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SPY REWARDS / PASSIVE BUYBACKS

Hold PASSIVE,
Collect SPY

Hold PASSIVE in your wallet. Collect SPY rewards from trading activity. Buybacks purchase PASSIVE and place it in five-year vesting locks.

Explore your rewards ↗How it works →
Passive InvestorPASSIVE / SPY
MEET SPY

SPY is State Street’s SPDR S&P 500 ETF Trust, tracking the S&P 500 index of large U.S. companies. Rewards use Robinhood’s SPY Stock Token.

THE PASSIVE FLYWHEEL

Trade. Reward. Repeat.

Explore buybacks ↗
Trading generates SPY-denominated creator revenue; wallet holders claim SPY rewards; PASSIVE is bought back and locked with five-year vesting.
01

Trading creates rewards

A 0.25% creator tax directs SPY-denominated revenue to the reward vault.

02

Holding earns your share

Wallet balances and holding duration determine each reward allocation. Claim SPY when an allocation is available.

03

Buybacks lock PASSIVE

PASSIVE is purchased from the market and held in a vault with five-year vesting.

/ YOUR WALLET /

Hold PASSIVE. Claim SPY.

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ETH for gas

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Wallet PASSIVE

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Claimable SPY

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Connect your wallet to check rewards. No staking required.

PASSIVE stays in your wallet. Allocations use published holding-period snapshots. Claim gas is paid in ETH.

KNOW WHAT YOU HOLD

The details, in five short guides.

Read the docs ↗