Robinhood Chain reserve currency Magic Internet Money is a reserve currency on Robinhood Chain backed by audited on-chain assets. Magic Internet Money (MIM) operates as a reserve currency on Robinhood Chain. It maintains backing through a treasury of tokenized equities, stablecoins, and a capped memecoin allocation. All treasury deposits and balances are recorded publicly on the chain for verification. Asset-backed design The token draws backing from tokenized equities as the primary reserve component. Robinhood Chain focuses on real equities on-chain, and that forms the core of the MIM treasury. Stablecoins provide a stable floor while a small memecoin slice adds optional exposure. The structure aims for growth beyond token emissions through underlying asset performance. Staking and rebase mechanics Holders can stake MIM to receive MEMO that rebases automatically every eight hours. Staking converts MIM to MEMO on a one-to-one basis with automatic compounding through rebases. Wrapping MEMO into wMEMO keeps the balance constant while value tracks the index. The protocol emphasizes transparent, contract-read treasury data over external claims.

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