The biggest dividend product in traditional finance is the index dividend future. ySPY is the same thing for the S&P 500, and anyone can hold it. Quick background. A dividend future is a contract that pays you the dividends of a whole index for a year, without you owning the stocks. Eurex has run them on the EURO STOXX 50 since 2008, and they grew into a $100B market, the flagship of dividend trading. Exchange members only. You need a clearing account to get in. Retail has never traded one. ySPY does the same job for the S&P 500. Hold it and you're owed the dividends of 500 companies until the March maturity, without owning a single share. Anyone with a wallet can buy a fraction of a token. It settles on chain, in SPY, and the collateral, the oracle and the dividend index are public and live. S&P 500 companies pay out over $600 billion a year in dividends, more than any index on earth. The token that carries that yield is a few cents on Robinhood Chain. We're first.

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