SYSTEM
Architecture
HoodOptions separates product surface from settlement backend so the venue can be demo-reliable today and fully on-chain tomorrow — same UX.
Stock tokens / RWAs (RH Chain)
│
▼
Options engine ←── quote (IV, leverage, expiry)
│
├── premium (USDG) ──► USDG vault (LP shares)
│
└── settlement ──► payout from vault | premium retained
Phase 1 (current demo)
A TypeScript protocol engine mirrors vault shares, reserved capital, opens, and settlement. State persists locally. Markets and USDG use Robinhood Chain registry identities.
Phase 2 (on-chain)
Solidity vault + market contracts on Robinhood Chain bind to USDG and stock token addresses, with oracle round-bound settlement and a permissionless keeper. Full collateral — no liquidations.