Utility token Zelp is a utility token on Robinhood Chain for liquid yield products. Zelp (ZELP) is a utility token on Robinhood Chain. It powers a system where liquidity positions convert into tradeable ERC-20 YieldShares that users can hold, lend, or use as collateral. The token ties into yield distribution from vaults holding crypto and tokenized assets. YieldShare mechanics YieldShares represent claims on vault assets and accrue fees without lockups. Deposits into Zelp vaults produce YieldShares as standard ERC-20 tokens. Each share reflects a proportional claim on the underlying pool, with value increasing as fees are harvested. No withdrawal delays or epochs apply, and shares remain redeemable at any block for the on-chain price. Robinhood Chain deployment Zelp operates on Robinhood Chain with private routing for assets and stocks. The project runs on Robinhood Chain and includes private execution paths for crypto and tokenized equities. Yield from platform activity flows to ZELP stakers across vaults. Multiple live vaults support direct liquidity and routed positions such as USDG into lending protocols.

AI-written summary, not the project's own copy