.98
Below $200 the fill still executes on-chain. The book stores it as below_floor and no marker posts. Nothing is invented later to make up for it.
[05]Settlement rails
A marker is one liability with two exits. Convert moves it 1:1 — the desk does not take a second cut on the way out.
Two rails.One liability.
USDGOn-chain
USDG
Global Dollar · Paxos
Real dollars, same wallet.
Settling to USDG queues a vault claim on Robinhood Chain. The destination is the address that signed in. There is no field for another one.
- Destination
- Session address
- Per claim
- $25 max
- Cooldown
- 15 min
- Minimum
- $1.00
A raw USDG transfer is not a claim. The vault stores the marker id, so a claim is auditable against the book at 0x5fc5360D…
Read the USDG railCompute
10 vendors · official contracts
A metered key, not a coupon.
Settling to compute mints an owed_ key against the vendor you lock. Point the official SDK at this origin. Usage burns the remaining cents and stops at the cap.
- Key format
- owed_… · shown once
- Spend cap
- Equals settled amount
- Compatible
- OpenAI, Anthropic, Google
- Minimum
- $1.00
AnthropicOpenAIGoogleDeepSeekxAIMistralMetaCoherePerplexityMoonshot
Read the compute railOwed balance, USDG, and compute are the same liability on three lines of one book. Converting moves value across lines. It never mints a second balance.
[06]The Loop
Epoch 34 settling
A share of net protocol fees from every fill routed through OWED is distributed pro rata to eligible $OWED holders. Every 24h at 00:00 UTC.
Trading feesflow to holders.
01
Volume routes through the desk
Every fill quoted on the OWED router settles against one rule engine on Robinhood Chain.
02
Net fees pool
Protocol fees net of the marker book collect in the fee distributor. The address is public.
03
Snapshot, then pay
40% of the pool goes pro rata to $OWED held at the snapshot. Weekly, Mondays 00:00 UTC.
04
Holders route more volume
Traders keep the marker, holders keep the fee share. Both point the same direction.
The loop
More volume through OWED
Larger net fee pool
More value to $OWED
Fee pool
$1.00M
Distributed
$832.4K
Holders
22.3K
Recent epochs
Weekly, Mondays 00:00 UTC| #34 | $26,895.08 | 22.3K holders | $0.0868/1K |
| #33 | $26,377.06 | 21.2K holders | $0.0851/1K |
| #32 | $20,203.69 | 20.2K holders | $0.0652/1K |
| #31 | $24,295.34 | 19.1K holders | $0.0784/1K |
| #30 | $17,726.07 | 18.0K holders | $0.0572/1K |
Fee share to holders
40%
Of net protocol fees, every epoch.
Snapshot
Daily 00:00 UTC
Holdings at the snapshot set your slice.
Total supply
1B
Fixed. No mint function after deploy.
[07]The terminal
After the wallet signs, the desk is six screens. Balances live on the address. There is no profile page, because there is no profile.
Six screens.One book.
[08]Published numbers
Floor, rate, and daily room are the live rule. Operators can tighten them and the change is published. They cannot invent a second balance to hide behind.
The desk does nothide the rate.
Published floor
$200
Confirmed trade volume a wallet must clear before the rate is listed. A fill below this can still settle on-chain. It writes no marker on its own.
Conversion
65 bps
0.65% of qualifying notional. Tightening this later never rewrites a marker that already posted.
Daily room
$5,000
Markers booked inside one UTC day stop here. Excess volume stays visible on the book, unpaid. Unused room does not roll forward.
Minimum settle
$1.00
USDG and compute both start at one dollar. A key's spend cap equals the amount you settle onto it.
USDG per claim
$25
Each vault claim is capped. A 15-minute cooldown applies per wallet. Split a larger balance across claims.
Wash window
60 min
A → B → A on the same wallet inside this window can hold a marker for review. Release posts it. Reject does not pay.
[09]The chain
Live from chain 4663
OWED settles on Robinhood Chain and nowhere else. It is an Arbitrum Orbit L2 with Ethereum blob data availability, ~100ms soft confirmations, and no public mempool to front-run your fill.
Built onRobinhood Chain.
Block height
58,471,893
Gas
0.192 gwei
USDG on chain
$699.7M
ETH
$2,489.63
Chain TVL
$902.1M
Stablecoin float
$1.0B
EVM equivalentFoundry · viem · wagmiUSDG native
Sequencing is first come, first served. There is no public mempool, so a fill routed through the desk is not sitting in the open waiting to be sandwiched. Settlement inherits Ethereum through the Orbit rollup.
Open the explorerChain id
4663
Stack
Arbitrum Orbit (Nitro)
Block time
~100ms
Gas token
ETH
Data availability
Ethereum blobs (EIP-4844)
Mainnet since
July 1, 2026
Endpoints
RPC
https://rpc.mainnet.chain.robinhood.comSequencer feed
wss://feed.mainnet.chain.robinhood.comExplorer
https://robinhoodchain.blockscout.comUSDG contract
0x5fc5360D0400a0Fd4f2af552ADD042D716F1d168[10]Compute API
Settling locks a vendor. The key you get is that vendor's real contract — requests hit the live model and burn the remaining cents. Upstream credentials never leave the server.
Official APIs.Desk-metered keys.
Anthropic
api.anthropic.comPOST /v1/messagesx-api-key: owed_…Anthropic contract
OpenAI
api.openai.com/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
Google
generativelanguage.googleapis.comPOST /v1beta/models/{model}:generateContentx-goog-api-key: owed_…Google contract
DeepSeek
api.deepseek.com/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
xAI
api.x.ai/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
Mistral
api.mistral.ai/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
Meta
llama.developer.meta.com/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
Cohere
api.cohere.com/compatibility/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
Perplexity
api.perplexity.aiPOST /chat/completionsAuthorization: owed_…OpenAI-compatible
Moonshot
api.moonshot.cn/v1POST /v1/chat/completionsAuthorization: owed_…OpenAI-compatible
OpenAI SDKts
import OpenAI from "openai";
const client = new OpenAI({
apiKey: "owed_…",
baseURL: "https://getowed.fun/v1",
});
await client.chat.completions.create({
model: "gpt-5.2-mini",
messages: [{ role: "user", content: "Hello" }],
});Anthropic SDKts
import Anthropic from "@anthropic-ai/sdk";
const client = new Anthropic({
apiKey: "owed_…",
baseURL: "https://getowed.fun",
});
await client.messages.create({
model: "claude-sonnet-4-6",
max_tokens: 256,
messages: [{ role: "user", content: "Hello" }],
});401 means the key is missing, revoked, or unknown. 402 means the cap is spent. 503 means that vendor’s upstream is unset. The desk cap binds even when the gateway is healthy.
[11]House rules
These are product constraints, not marketing copy. If a fill fails a rule, the trade still exists. The marker does not.
What the deskwill never do.
01
No email account
The address that signs SIWE is the account. There is no password, no recovery inbox, and no support flow that can move your balance to a different wallet.
02
Same wallet only
A USDG claim pays the session address on Robinhood Chain. The redeem form has no field for another destination, because the vault will not accept one.
03
One hash, once
A (tx, chain) pair books at most one marker. Re-import it, re-scan it, retry a failed claim — the registry already has the id and will not write a second row.
04
No fill below $200
The trade settles. The marker does not. Small volume still counts toward clearing the floor, but it never pays on its own and it is never backfilled.
05
No second balance
Owed, USDG, and compute are three lines of one book. Converting moves value between lines at 1:1. Nothing is created in the move.
06
Key shown once
The plaintext owed_ key is never stored — only a prefix and a hash. Close the page without copying it and you mint a new one from what is left.
07
Wash trades can hold
A round trip on the same wallet inside 60 minutes still executes on-chain. The marker can be held for review. Release posts it, reject does not pay.
08
Paper fills stay local
Practice rows exist only behind a development switch, and that switch is rejected in production. A simulated fill is never a marker.
[12]Questions
Short answers. The book does not invent a second story after you sign.
Goodto know.
01Who can use the desk?
Any EVM wallet that can sign a SIWE message and reach Robinhood Chain. There is no allowlist, no KYC gate on the marker book, and no waiting list. USDG settlement pays the signed-in address, so a wallet you do not control is a wallet you cannot settle to.
02When does a trade actually pay?
Once the connected wallet has cleared $200 of confirmed trade volume, every later fill at or above $200 books a marker at 65 bps, until the $5,000 daily room is used. Sends, receives, and approvals are not fills and never count.
03Can I claim a trade I made last month?
Yes. Open Markers, scan the wallet, and the desk pulls roughly 90 days of history. You can also paste a single transaction hash the desk can verify. A single imported fill still has to be $200 or more to book on its own.
04What do I actually receive?
USDG on Robinhood Chain to the address that signed in, or an owed_ key metered to the vendor and model you locked. Both come out of the same marker at 1:1. Nothing is paid in a token you did not ask for.
05Can I send USDG to a different address?
No. The vault only accepts the session address as the destination. This is the constraint that makes a stolen session useless without the private key that signs the claim.
06Why did a fill not book?
Almost always one of four reasons: it was under the $200 floor, the wallet was out of daily room, the hash was already on the book, or a round trip inside 60 minutes put it on hold for review. The row stays visible on Markers either way, with the reason attached.
07How does the $OWED fee share work?
40% of net protocol fees from fills routed through the desk is pooled and distributed pro rata to $OWED held at the snapshot. Every 24h at 00:00 UTC, paid weekly, mondays 00:00 utc. Holding is not required to earn a marker — it is a separate reason to route volume here.
08Is a marker a deposit or a security?
Neither. A marker is a rewards liability of the desk, denominated in dollars, settleable on two rails. It earns nothing, it is not lent out, and it is not a claim on the treasury beyond the published amount.
[13]Account
One wallet.Two rails.Same address.
Connect once. Markers, USDG, and compute all sit on the address that signed. Look around the desk first if you want — the book only opens after the signature.
MetaMaskRainbowCoinbase WalletRobinhood WalletWalletConnect
- Sign-in
- SIWE. No email, no recovery inbox.
- Network
- Robinhood Chain · chain 4663
- Rate
- 65 bps on qualifying notional
- Floor
- $200 of confirmed volume
- Daily room
- $5,000 of markers per UTC day
- Settlement
- USDG or metered compute, both from $1
Markers are a rewards liability, not a deposit