Why Robinhood Chain Uses ERC-8056 for Stock Tokens
Stock splits and dividends update an internal UI-multiplier instead of minting or burning your balance. Here's what that means for the numbers you actually see.
If you hold a Stock Token or ETF on Robinhood Chain and the underlying company does a stock split or pays a dividend, your token balance needs to reflect that -- but minting or burning tokens directly across every holder's wallet is exactly the kind of operation that's easy to get wrong at scale. ERC-8056 (Scaled UI Amount) is the standard Robinhood Chain uses instead.
The short version
Rather than changing your raw token balance, the token contract updates an internal UI-multiplier. Your raw balance stays exactly the same on-chain; what changes is the number that multiplier tells wallets and apps to display. QUVR's watchlist and portfolio always show you that adjusted, human-readable amount -- you don't do any math yourself.
A concrete example
Say a Stock Token does a 2-for-1 split. The contract emits a UIMultiplierUpdated event on-chain, doubling the multiplier. Your raw balance is untouched, but every app reading that event -- QUVR included -- now displays double the units at half the per-unit price. Net position value doesn't change; only how it's split into units does.
Why this matters to you
QUVR reads corporate actions directly from that on-chain event, not from an off-chain data feed someone has to keep updated. If you see your Stock Token balance change on a split or dividend day with no transaction of your own in your wallet's history, this is why -- it's expected, not a bug, and it's independently verifiable on-chain by anyone.