Weekend report
Every window since 1 July when new stock tokens could not be minted (weekends and US market holidays), measured on the real Uniswap v4 swaps on Robinhood Chain. We count buys priced more than 5% above the last official close (the reference) and report two different numbers: the value of those buys, and the amount paid above the reference on them (what they paid minus the same tokens at the reference price). Neither is a loss: the price includes the pool fee, and a buyer whose stock opened higher afterwards may have lost nothing.
| Window | Tokens above 10% | Biggest premium (held 15 min) | Value of buys >5% above | Paid above the reference | Wallets | Sample |
|---|---|---|---|---|---|---|
| Sat 26 – Sun 27 Sept paper mode: 69 of 77 tokens settled (live) | 0 | $2,892 | $172 | 17 | 69 tokens, 45,584 swaps | |
| Sat 19 – Sun 20 Sept paper mode: 66 of 77 tokens settled (live) | 1 | $207,805 | $17,532 | 620 | 68 tokens, 74,948 swaps | |
| Sat 12 – Sun 13 Sept | 2 | $2,125,457 | $583,399 | 3,274 | 79 tokens, 216,606 swaps | |
| Sat 5 – Mon 7 Sept weekend + Labor Day | 5 | $4,475,993 | $420,119 | 8,975 | 86 tokens, 653,053 swaps | |
| Sat 29 – Sun 30 Aug | 6 | $9,994,448 | $2,488,112 | 11,703 | 37 tokens, 275,190 swaps | |
| Sat 22 – Sun 23 Aug | 1 | $332,394 | $25,346 | 891 | 29 tokens, 29,005 swaps | |
| Sat 15 – Sun 16 Aug | 1 | $140,512 | $13,763 | 443 | 22 tokens, 14,271 swaps | |
| Sat 8 – Sun 9 Aug | 1 | $124,242 | $36,981 | 856 | 21 tokens, 23,445 swaps | |
| Sat 1 – Sun 2 Aug | 0 | $15,818 | $1,123 | 74 | 24 tokens, 10,343 swaps | |
| Sat 25 – Sun 26 Jul | 2 | $109,866 | $24,775 | 661 | 21 tokens, 30,254 swaps | |
| Sat 18 – Sun 19 Jul | 0 | $67,398 | $3,994 | 247 | 15 tokens, 19,377 swaps | |
| Sat 11 – Sun 12 Jul | 0 | $145 | $8 | 3 | 11 tokens, 4,708 swaps | |
| Fri 3 – Sun 5 Jul weekend + Independence Day (observed) | 0 | $10 | $1 | 2 | 4 tokens, 182 swaps |
Observed onchain, Robinhood Chain mainnet. Tokens above 10% = traded at least 10% over the reference for an hour or more in total. Premiums are the highest level the price held for 15 minutes; the single highest trade can be far higher (HIMS touched +317.6% on 29 Aug, see the home page). Wallets = distinct transaction senders, bots and aggregators included.
Excluded: SATS (no official close found for the ticker); 1,569 pools with hooks (their accounting can differ from the swap event); 57 pool-windows whose price was more than 10% from the reference before the window (spam or mispriced pools).
Method
- Mint-off windows: Sat 00:00 to Mon 00:00 UTC (Robinhood tokenization window closed Sat 02:00 to Mon 02:00 CEST), extended over US market holidays.
- Reference: official close of the last US trading session before the window (Yahoo Finance daily chart). The token tracks this price at NAV when minting is on.
- Scanned: every hook-free STOCK/USDG Uniswap v4 pool with fee <= 1% (2074 pools, 187 tickers). 1569 hooked USDG pools were not scanned (hook accounting can differ from the Swap event).
- A pool is excluded for a window if its last pre-window price is more than 10% from the reference (spam or mispriced pool, not tracking the stock).
- A buy = a swap that sent the stock to the trader for USDG. Paid price = USDG in / stock out, including the pool fee (<= 1%).
- USD above reference = USDG paid - stock x reference, summed over buys whose paid price exceeded the reference by more than the threshold. Headline threshold: 5% (above fee + normal spread).
- Unique senders = distinct transaction `from` addresses, counted for buys at least 2% above the reference. Includes bots and aggregators, not only people.
- This is USD paid above the reference price, not a loss: it includes the pool fee (<= 1%), and a buyer whose stock opened higher after the window may have lost nothing.
- Tokens above 10% = the token's most active tracking pool traded at least 10% above the reference for 1 hour or more in total (tokens with fewer than 10 swaps in the window are not counted). Peak = the highest premium the pool held for at least 15 minutes (a single stray print into a near-empty price range is not a price anyone traded at).
- Recovery = hours after the window until that pool traded within 5% of the first post-window close (null = not within 72 h).
- Vault = the community vault's default ladder in the with-supply replay (web/public/data/supply/replay.json), simulated, per $1,000 and $10,000 of tokens deposited.
Source: web/public/data/weekends.json (backtest/src/weekends.ts), generated 2026-09-29.
Minting is off 31.2% of the time
New stock tokens can only be created while the real market is open. Robinhood's tokenization window runs Monday 02:00 to Saturday 02:00 (Berlin time) and is closed on US market holidays; outside it, tokens still trade onchain but nobody can mint or redeem them, so nothing pulls the price back to the real share price.
The 10 windows that include a US holiday
| From (UTC) | To (UTC) | Hours | Why |
|---|---|---|---|
| 2026-01-01 01:00 | 2026-01-02 01:00 | 24 | New Year's Day |
| 2026-01-17 01:00 | 2026-01-20 01:00 | 72 | weekend + Martin Luther King Jr. Day |
| 2026-02-14 01:00 | 2026-02-17 01:00 | 72 | weekend + Washington's Birthday |
| 2026-04-03 00:00 | 2026-04-06 00:00 | 72 | weekend + Good Friday |
| 2026-05-23 00:00 | 2026-05-26 00:00 | 72 | weekend + Memorial Day |
| 2026-06-19 00:00 | 2026-06-22 00:00 | 72 | weekend + Juneteenth |
| 2026-07-03 00:00 | 2026-07-06 00:00 | 72 | weekend + Independence Day (observed) |
| 2026-09-05 00:00 | 2026-09-08 00:00 | 72 | weekend + Labor Day |
| 2026-11-26 01:00 | 2026-11-27 01:00 | 24 | Thanksgiving Day |
| 2026-12-25 01:00 | 2026-12-28 01:00 | 72 | weekend + Christmas Day |
Our assumption: A US holiday is mint-off from 02:00 Berlin on the holiday to 02:00 the next day, merged with an adjacent weekend. Weekend windows are 47 h and 49 h on the two daylight-saving weekends, which cancel out. Sources: Minting and burning are not supported outside the tokenization window; Stock Tokens still trade onchain · Tokenization window: Monday 02:00 until Saturday 02:00 CET/CEST, closed on US market holidays · US market holidays. Data: web/public/data/mintoff.json.