Tech
How EquityX settles trades in <2s
5 min read
Every buy and sell mints or burns against the pool. No orderbook, no counterparty risk, no T+2.
Traditional equities settle T+1 or T+2 — your broker takes your order today, the shares actually move a day or two later. On-chain settlement collapses that window to a single block.
The flow
- You submit a buy from your wallet.
- The router quotes a price from live oracles and the on-chain pool.
- In the same transaction, USDG (or ETH) leaves your wallet,
SYMBOL.xis minted or transferred to you, and the position is final.
- Block time on Robinhood Chain is roughly 1–2 seconds. There is no clearinghouse, no back-office reconciliation, no next-day surprise.
Why there's no orderbook
EquityX uses AMM-style pools plus oracle-guarded quoting. That means you always get a fill at the current fair price, without needing a matching counterparty at the same instant.
It also means the protocol itself is the counterparty of last resort — collateralized by the reserve — which is why the reserve ratio and oracle set matter more than the identity of any single trader.
Trade-offs to be aware of
- Oracle latency: pricing quality depends on how fresh the oracle feed is. During volatile prints, slippage protection matters.
- Reserve health: if the reserve ratio ever drops below the target, redemptions may be paused. That's a design decision to protect solvency, not a bug.