Documentation
How Rind works, where it stops working, and what it costs. Start with the introduction, or jump to the part you need.
Start with the introductionOverview
- IntroductionRind is a non-custodial trailing-stop vault for Stock Tokens on Robinhood Chain.
- The problemStock Tokens trade around the clock, but holders do not, and fixed limit orders do not follow the price up.
- How it worksThe Rind vault, the high-water mark, drop tiers, the keeper trigger and settlement to USDG, with a worked example.
Mechanics
- Trailing-stop mechanicsThe formal ratchet rule, trigger condition, partial exits and re-arming rules for a Rind position.
- Price references and market hoursHow Rind uses Chainlink feeds, the 60-second freshness rule, and what market open means for US equities.
- Night modeAn opt-in mode that keeps a stop armed while the US market is closed, using a 30-minute TWAP and a wider drop.
- Halts, pauses and freezesWhat Rind does during exchange halts, issuer pauses of a Stock Token, and chain outages.
- Execution and slippageHow a fired stop is executed, the slippage cap, partial fills and deferral windows.