One stock goes in.Two tokens come out.
Drop in a Robinhood Chain stock token and get two back: sTOKEN is the share without its dividends, xTOKEN is the dividends without the share. Keep one, sell the other, or merge them back for free.
Series
One stock token and one maturity date per series, cut into an sTOKEN and an xTOKEN. These four open at launch. Stock prices are live reads from Uniswap on Robinhood Chain; the drip, meaning the dividends left until maturity, is an estimate.
The share and its drip, sold separately.
A STOX series turns a stock token into two ERC-20 tokens. Hold one of each and you hold the stock again. Hold just one and you have picked a side.
The share, at a discount.
sTOKEN is the stock with its future dividends sliced off. It trades under the share price today and redeems for the baseline share at maturity, so the gap between the two is a fixed return you can see up front.
Just the drip.
xTOKEN catches every dividend the issuer reinvests into the token until maturity. It costs a sliver of the share, moves when payouts change, and cannot be liquidated because nothing is borrowed.
How it works
Split it, pick a side, then cash out or put it back together.
Split
Send a stock token to its series vault. For each one you get an sTOKEN and an xTOKEN, minus a 10 bps fee charged once, on the way in.
Pick a side
Sell the xTOKEN and hold a fixed return on the share. Or buy xTOKEN alone and collect dividends for a sliver of the price. Both legs trade against the stock on Uniswap v3.
Redeem or merge
After maturity each token redeems for its slice of the stock. Before that, one of each merges back into a stock token at no cost. sTOKEN can back a Morpho loan once a market opens.
An old desk trade, now in a wallet.
Separating an asset from the income it pays is a well worn move in finance. For decades it needed a dealer desk or a futures account. STOX puts it one transaction away.
PRIMES and SCORES
Trusts split blue chip shares such as AT&T into PRIMES, which kept the dividends and some of the price gain, and SCORES, which kept the upside above a set level.
Treasury STRIPS
The Treasury began letting a bond's principal and each of its coupons trade as separate securities. The program still runs today.
Dividend futures
Exchanges list futures that pay only the dividends of an index or a single stock. The market is large, and it is built for institutions.
STOX
The same cut for stock tokens. One transaction to split, any wallet to hold either side, and a free merge whenever you want the stock back.
Where the fees go.
A split pays 10 bps. An xTOKEN redemption pays 5% of the dividends it collected. Treasury policy is to put that income back into the series pools instead of parking it.
$STOX
The protocol token. It launches on ponsfamily.com after the contracts go live. Until an address appears below, there is no official $STOX.
Launches on ponsfamily.com
$STOX goes live on the ponsfamily.com launchpad once the protocol ships. Follow @stoxlive on X for the date.
Fees buy it back
Once $STOX is live, treasury policy routes protocol fees to market-buy $STOX and burn it. It is a policy the treasury follows, not a rule the contracts enforce, and every burn is visible on chain.
One address, posted here
The real contract shows up in the bar above and in a post from @stoxlive. A token using the name before then, or at any other address, is not STOX.