Drawset

Capital desk

Explore reserves, collateral and exits with illustrative USD amounts / No funds move

Allocation

Illustrative starting capital $1,000,000
Policy scenario
$250,000
Inventory credit 75%$750,000

Drag the divider to change the cash reserve

$100,000 protected cash floor
No decline70% decline
Available from cash$150,000
Placed in the queue$50,000
New credit within policy

Cash above the reserve floor can meet exit requests while the remaining capital finances inventory

Modeled uncovered credit
$0

Interactive controls require JavaScript / Displayed values are illustrative
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The market runs on inventory
Inventory runs on capital

Drawset proposes short-term credit for market makers, with a balance sheet that capital providers can actually read

Pool capital$1,000,000
Cash reserve$250,000
Inventory credit$750,000
Exit request queue$50,000

Pool the capital

Eligible providers would supply an approved stablecoin for vault shares / Borrower interest would accrue to the pool after fees and credit losses

Finance the inventory

Approved market makers would borrow against existing stock tokens, within collateral limits and short-term credit mandates

Make exits explicit

Withdrawals would use available cash above the reserve floor, with any remainder entering a request-based queue

Return capital to the pool

Borrower repayments could replenish cash and help process queued exits / Repayment and withdrawal timing are not guaranteed

A balance sheet
you can read

Cash, credit, and exit commitments
Each has a different job

Return to your scenario
Cash held in reserve

Capital that has not been lent out

$250,000
Protected cash floor

The minimum cash retained by this model

$100,000
Outstanding inventory credit

Principal deployed to finance inventory

$750,000
Stressed collateral value

Before the assumed liquidation discount

$1,500,000
Modeled uncovered credit

Any shortfall after the liquidation discount

$0
Modeled net assets

Starting capital less uncovered credit

$1,000,000

See the risk before the shortfall

A cash reserve and collateral coverage answer different questions / Explore what a price decline does to the same inventory-credit model

Assumed liquidation proceeds as a share of outstanding credit
Collateral coverage under an illustrative price declineIllustrative coverage starts at 184% of outstanding credit after an assumed 8% liquidation discount
Collateral price decline / Illustrative values after the model’s 8% liquidation discount
Linked to the capital desk
Liquidation coverage
184%
Uncovered credit
$0

Price risk is one borrowing constraint / Policy windows and other collateral controls still apply / This illustration cannot establish solvency

Return to the capital desk

The clock matters

Being onchain does not make every price fresh
New borrowing needs its own rules

Hypothetical conditionNew creditCash-funded exit requests
Market hours & fresh pricesWithin collateral limitsAbove the cash floor
Outside market hoursPaused by policyAbove the cash floor
Oracle temporarily pausedPaused by policyAbove the cash floor

Illustrative policy windows / Not a real-time market indicator / Actual integrations would also check price freshness, issuer controls, and sequencer health

Transparency comes
before deposits

Drawset is an independent product concept
No production vault, live offering, or Robinhood affiliation

Who is this designed for?

Eligible non-US capital providers and approved stock-token market makers, with jurisdiction and investor eligibility checks required before any live offering

English-language availability does not establish eligibility and Stock Tokens are restricted in multiple jurisdictions

What can go wrong?

Borrower default, collateral gaps, issuer restrictions, stale prices, limited exit liquidity, and smart-contract failures can all create losses or delay withdrawals

Vault shares would not be insured deposits and queued exits would have no guaranteed completion date

What is actually working here?

The browser-local cash reserve and exit model, scenario saving, JSON export, and policy-state exploration are functional

This calculator moves no funds and connects no contracts or price feeds / A separate restricted testnet harness is available on the Testnet page

Why Robinhood Chain?

Robinhood documents transferable ERC-20 Stock Tokens and per-asset Chainlink feeds, giving developers a foundation for collateral-aware applications

Stock Tokens are debt securities providing economic exposure, rather than direct ownership of underlying shares

Read Robinhood’s developer documentation

From asset pools
to inventory credit

Centrifuge supplies the reference narrative of pooled assets, share ownership, and request-based redemptions

Drawset applies that structure to short-duration financing for approved stock-token market makers on Robinhood Chain

The proposed upgrade

What must exist before launch

Eligible asset and stablecoin integrations, underwritten borrowers, enforceable collateral controls, audited contracts, verified prices, and jurisdiction-specific offering rules

Drawset is an independent concept, with no claimed partnership or endorsement

Explore the model

A cash-flow illustration
Not a risk engine

The starting capital is fixed at $1,000,000 and the cash floor is fixed at $100,000

Deployed credit starts at 50% loan-to-value, with an assumed 8% collateral liquidation discount and no borrower interest or fees

A price decline below the collateral coverage threshold creates modeled uncovered credit, reducing modeled net assets

Available exits use cash above the floor and the remainder is queued with no completion estimate

Market-hours and oracle controls are hypothetical policy scenarios, not a real-time calendar or an actual oracle connection

Outside market hours or with a paused oracle, this proposed policy blocks new draws while cash-funded exit requests remain available

The model excludes actual share pricing, competing exit requests, borrower concentration, issuer restrictions, liquidity depth, execution costs, interest, and recovery timing

This model cannot establish solvency, withdrawal eligibility, or whether an investment is suitable