Step 1
Deposit one share
Any supported stock token. A 0.10% fee is taken once, in the share. That is the only fee on the way in.
Halve splits a tokenized stock or ETF into two things you can own separately: the share at a discount, and every dividend it pays until a fixed date. Starting with the assets that actually pay.
Hold pJEPI until March 2027 and redeem the full share. No dividends, no surprises — the discount you buy at is your yield, locked on day one.
yJEPI costs 4.1% of the share and collects every payout until maturity. A rate cut or a special dividend reprices it hard. No leverage, no liquidation.
Every series is a stock or ETF and a maturity date. Sorted by what you can actually earn.
| Asset | Issuer | Dividend yield | Fixed APY · PT | YT price | Maturity | Capacity | |
|---|---|---|---|---|---|---|---|
JE JEPIJPM Equity Premium Income | Backed | 7.8% | 8.3% | yJEPI 0.0413 | Mar 2027 | 54% | Split |
O ORealty Income | Dinari | 5.5% | 5.8% | yO 0.0292 | Mar 2027 | 22% | Split |
SG SGOViShares 0-3M Treasury | Robinhood | 4.6% | 4.8% | ySGOV 0.0244 | Mar 2027 | 71% | Split |
SC SCHDSchwab US Dividend | Robinhood | 3.6% | 3.7% | ySCHD 0.0191 | Mar 2027 | 38% | Split |
SP SPYS&P 500 ETF | Robinhood | 1.2% | 1.2% | ySPY 0.0064 | Mar 2027 | 18% | Split |
MS MSFTMicrosoft | Robinhood | 0.7% | 0.7% | yMSFT 0.0037 | Mar 2027 | 27% | Split |
AA AAPLApple | Robinhood | 0.5% | 0.5% | yAAPL 0.0027 | Mar 2027 | 9% | Split |
GO GOOGLAlphabet | Robinhood | 0.4% | 0.4% | yGOOGL 0.0019 | Mar 2027 | 15% | Split |
ME METAMeta Platforms | Dinari | 0.3% | 0.3% | yMETA 0.0015 | Mar 2027 | 12% | Split |
NV NVDANVIDIA | Backed | 0.0% | 0.0% | yNVDA 0.0001 | Mar 2027 | 33% | Split |
AM AMZNAmazon | Dinari | 0.0% | 0.0% | yAMZN 0.0000 | Mar 2027 | 8% | Split |
TS TSLATesla | Backed | 0.0% | 0.0% | yTSLA 0.0000 | Mar 2027 | 11% | Split |
Any supported stock token. A 0.10% fee is taken once, in the share. That is the only fee on the way in.
A principal token (the share, dividends removed) and a yield token (the dividends, share removed). Keep both, or sell the one you don't want.
Merge one PT and one YT back into the share, free, at any time. Or hold to maturity and redeem. Neither depends on pool liquidity.
The vault holds exactly the shares deposited. PT and YT redeem to precisely that, so there is nothing to run on.
If PT + YT ever trades above one share, split and sell. Below, buy both and merge. Arbitrage keeps it at par without permission.
An oracle tells a dividend from a stock split by rule. Anything ambiguous waits two days in public, and merge stays open the whole time.
Robinhood, Backed and Dinari tokens run on the same vault design. No single issuer can take the protocol down.
Pashov Audit Group report published. Every contract verified on Blockscout. No admin key over user funds.
Protocol revenue is recycled into the PT and YT pools plus LP incentives, so spreads tighten as usage grows.
Exactly your deposit, in two pieces. Hold both and nothing changes. Sell the yield token and you've locked a fixed return on the share. Sell the principal and you own only the dividend stream. Merge at any time to get the share back, free.
No. There is no leverage or liquidation. The worst case for a yield token is that the asset pays fewer dividends than the market expected. The principal token always redeems the full share at maturity.
You don't — on these chains the dividend is reinvested into the token automatically. Halve makes that growth visible and tradable. Any site offering a "claim" button for stock-token dividends is a scam.
Yield tokens are a claim on the issuer's declared reinvestment, not on the underlying equity. If an issuer pauses or geo-blocks, merge stays open and you get the share back. Series are spread across three issuers to limit this risk.
Connect a wallet, pick an asset, get both halves in one transaction.
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