---
name: pare-stocks
description: Full deep dive on PARE / PareStocks (parestocks.com), the "Pendle for tokenized stocks" PT/YT splitter on Robinhood Chain, screened 8 Sep 2026 off the @graildoteth all-in post. Read before any PARE, Fletch, SYIELD, Pendle-on-Robinhood or stock-dividend-strip question.
sources: [cowork]
aliases: [PARE, PareStocks, parestocks, pare-token, stock-dividend-strip]
---

# PARE / PareStocks, screened 8 Sep 2026 03:47 UTC. NOT the same token as PAR / par.family ([[par-family]]).

- [stated] Ben pasted the contract 0x15d36B6A28d8327ABc7aFABF0F106AE2c9Af5C4d plus the full text of a long X post ("retire my bloodline", "HOOKR and PARE are my main positions", "sinking my entire portfolio balls deep into PARE") as a deep dive request

## Identity
Token PARE, Robinhood Chain, 0x15d36B6A28d8327ABc7aFABF0F106AE2c9Af5C4d, PonsV2LauncherToken (verified, 3,248 bytes, no mint/pause/owner/blacklist/setFee/proxy, ERC20Burnable only), supply 1,000,000,000 fixed. Launched 2 Sep 2026 23:31 UTC via Pons factory 0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e, curve 0x0de1081a96191a5f1c7fe387846830e85b4f4cc0 (feeBps 100, creatorTaxBps 200). Deployer EOA 0x854Dba23bE5cA2B647855ab32a38F635e5277022, funded 2 Sep 10:47 by hot wallet 0x88d25c861938a91af4ad57ad964a8fcc6c6351d3 (6,456 recipients, exchange or bridge, unresolved). X @PareStocks created 2 Sep 09:06 UTC, 3,396 followers. Anon team.
Protocol contracts (all verified, none proxies): StripVaults AAPL 0x4C3B4CDd55b2E9e60eefcD93234A77D4AD53e365, SPY 0x38EAE2c04F65861cD17914100125826de2b735c7, QQQ 0x16daFbB03C4EF20967043185255532A8cadf79Ba, PFE 0x0Fd9c2DCABf7780D051a519c654eb13Afec5a975, SCHD 0x3a6A3621C42A68fcA176AB907AB25896484EcCD8 (parked). Treasury 0x843F20443331954CE1819236e281cc39d3118912. Morpho oracle 0xA5d188944e489FaF68012C618f6882bf0514031a. Nine MultiplierAccountants (AAPL 0x7e1833e3F33863E56ccf7F2bb817EB8095BF5090 etc): DEFAULT_ADMIN, GUARDIAN and CLASSIFIER roles ALL held by the deployer EOA, no timelock contract exists, only a 2 day guardianDelay on gap-band resolutions.

## THE NUMBERS THAT DECIDE IT (8 Sep 03:47 UTC, price $0.01068, cap $10,681,296)
- **Vault TVL $13,035** (AAPL 5.80 sh, SPY 8.51, QQQ 3.51, PFE 73.6). Caps 1,000 shares per series (PFE 10,000, the X claim "1,000 each" is false). Fill 0.35% to 0.85%. **60% of all deposits are the team's own.** Cumulative deposits ever $22.9k. PT/YT pools hold ~$24.7k, nearly all team seeded.
- **Protocol revenue lifetime $22.87** (10 bps split fee in stock). Treasury holds about $70. YT 5% drip fee: no maturity until 26 Mar 2027.
- **Burns: ZERO. Buybacks: ZERO.** totalSupply exactly 1B, nothing at dead or 0x0. Deck: buyback is "assumed", "at the treasury's discretion", "$PARE is not a share and not a claim on revenue". Docs §08: fee tiers, listing votes are "roadmap, not current utility, none implemented".
- **The real cash: deployer claimed 92.90 ETH (~$230,500) of Pons creator fees from PonsV2FeeEscrow 0xd3AFEB2a57f70eF218Aa82451c51B2fb0416Ac9e in 54 claims (3 to 7 Sep).** Holds 73.05 ETH. ~10.9 ETH went to stock buys and pool seeding, ~11.4 ETH ($28k) left via bridge-like contracts 0x19ba492a2fa0734f4b44c139dff4fbaca48907d6 and 0x4cd00e387622c35bddb9b4c962c136462338bc31. None bought PARE.
- **Team "2.26% locked": 22,573,888.76 PARE in RobinhoodLocker 0xD0f7d8c6e9f6D80c297bEbe4F7fD1B9C8125C32F, lock 191, unlock 1 Dec 2026 23:44 UTC.** It was BOUGHT from the curve in the launch tx for 0.0405 ETH (~$100), a dev snipe, not an allocation. Pons launch locker 0x267444D099b10fB5Ed7c3Cc7B7c767AdcA574952 holds 8.16% permanently.
- Morpho Blue on RH 0x9D53d5E3bd5E8d4Cbfa6DB1ca238AEA02E651010, market 0xb3c8e5e13e9d30cb7365097ab97d22cadd755bad1a7e530a43eca99770d28523 (pSPY/USDG, LLTV 62.5%): 100 USDG supplied and 100 borrowed, both by the deployer. A $100 demo.
- Audit: Pashov 7 to 9 Sep claimed by the team, nothing from @PashovAuditGrp found. UNRESOLVED.

## Market shape
ATH **$27,271,194 at 7 Sep 08:00 UTC** (hourly close, v4 pool 0x17e3cd4ed56de44f256f1ae8dcd73900b0a61594a4523eb58f0764b57a257167). Post-ATH low $8,006,219 at 18:00 same day. Screen: -61% off ATH, +33% off a low that is 10 hours old, h1 -20.8%, h24 -31.8%. Liquidity $874k across 19 pairs, v24 $6.45M, turnover 0.6x. Holders 4,081 (Blockscout), rising from ~2,500 on 5 Sep while price fell: holders held, whales did not.
Seller ledger (147,195 legs, 43 venue set): 898 wallets finished; 15 active mid-exit hold $439k, 15 paused hold $499k; biggest 24h dumps 0x32f6338506c372e75ade980d782f577183116b6c (22.1M, contract) and 0xff66acbe5969f6bacbb4afc33e1f2c19ef74ca22 (10.7M, 100% out). Big holders quiet: 0xa988002CDdE8101d214BD3be92364F07dc11Ad8B 30.4M (sold 12.1M, none in 24h), unipcs 0x0a6EBEd0155EDB4b21D92AD02897A626CD90119E 13.08M never sold, 0x56E95b47A07210f1eA9fA418C7c5DC164C419Ac0 17.5M never sold. The suspected fomosaurus wallet 0x643798a32806d6571daf5b664012409aeba11e0e bought 21.9M in the launch minute and sold 100%, contradicting his 7 Sep "still valued ~$100k" post: another point against that wallet being his.

## Competition: the "only ones in it" claim is FALSE
- **Pendle launched on Robinhood Chain 7 Sep 2026** (@pendle_fi 02:14 UTC, 63k views; "tokenized stock dividends" 14:46). DefiLlama already shows Pendle Robinhood Chain TVL $450,844 on day one, 35x PARE. Pendle global: cap $380M, TVL $670M, 30d revenue $838k.
- Fletch 0x3450598e419abb5609f60e4b2fda127ff0897777 (@FletchFinance, live since 13 Jul 2026, same PT/YT on SGOV/SPY/USO) cap $95,784. StockYield SYIELD 0x3dc62e011924d700295eaaff329a21dc8d9091f1 cap $118,341. Verona 0x3d0ef79957d2f7114a7c5fc0ca9f13f19c342764 (29 Aug, rugged) and HDFI 0xe572163f928dc223ddbbde611e367116a5279d41 (1 Sep, rugged) were the same pitch. Deployer graph: four different EOAs, four different hot-wallet funders, no shared address with PARE. The HDFI same-team allegation is unproven.
- Spectra (the Pendle also-ran) $2.1M cap on $35M TVL.

## X (1,206 posts, 455 authors, 2 to 8 Sep)
Author of the all-in post: **@graildoteth (76,237f), 7 Sep 07:40 UTC, 93k views, posted in the ATH hour.** His own earlier posts: bought ~$25k at $1.2M, "sold 17% to recoup my initial 25K + 15k profit" on 3 Sep, rotates his whole book every few days (NUDES to DTF to PARE), "rugged 4x" on infra coins. Mix: 225 price claims, 131 product claims, 76 team posts (6.3%), 93 bot spam + 62 vote spam, 63 competitor attacks, 44 genuine exits/doubts, 21 phishing. Largest amplifier @_Jaredad (253k f, "BILLION MARKET CAP", 167k views). Tier one: zero from blknoiz06, theunipcs, pingucharts, CrashiusClay69, 0xkioto, _0xghost_, metaversejoji, dontbuytops, 0xuberM, MCGlive. fomosaurus 8 posts (first buys $20k to $40k cap). thejbullmarket neutral mention. @Inj_pumping closed his position 7 Sep and is listed as the project contact on hoodscan.

## Frames, 8 Sep
- Frame 1 fundamental anchor **$0 to $0.1M**: $13k TVL and $23 of lifetime revenue. Even Pendle's own 0.57x cap/TVL gives $7k. Floor reference only.
- Frame 2 live-product floor **$1M to $3M**: live, verified, non-upgradeable, non-scam, unproven (TWO $1.0M, PAR $1.7M, INJOH $2.3M, HKRS $0.9M). PARE at $10.7M is 3.5x to 10x above the band.
- Frame 3 narrative ceiling **$13M to $18M** (DELTA $13.3M with $1.06M/yr measured revenue, PAIR $15.4M with $250k/day burns, HOOKR $18.0M). Those are backed; PARE is already at the ceiling on $23 of revenue. Global ceiling Pendle $380M is backed by $670M TVL: PARE would need 51,000x its TVL.
- Toll booth: 10 bps on deposits plus 5% of dividend drip (SPY yields ~1.2%, so ~6 bps a year on TVL). Chain 10x and PARE at 10% of chain TVL = ~$1.5M/yr = $7M at PONS's 4.7x. The token already prices past that scenario.
- Category: infrastructure, no automatic payout, discretionary buyback that has never happened. Worst return bucket (+29% median).

## VERDICT 8 Sep: NO at $10.7M. Late, empty, and the real Pendle just arrived.
Steelman: clean verified contracts, real engineering (accountant classifier, Morpho oracle), fair launch, holders rising, $230k of creator fees means the team is funded to ship, and RWA yield-splitting on tokenized stocks is a real category with Pendle validating it by showing up.
Falsifiers / what flips it: (1) outside deposits (not the deployer) clear $1M of vault TVL, (2) a real market buyback tx from 0x843F20443331954CE1819236e281cc39d3118912 or the deployer, (3) the Pashov report goes public with no criticals, (4) a five day base above the $8.0M post-ATH low. Downgrade: Pendle's RH TVL passes $5M while PARE stays under $100k; the 22.6M lock moves after 1 Dec 2026.