About Robinhood
Robinhood is a Nasdaq-listed trading platform used by millions to access stocks, ETFs, options, and crypto. Robinhood has launched the public testnet for Robinhood Chain, a financial-grade Ethereum Layer 2 built on Arbitrum and designed for tokenized real-world and digital assets. Robinhood Chain is intended to deliver the infrastructure required to build financial-grade decentralized applications within the Ethereum ecosystem, with the company committing $1 million in hackathon prizes to support its development.
How to Farm
- 1. Set Up Your Wallet
- 2. Claim Testnet Assets
- 3. Build & Operate
- 4. Join the $1M Open House Program
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Why Farm Robinhood?
Robinhood brings 23+ million users and serious institutional credibility to crypto. This isn't some anon team — they're Nasdaq-listed, SEC-regulated, and now building an Arbitrum Layer 2 specifically for tokenized real-world assets. The fact they're committing $1M in hackathon prizes signals they want builders, and builders need early users to test their dapps.
The play here is simple: Robinhood wants to bridge their massive TradFi userbase into DeFi. They need testnet activity to prove the chain works before mainnet launch. Early testers on chains like Arbitrum, Optimism, and Starknet got rewarded handsomely. Robinhood has deeper pockets than most crypto projects and a reputation to protect — they can't launch a chain then ghost the community.
Confidence is low because there's zero confirmation of a token. But the risk-reward is skewed in your favor. Testnet farming costs nothing but time. If they airdrop, you're positioned. If they don't, you lost a few hours. Given their user base needs an incentive to migrate on-chain, a token makes business sense.
Earning Strategies
Farm the $1M Open House Hackathon
Robinhood is dropping $1M on hackathon prizes to attract developers. The winning dapps need users to showcase functionality. Deploy testnet assets to these hackathon projects once they launch. Test every feature, provide feedback, report bugs. Early users of hackathon winners on other chains often got retroactive rewards.
You're not competing for builder prizes — you're positioning as an early power user. When judges see active users on a project, it strengthens that team's pitch. Some hackathon teams run their own airdrops for testers. You're farming two potential drops: the chain itself and the dapps built on it.
Deploy and Bridge Testnet Assets Across Functions
Don't just claim testnet tokens and sit idle. Robinhood Chain is designed for tokenized RWAs — stocks, ETFs, bonds brought on-chain. When testnet RWA minting goes live, mint everything available. Bridge assets back and forth between Arbitrum and Robinhood Chain using their native bridge.
Snapshot criteria usually rewards unique actions over volume. Mint different asset types. Execute swaps. Create test LP positions if testnet DEXs launch. The goal is showing you understand what the chain is built for. Projects track wallet behavior, not just balances.
Build a Testnet Reputation Score
Robinhood mentions 'Build & Operate' as a farming step. This suggests they're tracking builders and operators separately from passive users. If you can code, deploy a simple smart contract on testnet — even a basic token or NFT collection. If not, become an operator by running validator nodes if testnet staking opens, or operating bots that provide testnet liquidity.
Most airdrop farmers ignore infrastructure roles. Chains need operators for decentralization theater before mainnet. Base, Blast, and Scroll all weighted operators heavier than regular users. Get whitelisted for any validator programs. Run scripts that interact with the chain consistently, not just one-time actions.
Ecosystem & Related Protocols
Robinhood Chain is an Arbitrum Orbit L2, meaning it's a custom chain built using Arbitrum's stack. Think of it like how Xai and Sanko are also Orbit chains — same underlying tech, different focus. Arbitrum provides the settlement layer while Robinhood customizes the execution environment for financial applications.
This puts Robinhood in direct competition with other finance-focused L2s like Manta Pacific (RWA focus) and Mode Network (DeFi banking). But Robinhood has the unfair advantage of an existing user base that dwarfs the entire DeFi ecosystem. The ecosystem play is monitoring which protocols deploy on Robinhood Chain early. Uniswap, Aave, and other blue-chips will likely deploy once mainnet hits. Being an early LP or lender on these Robinhood versions could qualify you for additional protocol-specific drops on top of the chain token.
Risk Assessment
Biggest risk: no token ever launches. Robinhood is a public company with regulatory scrutiny. Issuing a token opens them to SEC enforcement, especially after they already paid $70M to settle previous crypto-related charges. They might decide the legal risk outweighs the benefit. The testnet could just be infrastructure testing with zero user rewards.
Smart contract risk is lower than usual because Arbitrum's stack is battle-tested with $15B+ TVL on mainnet. But Robinhood's customizations are untested. If you're bridging real assets to testnet, use burner wallets — don't connect your main wallet with real holdings. Team risk is minimal; they're not going to rug pull. Token unlock risk doesn't apply yet since no token exists. The real risk is opportunity cost — time spent farming this could go toward confirmed airdrops with better odds.
Frequently Asked Questions
What is the Robinhood airdrop?▼
How do I qualify for the Robinhood airdrop?▼
Is the Robinhood airdrop confirmed?▼
Is the Robinhood airdrop confirmed?▼
When is Robinhood Chain mainnet launch?▼
How much can I earn from Robinhood testnet farming?▼
Do I need to hold HOOD stock to qualify for Robinhood Chain airdrop?▼
What makes Robinhood Chain different from other Layer 2s?▼
This content is for informational purposes only and does not constitute financial advice. Always do your own research (DYOR) before participating in any airdrop or DeFi protocol.
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