
First automated protocol token backed by @RobinhoodApp L2’s tokenized stocks, with a V4 Hook approved by @Uniswap. 0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5
t.me/isBacked
Joined July 2026
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Backed protocol is split in 3:
- Automated protocol backed by tokenized stocks, with a V4 Hook approved by @Uniswap.
- Perps DEX powered by @Lighter_xyz and @rialto_xyz.
- The first native in-house Prediction markets on @RobinhoodApp chain.
The ticker is $BACKED.
This is the main difference between $BACKED and $Index.
Backed Vault is a permissionless smart contract from which holders can redeem their tokens for the underlying stocks. More than $250k sitting there.
There is no withdraw function for the team.
$INDEX panic sellers just tripled a treasury nobody is operating!
Today $INDEX dropped another 42% to ~$0.0050, its lowest price since mid-August at a ~$5.0M market cap
Over the last 24 hours 44 big wallets dumped $109K while 134 small buyers picked up $70K, so the average seller unloaded ~5x more than the average buyer
Here is the crazy part inside the @TheIndexFi contracts right now:
The bot that buys stocks and pays holders has been dead for over 60 hours, with zero payouts since October 18
Yet the 3% trading tax still fires on every swap
So today's dump tripled the unclaimed fees sitting in the treasury from 1.07 ETH two days ago to 3.48 ETH (~$8,150), on top of ~$9,400 in stocks stuck in the distributor
~$17.5K is sitting inside the contracts waiting for someone on the team to wake up and press start
Today, for the first time in a few months, the price went below the floor price.
Remember that if $BACKED market cap dumps below $250,000 you can burn the tokens and redeem the underlying stocks.
Selling on the market is less profitable than redeeming.
$250,000. 🏛️
Real stocks. Protecting the floor. Redeemable by $BACKED holders.
The floor is only going up. ⬆️
Bullish on @RobinhoodCrypto.
Replying to @justhodlthebag
Fair feedback. Summit was a lot of ground to cover, but Robinhood Chain is a big priority for us and we're not going anywhere. The builders who showed up early matter to us. More to share soon.
The only token backed by real stocks.
📊 $250,000 In Stocks Now Sits Under A Robinhood Chain Token's Floor
.@isBacked_ says its treasury backs a floor redeemable by $BACKED holders, and that it holds the chain's 2nd approved Uniswap hook.
A floor made of real stocks, not a promise. $HOOD
Great event!
Enjoyed captain @vladtenev acting.
Mission complete 🪐
Thanks for joining us for HOOD Summit. We hope you enjoy everything we shipped.
See you out there.
rbnhd.co/HOODSummit2026
Don't know where to spend your @RobinhoodCrypto tokens and stocks anonymously?
More than 2,250 brands available on Backed Spend.
robinhood:0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5 is 50% backed by stocks.
Limited downside, unlimited upside.
Check the vault: backed.is/vault















