Holding & claiming

Keep PASSIVE in your wallet

No staking or deposit is required. The calculation uses your wallet’s PASSIVE balance throughout each reward period. An eligible wallet does not need to stay connected to the website to be included in the calculation.

Connecting your wallet lets the dashboard look up allocations and lets you submit a claim. It does not start the holding period.

How your share is calculated

Holding weight = the sum of your PASSIVE balance × the number of blocks that balance was held during the period.

Your share = your holding weight ÷ the combined holding weight of all eligible wallets.

Your SPY allocation = the period’s SPY budget × your share. Amounts are rounded down to whole units of the token’s smallest denomination.

Example: a constant 1% holding

Suppose you hold 10,000 PASSIVE for the entire period, and all eligible wallets together hold a constant 1,000,000 PASSIVE. Your weight is 1% of the combined weight.

If 100 SPY is allocated to that period, your allocation is 100 × 1% = 1 SPY. The denominator is eligible holdings, not automatically the one-billion initial supply.

Example: joining halfway through

Consider a 100-block period. Alice holds 100 PASSIVE for all 100 blocks. Bob holds 100 PASSIVE for only the final 50 blocks. Assume they are the only eligible wallets.

Alice’s weight is 100 × 100 = 10,000 token-blocks. Bob’s weight is 100 × 50 = 5,000 token-blocks. Their combined weight is 15,000.

For a 30 SPY budget, Alice receives 20 SPY and Bob receives 10 SPY. Bob does not receive half of the rewards simply because their balances match at the end.

Buys, sells and transfers

The record is reconstructed from token transfers. Each balance change affects the wallet’s weight from that block onward. The calculation uses block counts rather than wall-clock minutes. Transactions within the same block do not earn additional holding time between them.

Buying after a period ends does not earn a share of that completed period. Selling or transferring later does not erase an allocation already published for the earlier holding period. The allocation remains attached to the original wallet.

Which balances are included

The calculation excludes the bonding curve, trading pools and designated protocol vaults. The published record lists the excluded addresses for inspection.

The calculation sees on-chain wallet balances. If tokens are held in an exchange’s pooled wallet, it does not identify each exchange customer’s individual balance. Smart-contract wallets can be included unless their address is excluded.

Claiming, step by step

1. Connect the wallet that held PASSIVE during the reward period.

2. Select Robinhood Chain in your wallet and check the available reward periods on the dashboard.

3. Select Claim SPY for an unclaimed period. Review the transaction and ETH gas fee in your wallet.

4. Confirm the transaction. Once it succeeds, that period is marked claimed and the SPY is sent to your wallet.

Each period is claimed separately in the current dashboard. A claim does not require approval to spend your PASSIVE.

Waiting to claim

The reward contract has no claim-expiry timer. Published, unclaimed allocations remain reserved for their named wallets. Claiming sooner does not increase your allocated quantity.

You can wait and claim later, including after selling PASSIVE. Waiting does not automatically compound SPY or increase your PASSIVE holding weight.

If no allocation appears

Check that you connected the wallet that held the tokens, that the relevant period has been published, and that the wallet had eligible holding weight within that period.

A current PASSIVE balance does not by itself establish entitlement to earlier periods. The dashboard shows published allocations, not an estimate of unprocessed rewards.