Live on Robinhood Chain

The synthetic layer
for Chinese equity.

All 5,000+ Shanghai and Shenzhen listed stocks, brought onchain via multi-source zkTLS oracle and CDP-backed synthetic issuance. Trade, collateralize, and launch tokens against real Chinese equity price — 24 hours a day.

$10T
Underlying market
5,000+
Listed A-shares
24 / 7
Trading hours
0
Competing protocols
Live protocol metrics · 链上实时

The Shadow layer, in numbers

Total Value Locked
$0
USDG 抵押总额
Active markets
5
已上链市场
Base assets available
5
可作发射底池
Unique positions
—
独立仓位数·Indexer v1
24h volume
—
24 小时成交·Indexer v1
LP TVL
$0
流动性池深度·Uniswap v1
Contract: 0xde1d···225e·Chain ID 4663·Refreshed every 20s
Why synthetic

No one else can custody A-shares offshore.

01
Capital controls
The renminbi is not freely convertible. Offshore wallets cannot wire USD to buy A-share stock through any normal channel.
02
Regulatory ban
China's securities regulator explicitly prohibits offshore tokenization of A-shares. Fully-backed models are illegal.
03
No global custody
Only QFII institutions with Stock Connect quotas can hold A-shares. No offshore custodian can back retail tokens 1:1.
04
Trading hours
Real A-shares trade 4 hours per weekday. A fully-backed wrapper inherits those windows. Synthetic runs 24/7.

Shadow's approach: over-collateralized USDG mints syn-tokens whose price is held in lockstep with real A-share market via multi-source oracle and mint/redeem arbitrage. Zero offshore custody. Zero capital controls. Zero market-hour restrictions.

How Shadow works

Deposit stablecoins.
Receive Chinese equity exposure.

Three actions, thirty seconds. Your exposure to Moutai, CATL, Ping An or any Chinese-listed name moves in lockstep with the real market — without a brokerage account, without RMB conversion, without weekday market hours.

01
Deposit USDG
存入 USDG
Lock USDG stablecoin into the Shadow Vault as collateral. You keep custody — collateral is refundable when you close the position.
02
Mint synthetic
铸造合成代币
Vault issues a syn-token (syn-Moutai, syn-CATL, etc.) at real-time price from a multi-source oracle: Sina + EastMoney + more.
03
Trade, hold, compose
交易 · 持有 · 组合
Sell back to USDG anytime at current price. Or use it as collateral in DeFi. Or pair it into a Launchpad pool as base.
The peg

Held to real market price by arbitrage.

Anyone can always mint or redeem syn-tokens at the oracle price. If the secondary market drifts above or below, arbitrageurs close the gap instantly — buying cheap, redeeming at the higher oracle price. The result: secondary market stays within a ±0.5% band of real A-share price at all times.

Real A-share marketSSE · SZSEzkTLS · every 30sMulti-source OracleVault (mint / redeem)Secondary marketarbitrage · closes any gap

Real A-share price is fetched every 30 seconds from public Chinese finance data sources, cross-verified via cryptographic proofs (zkTLS, in v2), then published onchain. The Vault contract uses this price for every mint, redeem and liquidation.

Real dividends

Hold syn-Moutai.
Get paid like a real
Moutai shareholder.

When Kweichow Moutai pays its annual ¥30/share cash dividend, holders of real Moutai stock receive that cash. Shadow syn-holders receive an equivalent USDG payout, ex-dividend price adjustment happens automatically.

持有 syn-茅台,你的分红体验和持有真茅台完全一样 —— 现金到账 + 除权后仍持有代币

On-chain dividend flow
01
Real dividend declared
e.g. Moutai announces ¥30/share ex-date
02
Oracle pushes onchain
pushDividend(MAOTAI, 30, exDate)
03
Vault settles automatically
Minter USDG collateral → holder claim pool
The mechanism: Every syn-Moutai in circulation is backed by a CDP-style short position (over-collateralized USDG). When real Moutai pays a dividend, the oracle deducts the equivalent USDG from each short's collateral and credits it to holders. This mirrors how short-sellers in traditional markets pay dividends to lenders — Shadow simply enforces it on-chain.
Dividend pool · 3 funding sources
SOURCE 1
~60%
CDP minter collateral
做空者抵押
Every syn-token in circulation is backed by an over-collateralized short position. On ex-date, USDG is deducted from minters and credited to holders — same as real-world short-sellers paying dividends to lenders.
SOURCE 2
~30%
Protocol trading fees
平台交易费
Every mint (0.3%), burn (0.3%), and Launchpad trade (0.5%) contributes to the dividend reserve. High-volume periods → larger dividend cushion for all holders.
SOURCE 3
Reserve
SHADOW dividend reserve
SHADOW 储备金
Portion of the 20M SHADOW deployed at launch backstops the dividend pool. Ensures holders receive full dividends even if minter collateral is insufficient during volatile events.
When you get paid
什么时候到账
On the real ex-dividend date. Oracle pushes within minutes of official announcement. Ex-dividend price adjustment happens in the same block — zero drift from reality.
→ Same block as ex-date
How to claim
怎么领取
Portfolio page shows all claimable dividends across your positions. One click transfers USDG to your wallet. Unclaimed dividends accrue forever — no expiration, no rush.
→ /portfolio → Claim USDG
Corporate actions
股本变动
Stock splits, rights issues, and stock dividends handled by the same oracle push mechanism. Your syn-token balance automatically rebases — no action needed.
→ Auto-rebase
Worked example · Moutai 2025 dividend
You hold持有量
10 syn-MAOTAI
Real Moutai declares实际派息
¥30.88 / share cash dividend
Dividend per syn-token每 syn 应得
≈ $4.30 USDG each
Your dividend claim你可领取
43.00 USDG
Oracle price after ex-date除权价
¥1207.12 (was ¥1238.00)
Your syn-MAOTAI still worth持仓价值
~$1663 (same as holding real Moutai)

Dividend distribution launches with v1 (see roadmap). Contract: DividendDistributor.sol — audit-ready. Corporate actions (splits, rights issue, stock dividend) handled by same oracle push mechanism.

Fair launch on Pons · Team keeps zero

Team buys 5%. Burns 3%. Gives 2% to LPs.
Retains zero.

SHADOW launches 100% on Pons bonding curve. Team commits to buying 50M SHADOW — burns 30M instantly (supply drops to 970M), deploys the other 20M to LP mining and dividend reserve. Team wallet ends with zero.

团队在 Pons 曲线上买 5% (5000万),烧掉 3% (3000万),剩 2% (2000万) 给 LP 挖矿和分红储备金。团队钱包留 0 SHADOW。

50M
Team buys
30M
Burned instantly
15M
LP mining · 24 mo
5M
Dividend reserve
Roadmap

From a CDP vault to the global equity superhighway.

I
Live
Genesis
  • ■CDP Vault on Robinhood Chain
  • ■5 A-shares deployed, tradable
  • ■150+ tickers browsable, real-time K-lines
II
Shipping
Swap & LP Mining
  • ■Uniswap v4 pools for every syn A-share × USDG
  • ■SHADOW token launch — 30% supply to LPs over 1 year
  • ■One-click Launchpad opens for community projects
  • ■Top 500 A-shares onboarded
III
Next
Trustless Oracle
  • ■Pull oracle — zero routine gas
  • ■3-source zkTLS median via Reclaim
  • ■EIP-1167 clones → 5,000+ A-shares
IV
Planned
Corporate Actions
  • ■Auto dividend & split synthesis
  • ■Continuous proof-of-solvency
  • ■Tranched insurance fund
V
Planned
Global Expansion
  • ■Vietnam · Saudi · Pre-IPO (SpaceX / ByteDance)
  • ■Cross-chain: Base · Solana · Arbitrum
  • ■Institutional venue integration
Markets

73 listed A-shares

Ticker
Price
24h
KM
Kweichow Moutai
贵州茅台
···
—
Gujing Gongjiu
Gujing Gongjiu
古井贡酒
···
—
Jiangsu Yanghe
Jiangsu Yanghe
洋河股份
···
—
CA
CATL
宁德时代
···
—
BYD
BYD
比亚迪
···
—
Sunwoda
Sunwoda
欣旺达
···
—
Ganfeng Lithium
Ganfeng Lithium
赣锋锂业
···
—
Tianqi Lithium
Tianqi Lithium
天齐锂业
···
—
LONGi Green Energy
LONGi Green Energy
隆基绿能
···
—
Sungrow Power
Sungrow Power
阳光电源
···
—
SMIC
SMIC
中芯国际
···
—
AMEC
AMEC
中微公司
···
—
Hikvision
Hikvision
海康威视
···
—
GigaDevice
GigaDevice
兆易创新
···
—
Maxscend
Maxscend
卓胜微
···
—
Montage Tech
Montage Tech
澜起科技
···
—
SG Micro
SG Micro
圣邦股份
···
—
Accotest
Accotest
华峰测控
···
—
NAURA
NAURA
北方华创
···
—
ICBC
ICBC
工商银行
···
—
Agricultural Bank
Agricultural Bank
农业银行
···
—
Bank of China
Bank of China
中国银行
···
—
CCB
CCB
建设银行
···
—
China Merchants Bank
China Merchants Bank
招商银行
···
—
SPD Bank
SPD Bank
浦发银行
···
—
Bank of Communications
Bank of Communications
交通银行
···
—
Ping An Bank
Ping An Bank
平安银行
···
—
China Minsheng Bank
China Minsheng Bank
民生银行
···
—
Bank of Nanjing
Bank of Nanjing
南京银行
···
—
CITIC Bank
CITIC Bank
中信银行
···
—
Ping An Insurance
Ping An Insurance
中国平安
···
—
CPIC
CPIC
中国太保
···
—
China Life
China Life
中国人寿
···
—
PICC
PICC
中国人保
···
—
GF Securities
GF Securities
广发证券
···
—
CMS
CMS
招商证券
···
—
Mindray Medical
Mindray Medical
迈瑞医疗
···
—
Tigermed
Tigermed
泰格医药
···
—
Pharmaron
Pharmaron
康龙化成
···
—
WuXi AppTec
WuXi AppTec
药明康德
···
—
Zhifei Biological
Zhifei Biological
智飞生物
···
—
Fosun Pharma
Fosun Pharma
复星医药
···
—
Yunnan Baiyao
Yunnan Baiyao
云南白药
···
—
Aier Eye Hospital
Aier Eye Hospital
爱尔眼科
···
—
Great Wall Motors
Great Wall Motors
长城汽车
···
—
SAIC Motor
SAIC Motor
上汽集团
···
—
FAW Jiefang
FAW Jiefang
一汽解放
···
—
GAC Group
GAC Group
广汽集团
···
—
Yili Group
Yili Group
伊利股份
···
—
Shuanghui
Shuanghui
双汇发展
···
—
Gree Electric
Gree Electric
格力电器
···
—
Midea Group
Midea Group
美的集团
···
—
Oriental Yuhong
Oriental Yuhong
东方雨虹
···
—
Air China
Air China
中国国航
···
—
Daqin Railway
Daqin Railway
大秦铁路
···
—
East Money
East Money
东方财富
···
—
iFlyTek
iFlyTek
科大讯飞
···
—
Dahua Technology
Dahua Technology
大华股份
···
—
Sangfor
Sangfor
深信服
···
—
Kingsoft Office
Kingsoft Office
金山办公
···
—
AECC Aviation
AECC Aviation
航发动力
···
—
China Merchants Shekou
China Merchants Shekou
招商蛇口
···
—
Greenland Holdings
Greenland Holdings
绿地控股
···
—
Zijin Mining
Zijin Mining
紫金矿业
···
—
China Mobile
China Mobile
中国移动
···
—
Focus Media
Focus Media
分众传媒
···
—
Mango Excellent Media
Mango Excellent Media
芒果超媒
···
—
Cloudary
Cloudary
中文在线
···
—
Satellite Chemical
Satellite Chemical
卫星化学
···
—
New Hope
New Hope
新希望
···
—
Muyuan Foods
Muyuan Foods
牧原股份
···
—
Wens Foodstuff
Wens Foodstuff
温氏股份
···
—
Shanghai Port
Shanghai Port
上港集团
···
—