How to earn trading fees
with yield baskets.

A yield basket is a bskts basket whose holdings earn on their own: managed liquidity positions on each stock that collect trading fees, rather than the stocks themselves.

Like every bskts basket it is a single token with a fixed quantity of each holding in an on-chain vault, bought and sold at net asset value, and you can always redeem it for the holdings themselves.

Stock Tokens on Robinhood Chain trade in Uniswap pools, and every trade pays a fee to whoever supplies the pool’s liquidity. Each holding in a yield basket is a share of a Beefy CLM vault: it runs a managed liquidity position in one pool, usually the stock against USDG, kept around the current price where the trading happens, and reinvests the fees it collects into the share’s value.

Beefy keeps 9.5% of the fees its vaults earn and charges nothing to deposit or withdraw.

• WAFER · Chip IncomeThe chipmakers, earning while you hold them. Each leg is a managed liquidity position on the stock against USDG that collects trading fees and compounds them — about half the chip exposure, plus the fees. Holds AMD/USDG liquidity, Micron/USDG liquidity, Intel/USDG liquidity, NVIDIA/USDG liquidity, SanDisk/USDG liquidity. Management fee 0.50% a year; rebalanced monthly.
• COMET · Frontier IncomeSpaceX, Circle, Tesla and Coinbase, earning while you hold them. Each leg is a managed liquidity position that collects trading fees and compounds them — about half the frontier exposure, plus the fees. Holds SpaceX/USDG liquidity, Circle/USDG liquidity, Tesla/USDG liquidity, Coinbase/ETH liquidity. Management fee 0.50% a year; rebalanced monthly.

A liquidity position holds two things, the stock and dollars, roughly half and half. As the stock rises the position sells some of it into dollars, and as it falls it buys more. So a yield basket carries about half the stock exposure of the same names, plus the fees.

In a calm or choppy market the fees can come out ahead. In a strong move one way, up or down, the position trails simply holding the stock. The fees reward heavy trading; a steady run in one direction is what they lag.

The rate isn’t fixed: it moves with trading volume in each pool. Each basket’s page shows its recent fee rate as a simple annual rate, after Beefy’s 9.5% share of the fees. It blends each position’s trailing rate from Beefy by its weight in the basket, and the basket’s own management fee comes out of it. The pools are small today, so the rate swings, and it is likely to come down as more money joins them.

A liquidity share can’t be priced from its own small pool, so each one is valued from the vault’s own accounting, with its position re-valued at the fair price implied by the two tokens’ own Uniswap pools. Pushing a vault’s pool can’t move the basket’s value, and no external price feed is used.

The same way as any basket: log in, create your bskts account with one signature, add USDG, and buy from the basket’s page (the step-by-step guide). The fee is 0.20% when you buy and 0.20% when you sell to USDG. A trade costs a little more than in a stock basket, because each holding is a deposit into or a withdrawal from its Beefy vault.

• Big buys can wait. A Beefy vault refuses deposits while its pool sits more than about 0.4% from its recent average, so a buy large enough to push the pool that far is refused rather than overpaying.
• Beefy can change its contracts. The vaults can be upgraded, and Beefy marks most of these stock vaults as unaudited. If Beefy pauses one, selling for USDG waits; redeeming the basket for its holdings always works.

Rather trade a basket than earn on it? Basket perps let you go long or short. Holding one into a weekend? Weekend Cover protects it against a Monday gap.

What is a yield basket?

A yield basket is a bskts basket whose holdings earn on their own: managed liquidity positions on each stock that collect trading fees, rather than the stocks themselves.

Where does the yield come from?

Trading fees. Every trade in a stock's Uniswap pool pays a fee to the liquidity in it; each position collects its share and reinvests it, so the yield shows up in the basket's value rather than as a payout.

Is the yield fixed?

No. It moves with trading volume in each pool. Each basket's page shows its recent fee rate as a simple annual rate, after Beefy's 9.5% share of the fees.

What's the catch?

Each position is roughly half stock and half dollars, so it trails simply holding the stock when the stock moves hard in one direction. The positions are run by Beefy, whose contracts can be upgraded.

Is bskts part of Robinhood?

No. bskts is an independent project built on Robinhood Chain. It is not affiliated with, endorsed by, or officially connected with Robinhood Markets, Inc.