Simon Profile picture
Jun 30 1 tweets 2 min read Read on X
everyone’s talking about robinhood launching staking and perps

but the real story might be what’s hiding in plain sight:
a 2% crypto deposit bonus that sounds insane…
until you realize it’s one of the most calculated plays in the market

let’s break it down:

robinhood launched the promo on june 24

→ deposit $BTC, $ETH, $SOL (not USDC)
→ get 2% back in cash
→ over $500M has already been deposited
→ so that’s ~$10M in bonuses paid out

sounds generous, right?

but robinhood charges 0.7% per crypto trade
if a user buys and sells once, that’s 1.4% in revenue
if they do it twice? 2.8% — robinhood is in the green

but here’s the kicker:

you only keep that 2% bonus if your account stays above the deposit value for 1 full year

if you rage quit early or withdraw while underwater, robinhood claws it back
market volatility doesn’t cancel your bonus — your behavior does

this isn’t just a promotion. it’s a behavioral lock-in:

→ if you hold $BTC at $107.5K, $ETH at $2.5K, or $SOL at $155, and $HOOD is your custodian…
→ you’re now incentivized to sit still
→ or, better for them: stake, trade, or use their upcoming perps platform...

and that’s the real genius
the 2% “bonus” is actually a liquidity capture funnel

→ get users to move funds
→ extract a fee or two
→ lock them in with a time-delayed incentive

degenerates might hate the 12-month leash
but robinhood isn’t just betting on patience

they’re betting you’ll trade, leverage up on perps, stake, or even gamble on sports through their @Kalshi integration
and probably lose money doing it

worst case? you sit still — they earn off your AUM
best case? you churn fees, tilt, and forfeit the bonus anyway

they’re not just launching new products
they’re building a trapdoor for idle capital
and quietly monetizing the next wave of crypto-native flowImage

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More from @simononchain

Apr 14
While everyone's focused on $HYPE, a lesser-known protocol has quietly processed $1B+ in volume.

Meet @hyperunit: the tokenization layer behind Hyperliquid's native BTC/ETH spot markets, capturing 50% of fees and positioned for crypto's next major token launch.🧵
2/ What is HyperUnit?

It's the asset tokenization layer enabling native BTC & ETH deposits & withdrawals on Hyperliquid.

Unit provides the infrastructure allowing these assets to flow between their native blockchains and Hyperliquid's ecosystem.

But that's not all… Image
3/ HyperUnit doesn't just bridge assets - it deployed the native spot BTC and ETH markets on Hyperliquid and captures the fees.

UBTC: 0x8f254b963e8468305d409b33aa137c67 UETH: 0xe1edd30daaf5caac3fe63569e24748da

With deposits exceeding $1 billion and daily trading volumes well over $40 million, the market is clearly catching on.
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