Documents
One page per thing that can lose you money. Each is written against the contract it describes.
Hedgehood runs on Robinhood Chain (chain 4663), where Robinhood's tokenized US equities trade against USDG. Two protocols are live here, and both exist because a Chainlink equity feed is 24/5 while the token that tracks it is not.
| Lending markets | our own two-price markets, not Morpho |
| Keeper role | none in StockLend: liquidation and buy-in are open to anyone |
| Owner | a Safe — parameters only, inside bounds the contract enforces |
| Network | Robinhood Chain, 4663 |
01 — StockLend · Two-price stock lending
Our own lending protocol. Debt is valued at whichever is higher — the Chainlink feed, or what buying the stock back out of the pool would actually cost — clamped at a band over the feed. Public, permissionless, and with no keeper role at all.
- Why an oracle-priced lending market is drained across a frozen weekend, with the MSTR event that showed it
- What a borrower pays and when the loan matures; what a lender earns and exactly where the protection stops
- Why a pushed pool cannot liquidate a collateralised loan, and the three attacks that were run against it
02 — The token · How $HEDGE works
A 3.33% tax on every trade: 40% is paid to holders in stock twice a day, 60% becomes treasury stock that lends on weekends and writes covered calls on weekdays, and what it earns is paid out the same way. The treasury is long the stock and says so.
- Where the tax comes from and the four hops it takes to a holder's wallet, each one a contract rather than a person
- What the treasury's stock does on weekdays and on weekends, and why one share is never in two places
- Every payout is what a counterparty paid: no trades, no calls, no loans means zero, and the page shows zero
03 — Dormant · The hedged market-making line
A concentrated position in a stock/USDG pool, shorted on a perp for exactly what it holds. The September 2026 lines were closed and no line is open today; the identity that sized the hedge, its liquidation distance and its key-leak bound are kept in the paper. It reopens when the treasury has inventory it wants hedged rather than worked.
:::warning Read this part
This is an operator-controlled pilot running real money, not a product with users. Nothing in these documents is investment advice, and none of them promises a return. Where a claim is arithmetic the page says so; where it is one weekend of measurement, it says that instead.
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Live numbers are in the app, not here
These pages describe mechanisms and state the parameters the contracts enforce on themselves. Every value an owner can change — margins, bands, caps, the borrow cap of a given market — is read from chain and shown live in the app, because a document that states a wrong number confidently is worse than one that sends you to where the number actually lives.
- Lending markets — per-market parameters, read from the market contract
- $HEDGE — what the tax has actually paid, in the last 24 hours and since launch
- Tradable float