[ Documentation ]
Eight documents
HOH® is a private investment protocol on Robinhood Chain. It gives on-chain access to late-stage private technology companies — exposure that has otherwise only been reachable through an institutional allocation. Capital is organised into 10 vaults. Each vault is one strategy with its own mandate, its own risk budget and its own portfolio. These pages describe the mechanism: how a vault works, what a risk tier commits you to, how capital enters and leaves, how a position is valued, and what any member can verify without asking anyone.
Capital deployed
$1.94B
Vaults
10
Active positions
24
Carrying mark
1.38×
[ Contents ]
8 documents · read in order or jump
01
What the protocol is
A private investment protocol on Robinhood Chain. On-chain access to late-stage private technology companies, organised into ten vaults, each with its own mandate and its own risk budget.
The model
Four layers
The book today
What it is not
02
Ten mandates
A vault is one strategy, one risk tier and one portfolio. The ten differ in what they buy, how long they hold it and what a loss inside them can reach. The full table, with deployed capital, carrying mark and position count.
What a vault is
The ten
Capacity
Choosing one
03
R1 Sovereign to R5 Frontier
Every vault carries exactly one tier, and it is stated on every surface the vault appears on. What each tier means in practice, what a member is accepting at each level, and how a tier is assigned.
The five tiers
What you accept
Isolation
Reading the ramp
04
How to participate
Capital moves on epoch boundaries and never between them. What happens in a window, what a member ends up holding, and how that position is represented on chain.
Epoch windows
The window
What you hold
Capacity
05
How a position is valued
A position is carried at the round that priced it, never at a model. The book marks at 1.38× cost. What gets published, when, and how to read the performance figures without being misled by them.
The marking rule
Flat marks
What is published
Returns
06
How a position leaves
Four exits have returned $412M. Principal routes back to Reserve, gain routes to Compound. Lock-ups run from same-epoch to 84 months, and outside Reserve there is no early exit.
Realisations
Where money goes
Lock-ups
Illiquidity
07
What can be verified
The claim is on chain. The company is not. What is attested, how often, what a member can check without asking anyone, and what an attestation does not prove.
The split
Attestation
Verification
Governance
08
The blunt questions
Who can join, what the fees are, what happens when a company fails, whether a position can be exited early, and how companies are chosen.
Access
Fees
Failure
Selection
[ Where to start ]
If you are considering an allocation
Start at Risk tiers
The tier is the first decision. Everything else follows from it.
If you want the mechanism
Start at Allocation
Epoch windows, what a member holds, how it settles.
If you are checking the numbers
Start at Marks & reporting
How a position is valued and what is published against it.