xStream

xStream is a permissionless protocol that splits tokenized stocks into dividend and price tokens, enabling separate trading of income and exposure.

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xStream

Monorepo for xStream Markets -- a DeFi protocol that splits tokenized equities (xStocks) into independent dividend (dx) and principal (px) tokens, giving income investors and session traders each exactly what they want.

Tokenized equities bundle price and yield into one instrument -- forcing income investors to absorb volatility they don't want, and traders to pay for dividends they'll never use. xStream separates them.

What it does

  • Vault -- Deposit any registered xStock; receive equal amounts of dx (dividend rights) and px (price exposure). Burn dx + px in equal amounts to redeem the underlying at any time.

  • Dividends -- All rebase-driven yield flows exclusively to dx holders via a gas-efficient accumulator. px holders receive zero dividend exposure.

  • Exchange -- px powers a session-gated leveraged exchange: long or short with USDC collateral, open only during NYSE hours. Positions settle at market close.

  • Auction -- dx holders can auction their dividend stream for a fixed term (DxLeaseEscrow). The highest USDC bidder leases the income rights; the seller receives upfront yield.

  • Frontend -- Next.js app: vault, markets, auction, portfolio. Wallet auth via Privy.

Who it is for

Long-term holders keep the dividends, sell or lease the price exposure, and earn yield on yield they were already leaving on the table.

Session traders get clean leverage with no dividend drag -- pay only for NYSE hours, nothing more.

The market gets primitives that don't exist anywhere else: equity income as a standalone asset, session-gated leverage, and auctionable dividend streams.

Deployments

Network Type Vault Exchange Escrow
Ink Sepolia (763373) Prod 0x9e35DE19e3D7DB531C42fFc91Cc3a6F5Ba30B610 0x924eb79Bb78981Afa209E45aB3E50ee9d77D1D0F 0xC18288E58B79fAac72811dC1456515A88147e85a
Ink Sepolia (763373) Mock 0xF0391bEACCA59d2a1A4A339af88dCDeAe210e6B6 0x859305A541536B1A2A3BFcaE05244DEAfdB1E167 0x662dc3B17696A688efd297D9DF5eFa4B21B607fB
Eth Sepolia (11155111) Prod 0xb9DA59D8A25B15DFB6f7A02EB277ADCC34d8B5a8 0xEaB336258044846C5b9523967081BDC078C064d6 0xC1481eE1f92053A778B6712d6F46e3BeaB339FD7
Eth Sepolia (11155111) Mock 0xE7e63166543CEAE1d389e38f8b3faee8129cAfC2 0xDbfA9BBdfAb52DCB453105D70c5991d3D1C0E34D 0xb2131C8384599d95d2Cdd7733529Bfd7B3c68375

Full asset-level addresses (pxToken, dxToken, lpToken per asset) are in contracts/deployments/.

Prod deployments use real Dinari xStock tokens (TSLA, NVDA, GOOGL, AAPL, SPY, TBLL, GLD, SLV) and the live oracle at 0x2880aB155794e7179c9eE2e38200202908C17B43.

Disclaimer

Smart contracts are experimental and unaudited. Use at your own risk. This repository does not constitute financial or legal advice.

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