Feather

A non-custodial trading desk for tokenised US equities on Robinhood Chain. Pricing is linked to Chainlink feeds and settlement runs on-chain every hour, with margin checks and liquidations executed inside the contracts, so positions can still be opened and closed while the underlying cash market is shut.

The design ties continuous trading to hourly settlement: feeds refresh on a fixed cadence, position PnL and margin calls are recomputed accordingly, collateral is denominated in stablecoins, and users sign opens and closes from their own wallets while the desk never takes over the assets. The structure targets users who need to manage risk outside exchange hours, stretching stock-token liquidity across the full day. Liquidations run in-contract against the margin ratio, with triggers fixed in code rather than left to an operator.