The borrow desk and short interest tape for Robinhood Chain.
Squeeze lets tradersbagholdersfundsdegensanyone borrow, short, and price fear on 50,000+ Pons tokens.
observe() call on the live pool.
Reproduce it: node indexer/verify-oracle.mjs
| Token | Setup | Pool ETH | Holders | Obs. | 5m/30m |
|---|---|---|---|---|---|
| loading… | |||||
This is the actual output of the indexer in this repo, reading Robinhood Chain. Every market is checked against the listing criteria in the spec — nothing is hand-picked.
Squeeze covers three markets — $PONS, $CASHCAT and $AI. Half this page renders live chain data for them. The other half is a mockup of a protocol with no deployed contracts. Every panel says which it is.
Real. An indexer reads pool reserves, holder counts and the oracle buffer from Robinhood Chain, checks each token against the listing criteria, and computes a Setup Score. Runs from this repo with no API key.
Real. verify-oracle.mjs pulls both TWAP windows out of a live pool and rejects any pool whose observation buffer is too shallow to produce a genuine average.
Mockup. No contracts are deployed or written. Short interest, days to cover, utilization and borrow rates do not exist yet — and are shown as blank rather than filled with plausible numbers.
Earmarked, not funded. $25,000 is intended to seed the first vault and the Backstop Fund. No contract holds it, nothing has been deposited, and it will not appear in any live panel until both are true.
Shorting thin markets is genuinely dangerous. Every parameter in this protocol exists to survive the first row of this table.
A 10× in thirty minutes can outrun liquidation and leave bad debt. Mitigated by conservative borrow caps that scale with the square root of pool liquidity, 150% initial margin, and the Backstop Fund. This is the most likely way the protocol dies.
No supply means no shorts and no product. Seeded from the treasury at launch and targeted first at tokens where holders are already desperate for yield.
Dual-window TWAP plus a manipulation cost floor: a token only lists if moving its price 50% costs more than the total collateral at risk in that market.
If the Backstop Fund is ever exhausted, the remaining bad debt falls on lenders in that specific vault — never protocol-wide. Written here rather than buried in the docs, because that is how you keep a protocol's reputation.
Nothing bad. You lend tokens and you get tokens back — if it goes to zero the short buys them back for dust and returns them. In token terms you are whole, and you keep the ETH interest on top. Lenders are structurally protected against the exact scenario they fear most.
Not with one transaction. Liquidation requires both the 30-minute and the 5-minute TWAP to breach the threshold, so a single-block spike does nothing except cost the attacker money in slippage. Sustaining a fake price for thirty minutes against arbitrage is a different and far more expensive problem.
Right now, none — the Desk does not exist. When it does: any token that graduated on Pons with liquidity locked in the Uniswap V3 pool it launched in, holding at least 30 ETH of liquidity and 500 holders, more than 72 hours past graduation, with an observation buffer deep enough for a genuine 30-minute TWAP, and clearing the manipulation cost floor.
The indexer already evaluates every one of those criteria against live chain state — five markets currently pass. Listings would be curated by the team in v1 and permissionless with automatic caps in v2; we would rather say that plainly than pretend v1 is already trustless.
No. It is a collateralised borrow market — you borrow the actual token and it is actually sold into the actual pool. Real supply leaves the float, which is exactly why the short interest number means something. Synthetic perps would produce a number nobody could trust.
No, and most people won't. Today the Tape publishes what can actually be measured without a borrow market: pool depth, holder counts, oracle depth and the gap between the 5-minute and 30-minute TWAP, combined into a Setup Score. It is free, public and needs no wallet.
Short interest, days to cover, utilization and borrow APR are shown blank — not because the feature is unfinished, but because those numbers are meaningless until real supply is being borrowed and sold. They arrive with the Desk, not before.
Ten percent of all borrow interest goes to the protocol. Eighty percent of that buys back and burns $SQUEEZE; twenty percent funds the Backstop. Staking cuts your borrow rate in tiers and gets you early access to new listings. No governance theatre — two benefits you can price in ETH.
Five markets on Robinhood Chain currently clear every listing criterion. The script that decides that is in the repo — run it yourself.
Squeeze is an independent protocol on Robinhood Chain. Not affiliated with, endorsed by, or connected to Robinhood Markets, Inc. or Pons. Shorting leveraged positions in illiquid markets can result in total loss of collateral. Figures shown on this page are illustrative.