Lightbringer's stock splitting is now live on Solana. Anchor Program and addresses below. 1. Splitter: 4e1MeFRWfGB8RUpPn7rYqMVtmrqAQDzb7ScxMtGBDfbq → The program to split a tokenized stock on Solana. Splits, merges, claims, redemptions and Lightbringer's Solana dividend desk. 2. Dividend trackers: → SPYx: 784WhFwY4zg27H8RTB1t7YuHwHSsabSE1V8Komoh8zAe → QQQx: 7xLKEb7ha8yd6KU8TPqPPH4yWrbyyHy8wa3S2vUzNArW → AAPLx: Gb2UR3PqLVV6KYysXbM2WENawDPyHrZSKydgQujNc3mc → MSFTx: HH3C6tgRrxQxWB9XoZxTYGkEkCB5x7jmfqPCXGHomNSY → GOOGLx: A3cNN3KvcKqHf2cbmeaRh3Eg3FoWEBjcHVayJ463NMuu → NVDAx: CS5if1bhYLA4o6cS4LxcfazAh5S1vgjoRe43Js6YLwCj → Each watches its stock's multiplier and records which moves are dividends and which are stock splits, so a 2-for-1 is never paid out as income. A change that is neither is held for review, with a public two-day delay before it can be applied. 3. Lightbringer's first series: SPYx, March 31, 2027: D4Sh3H295TddKc736bSmW7L22NupzXw3huD9dnxCY6Ho → The series itself: the stock and the maturity. It mints both tokens, holds the vault, and caps the series at 25 SPYx to start. 4. Lightbringer's PT-SPYx-MAR27 (principal token): 4jgsStR93CVcESFVrrRQxiDdft2jMa3vAaQdXThTfVhn → Redeems for SPYx at maturity. Shows up in wallets as its own token. 5. Lightbringer's YT-SPYx-MAR27 (yield token): 6V5VEFDXcWtWfbsLdbx2UjXKRoozX6KbyzSqbAEULbLV → Collects dividends as Backed pays them, claimable at any time. Sending it settles both sides inside the transfer, so what you earned before selling stays yours. 6. Lightbringer's SPYx Vault: 98eAXTZoZZt2ayzv6pceP7pYAkUTwbrRzEGQv9vmFJys → Holds every SPYx deposited into the series. A principal token plus a dividend token comes back out as stock at any time, before or after maturity, with no price, no keeper and nobody's permission. 7. Transfer-hook account list: 9C3gtRknmiGR4EKXcpXZZVMYifnZwjPJzrwk2xUzaJcV → What Solana hands the program on every send of a dividend token, so settlement happens inside the transfer itself. We can now expand the series concurrently on both Robinhood Chain and Solana to include more assets. We're now integrating this module and its Robinhood Chain counterpart into the platform.

We're currently wrapping up the Lightbringer novation layer. With this layer, anybody will be able to stake their $LIGHT on a per-asset basis on the platform and receive a slice of all fees generated from that asset (borrows, lends, interests, splits, etc) along with staking their $LIGHT behind the protocol itself for a slice of the protocol revenue. Per-asset staking is more concentrated and will inherently carry more fees than $LIGHT staked behind the protocol itself. When the Lightbringer novation layer is finished and shipped, we're immediately pivoting and jumping into building out the structure to be the credit layer for both the StonkFun and LONG ecosystems. More information coming soon!

We're building the credit layer for @LaunchOnSF currently!

Lightbringer is bringing novation onchain. Novation is one of the largest structural models in real markets that never made their way over to onchain finance until now.

What's next for Lightbringer? We're now getting into fun primitives! 1. Lightbringer's novation layer: This is perhaps the biggest structural idea in market plumbing that hasn't been ported over to onchain finance. Our architecture is deliberately bilateral: one pool, one lender, lender-set terms, isolated. That is why we can list a long tail that nobody else will touch. It means, however, that a borrower with eight loans across eight pools has eight credit relationships, eight maturities and no netting whatsoever. The novation layer keeps the bilateral pricing while adding netting on top. → $LIGHT staked behind specific assets on the Lightbringer platform. → $LIGHT staked protocol-wide. Stakers on assets and protocol functionality receive a slice of accumulated fees, pro-rata, on a per-asset and per-protocol basis. 2. Lightbringer <> StonkFun credit layer: StonkFun coin reflections can basically be classified as a dividend. With some unique tweaking, we can then open a credit layer for StonkFun holders that allow them to use their underlying asset (a StonkFun token) as collateral to receive liquidity for their holdings while retaining their upside on that asset and still receive their asset pair reflections. → A borrower deposits their StonkFun token into a Lightbringer vault on Solana. → The user receives cash upfront for their holdings. → Asset sits in the vault, still captures the upside on the holdings itself. → Dividends accrued to those holdings within the vault are autonomously routed back to the originator even while the asset remains in the vault. → The borrower pays off their loan with interest, receives the full amount of their holdings back.

Lightbringer's dividend desk is now live for both Solana and Robinhood Chain. Anybody can now: → Pick the stock they want and view what it has paid onchain in total (as a % of one share), how many payments that was and when the latest landed and how many maturities are open. → View in-depth maturity information including when it matures, how long it still runs, how many bids there are, the best bid and how much is wanted in total. → View every dividend, dated, with its size and a total. → View a position and the bid form including what you hold, what you can bid with, Lightbringer's desk fee and the token's address. → Compare maturities before choosing one; a 2028 dividend token collects years more payments than a 2026 one. → Sell their dividends into a bid and see exactly what you'll receive. Tokens and cash swap in one transaction and you get the full price; the fee comes out of the buyer's deposit. → Post a bid: name a price and a quantity, see the deposit including the fee. → Top up a bid at the same price. → Close a bid at any time and take back every unit of cash. → Share links to exact views e.g. /dividends?stock=SGOV&at=DEC28

What if?

Individual desks for the Lightbringer split series arrive today to the Lightbringer platform and open up the capability for: → Dividend strip trading and loaning— you can split your asset into its principal token (the real underlying asset) and the yield token (the part that accrues onchain dividends) and then loan out the long-dated dividend accrual for cash upfront. → Usage of the individual principal tokens throughout the Lightbringer dApp as collateral. → The self-repaying loan capability where dividend accrual pays the loan interest. We'll also be beginning architecture creation today on two highly-experimental new products including: → Individualized $LIGHT staking behind singular assets on the platform. → Social position offramping via receipt tokens and Lightbringer's syndicate desk.

9 new assets have been added as acceptable collateral on the Lightbringer platform. Solana: → solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN (Jupiter) → solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R (Raydium) → solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn → $USELESS → solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx Robinhood Chain: → $GLD (gold) → $PONS → $CASHCAT → $AI Borrowers are now able to post these assets as collateral for USDG and lenders are now able to open pools that accept these new assets as collateral. Additionally, these new assets can now be used at any of the other Lightbringer desks including our repo loaning desk and syndicate pools. The desks for the Lightbringer split series is dropping soon and will contain dividend strip trading and loaning, principal token collateral, self-paying loans and much more! After we conclude the split series desks, we're moving into experimental territory in the form of receipt-based loans for social trading (FOMO and Pump) positions without having to sell via the Lightbringer syndicate desks (re: nitter.net/Czr0x/status/210243514…). $LIGHT staking behind selective assets will follow suit as well (re: nitter.net/Czr0x/status/210237460…).

Collateral expansion day. We'll be adding the first grouping of blue-chip tokens on Solana and Robinhood Chain today to the Lightbringer platform to be used at any of the desks. Solana: → solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN → solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R → $PUMP → $USELESS → $STONK Robinhood Chain: → $CASHCAT → $PONS → $AI We'll also be bringing the lending and trading desks for dividend strips and principal assets (from the Lightbringer series: lightbringer.loans/series) online today to the platform.

Asset splitting and merging is now live on the Lightbringer platform at: lightbringer.loans/split-sto… Anybody can now deposit up to 41 different tokenized stocks into any one of Lightbringer's nearly 300 series and get the associated principal token and yield token minted directly to their wallet. Those 2 assets can then be used as individual pieces on Lightbringer's platform in the form of dividend strip trading on the yield token while retaining the principal token for the underlying asset's upside, loan out both assets, combine them into a self-paying loan and so much more. Up next: → We're actively expanding the series to include many more dates and assets. → Collateral expansion on the other Lightbringer lending desks outside of stripped asset usecases. → $LIGHT backstop integration: stake your $LIGHT behind any of the platform's supported assets and get fees every time those assets are used on the platform by other people. This also allows us to bring in more volatile assets to the platform that were previously unaccessible due to a lower LTV.

Frontend merge for splitting into any of Lightbringer's series is landing shortly.

We've deployed 287 series across Solana and Robinhood. A series is one stock and one date. Deposit the stock and it splits into two tokens: PT, which redeems for the stock on that date, and YT, which collects every dividend it pays before then. 35 companies, seven maturities each, running out to December 2028. 574 tokens. The long-dated ones are the appealing point. A two-year series packs eight quarterly dividends into one token instead of one. If you trade dividends, that's the whole trade: you get a real strip to price instead of a single payment. We're now connecting everything up to the frontend so users can deposit their asset into any of the relevant matched series and get their asset split into the two components (PT + YT). From there, users can sell or lend out their dividend strips while retaining the upside on the asset itself, lend them both out, utilize both of them in a self-repaying loan, merge them together or anything else that any of the Lightbringer desks offer. Deposit, split, merge and claim will be released shortly. For a full list of the series including the assets accepted for splits, their dates and their addresses, please refer to: lightbringer.loans/series

Hey, @DineroDom0! We sent you a message. Let's chat!

41 additional series will be released today for asset splitting on both Robinhood Chain and Solana. We are releasing long-dated series for a higher dividend strip capability on select assets and expanding the accepted collateral list. Additionally, we'll also be releasing the platform upgrade today that allows anybody to split their accepted assets into any of the Lightbringer series and receive their principal token (PT) and yield token (YT) which they will then also be able to use several different ways directly on the Lightbringer platform including: Principal token: 1. Retain it while selling/loaning out the dividend strip (the yield token) to capture the underlying asset's upside while receiving upfront cash for your yield. 2. Deposit it into a repo (sell and buy back) loan for immediate cash, a fixed buyback price and no liquidation. 3. Loan it out through Lightbringer's stock lending desk. 4. Borrow USDG against it from one of Lightbringer's lending pools. 5. Hold it and redeem for the stock at maturity. Yield token: 1. Sell your dividend strip for cash immediately. Buyer pays you USDG today for all future dividends within the series you deposited into. 2. Borrow USDG against it against dividends already earned. 3. Claim dividends at any time, straight to you. 4. Sell and buy back, or lend it out through the same desks as the principal token. Exciting things are coming to Lightbringer. An incredible amount of primitives are being born on-chain and we're elated to be a part of it!

Here's what the dates mean on each of the Lightbringer series. Split a stock and you get two tokens: the principal and the dividends. The date is where the split ends. Every dividend the stock pays before that date belongs to the dividend token and not at the end. Each one is claimable the moment it lands. The principal token is that same stock without those dividends. At maturity it redeems one for one back into the stock held in the vault. After the date the index freezes. Anything paid later belongs to whoever redeems the stock. Hold both halves and you can merge them back into the stock at any time. The date only matters while you're holding one half on its own. Our first series on both chains is SPY, 31 March 2027, about two quarterly dividends. Longer ones are next. Same stock, same machinery, a date further out: deposit the same SPY into a series running a year or two years and the dividend token carries every payment until then. Four, six and more. The same stock can go into whichever series you like, so you choose how long a dividend strip you want to hold. Then sell it, lend it, borrow against it, or just claim the payments as they arrive. lightbringer.loans

We'll be deploying our Anchor program on Solana momentarily which will include: → Our dividend index— this reads each xStock's multiplier directly from the token with the same rules as our Robinhood Chain splitting contract. → Split, merge, claim and redeem capability— same as our Robinhood Chain contract. → Our Solana dividend desk— similar to our Robinhood Chain contract. This will be an entirely new Anchor program and will not be an upgrade to our current Anchor program that contains our syndicate loaning capabilities and other desks. After we get this program deployed on Solana, we'll be folding everything regarding this new pipeline (splitting and utilizing each component individually or together) into the platform with a new UI for it.