Live on Robinhood Chain

The lookout

$PIPPIN0x5DA9fFe45F46C5c0c38AB9Ce0895dF8956b5A5A2
a separate token, not the vault share
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Net asset value
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Leaf price
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Leaves outstanding
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On-chain actions
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Rungs earning
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Leaf price

What one Leaf is worth

One Leaf

Collecting the first samples — the series records one point an hour, so the curve appears within a few hours of the vault going live.

Your Leaf count never changes — this is what each one is worth. It rises as the vault earns fees. A deposit moves net asset value but never this line, which is why they are charted apart.

Range ladder

ETH / USDG

Live price

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Getting your money out

Questions worth asking first

The vault pulls your USDG with transferFrom, so it needs an ERC-20 allowance first. The approval is for exactly the amount you are depositing, never unlimited, so nothing is left standing against the vault afterwards.

That costs a second signature on each deposit. It is a deliberate trade: an unlimited approval would save a click and leave a permanent claim on your balance long after you stopped using the vault. It also reads as a risk signal to wallet security scanners, which is a fair reading of what it actually is.