Obit Circle Rebate

Obit Circle Rebate is an independent rebate protocol operating on Robinhood Chain. Its core offering is $OBIT staking: users stake tokens and receive sOBIT one for one, after which their staked balance grows automatically at eight-minute epochs. Rewards are minted into the staking pool rather than claimed, and the protocol describes its fixed rebate rate as 0.0056875% per epoch. The stated returns are token-based, not dollar-denominated, and depend on the rate continuing; unstaked holders are diluted as supply expands.

Users can acquire $OBIT through the public market and stake it, or optionally bond ETH or USDC to the treasury in exchange for discounted $OBIT vested over five days. The treasury publishes backing information, while an epoch bot is intended to report protocol activity publicly. The project says its contracts are verified on-chain and that a custody audit is planned before bonds accept deposits; it also states that it is unaffiliated with OlympusDAO and Robinhood.