At first glance, an
@EARNONHOOD Omnipool might look similar to an index or ETF style product, but it is way more powerful than that.
Normally, you just get exposure to a group of assets. But with an Omnipool, those assets sit inside a single shared liquidity pool, so you get exposure while the portfolio actively generates fees and yield.
Since these pools are permissionless, anyone can create an Omnipool around the tokens they already hold. This is huge for tokenized stocks and RWAs, but we're already seeing users put memes and alts into pools too.
This unlocks an entirely new layer of liquidity on Robinhood, and we are pushing it further through composability.
Every Omnipool has a receipt token representing ownership of the underlying pool. That receipt token gives you single-token exposure to the entire portfolio, while the underlying assets continue providing liquidity and earning yield.
It can then become a building block for other layers of DeFi, from secondary liquidity markets to collateral, lending and leverage. This is where it becomes a completely different primitive that goes far beyond indexes, ETFs, or baskets. You keep exposure to multiple tokens while they generate yield, and can then leverage it and compound it in other protocols.
Omnipools are permissionless, flexible and built to make any portfolio productive, whether it contains tokenized stocks, memes or any other onchain asset.
Any user can now turn their portfolio into yield, and EARN is building the only primitives that can scale to billions of dollars in assets, with entirely new markets built on top of it.
All of these pools generate fees that go to burning $EARN, and as the network expands it deepens the liquidity for EARN as a base asset. The growth of the protocol is directly tied to the value given back to token holders.
Everyone will earn.