“Spill the beans, man. What happened last week?”
Elon asked. Vlad answered: the beans were a $3,000,000,000 clearinghouse call at 3:30 in the morning. We rebuilt the clearinghouse. Lock your $SPILL and the beans get spilled to you in GME. Every hour for the first 24 hours, then every four hours, on a clock that starts at 3:30 AM Pacific.
- From
- The clearinghouse (NSCC)
- To
- Robinhood Securities
- Vlad said
- “an order of magnitude more than what it typically is”
- Resolved
- $1,400,000,000, in exchange for
Spill the beans, man. What happened last week? Why can’t people buy the GameStop shares?Elon Musk · Clubhouse · Jan 31, 2021
At 3:30 in the morning Pacific time we get a file from the NSCC… a request for a deposit of approximately three billion dollars.Vlad Tenev · Clubhouse · Jan 31, 2021
We restricted transactions for certain securities to position closing only.Robinhood newsroom · Jan 28, 2021
Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors CollideHouse Financial Services · Feb 18, 2021
While we’re building Robinhood Chain to be the best chain for RWA… it works great for memes too.Vlad Tenev · X · Jul 8, 2026
Three steps, about four minutes.
$SPILL lives on Robinhood Chain, so the first step is pointing your wallet at it. You need a little ETH to cover the network’s fees, plus some GME. That is the tokenised GameStop share, and it is what $SPILL is bought and paid in.
Get on Robinhood Chain
One click points MetaMask (or any browser wallet) at Robinhood Chain. Then bring a little ETH for network fees and some GME to trade with.
Buy $SPILL on Pons
Swap GME for $SPILL on Pons, the launchpad it lives on. Every trade pays 2%, and 1.7% of that comes straight back here to be paid out to whoever has locked in.
Open PonsLock it in
Lock your $SPILL here and you are in every payout from then on. Paid in GME, growing every second, yours to take whenever. The first time takes two taps, after that just one.
Lock it inEvery number here is read straight off the chain.
Nothing on this page is typed in by us. It refreshes every 30 seconds, and each figure links to a public record you can check yourself.
| # | When | GME in | To members | To reserve | Pressed by |
|---|---|---|---|---|---|
| loading… | |||||
Lock it, and get paid in GME.
Lock your $SPILL and you are in every payout from then on, sized to how much you locked, dripping to you over the following 4 hours. Leaving takes a day: ask to unlock, wait 24 hours, take it out. That wait is on purpose. It is the same delay that caused the whole story, and it stops anyone from grabbing a payout and dumping a minute later. You can also make a promise: lock yourself in until a date you choose, and if you want, send your own share to the reserve instead of pocketing it.
Your $SPILL is locked, not spent. It earns GME for as long as it sits here, and you get the same tokens back whenever you want: ask to unlock, wait a day, take it out.
Your $SPILL is gone for good and you take your share of the reserve in GME, once. This is the way out, not the way to earn, and doing it leaves more backing behind for everyone who stays.
What you have here
Connect your wallet to see what you have locked and what you can claim. No $SPILL yet? Start here.
- You have locked…
- Claimable GME…
- Unlocking…
- Promise…
- $SPILL in wallet…
Lock · promise · unlock
Amounts in $SPILL. Nothing here is destroyed. What you lock comes back to you when you take it out.
- 1Give permissionone time only, so the vault can move your $SPILL
- 2Lock it inthis is the one that starts you earning
Want to lock yourself in publicly? optional
This is for people who want to prove they are not going anywhere, and it is what the creator uses. Most people should skip it.
Read this part twice. A promise freezes everything you have locked here, not just the amount you type above, and not just what you add today. You cannot unlock any of it before the date, not by asking us and not by any button. You can move the date further out later, never closer.
Asking to unlock stops that amount earning straight away, and restarts the 24-hour wait on everything you have pending. A promise can be extended but never cut short. Nothing here can be taken from you. Every way out is a button only you can press.
Hand back $SPILL, take GME.
The other door, and it only opens outwards. Their phrase for switching off the buy button is our safety net. The reserve holds GME, and anyone can hand back $SPILL for their share of it. Fees keep adding GME while every hand-back removes $SPILL from the world, so the amount behind each token only goes up.
Cash out
This cannot be undone. The $SPILL you enter is destroyed for good. What you get is your share of the reserve: the reserve divided by every $SPILL in existence, rounded down, so the floor never slips.
- You receive… GME
- Reserve after…
- Backing after…
We restricted transactions for certain securities to position closing only.Robinhood newsroom · January 28, 2021 · source
This uses the $SPILL sitting in your wallet. If yours is locked, ask to unlock it, wait the day, take it out first. The reserve is fed by 20% of every payout, by anything that arrives while nobody has locked in, and by everyone who promised their share to it. Nobody can withdraw from it. The only way GME leaves is someone handing back $SPILL.
Watch us. Don’t take our word.
Two wallets, both public: the one that launched $SPILL and the one that takes the 10% running share. We are not asking you to trust a promise about either. Both are read from the chain every 30 seconds, so whatever they hold and whatever they do shows up here as it happens.
Launch wallet
- $SPILL this wallet holds right now…
- Of that, locked in…
- Frozen by a promise until…
- Its share of payouts goes to…
Said before it happens, not explained after. This wallet bought its position in the launch transaction itself, on the same curve and at the same price as anyone buying in the same second, with no exemption from the anti-snipe window. 1% of the supply is locked here on day one for a full year, and its share of every payout goes to the reserve instead of to us. The rest is sold to pay for hosting, the domain, promotion and paid listings. We are not publishing a price or a date for that, because naming one out loud only tells people when to sell ahead of it. What we do instead is put the wallet on this page and read it live, so you see what it holds and what it has locked the moment it changes, rather than whenever we get round to mentioning it. What the project runs on is the split, and no wallet on this page can change that: not this one, not the other one, not any that comes after.
Ops wallet
- Running share earned, not yet taken… GME
- What this wallet can dochange its own address · nudge the clock by up to an hour, once every 90 days · give 7 days’ public notice before moving future fees
- What it can do to your moneynothing
- Freeze, change or empty the whole thingimpossible
The running share is taken about once a month and said out loud when it happens. The list above is everything this wallet is allowed to do. There is nothing else, and no hidden switch.
What happened, with receipts.
Every claim links back to the original: the transcript, the newsroom post, the hearing record. Not a news article about them.
The clearinghouse asks for $3,000,000,000
The NSCC sends Robinhood a deposit request “an order of magnitude more than what it typically is.” Vlad is asleep. Hours later Robinhood restricts GME and others to position closing only. Robinhood newsroom · CNN on the 3:30 am call
“Spill the beans, man.”
Elon Musk grills Vlad Tenev on Clubhouse. Vlad explains the $3B call and that it was negotiated down to $1.4B in exchange for the restrictions. Full transcript · Recording
“It’s time for real-time settlement.”
Two days after Clubhouse, Vlad names the cause: the T+2 settlement cycle, which is why the clearinghouse could demand $3B overnight. He asked for real-time settlement and did not get it. The industry moved to a one-day wait in May 2024, and the SEC’s own rule names the January 2021 meme-stock episode as one of its two reasons. That one-day wait is what we borrowed. Robinhood newsroom · “It’s time for T+2 to go.”
“Game Stopped?”
House Financial Services hearing. Vlad testifies, apologises, and a congressman plays him 12 seconds of Robinhood’s support line that ends in a hang-up. docs.house.gov · Written testimony (PDF)
Robinhood Chain. GME as a token. Us.
Robinhood launches its own chain with tokenized stocks, Vlad says it “works great for memes too”, and the pair token of $SPILL is the very stock the buy button was turned off for. The tweet
Take these.
1200×675, ready for X. Tag @SpillTheBeansRH and we repost.
The beans get spilled on the clock.
Every hour for the first day, then every four, starting at 3:30 AM Pacific, the minute the file landed. Lock in before the next one and you are in it. No sign-up, no permission, and nobody who can switch it off.
The ones people actually ask.
More detail, the full mechanism and how to check every number is in how it works. Everything that can go wrong is in terms and risks.
Do I have to do anything to earn?
Yes, one thing: lock your $SPILL in. Tokens just sitting in your wallet earn nothing. Once locked, your GME starts growing every second and you can take it whenever you like. Nothing ever expires.
Can you take my tokens?
No. There is no pause button, no way to change the rules later, and no “emergency” function to move your money. Every way out, whether that is claiming, unlocking or cashing out, is a button only you can press. Our wallet can change its own address, nudge the clock by up to an hour, and give seven days’ public notice before moving future fees. That is the whole list, and none of it can touch what you locked.
What is the difference between locking and handing back?
Locking puts your $SPILL aside and returns the same tokens when you leave, a day after you ask. Handing back destroys them for good in exchange for your share of the GME reserve. Locking is how you earn; handing back is how you leave, and it only makes sense when the market is paying you less than the reserve would.
Is handing back the same as selling?
No. Selling means swapping your $SPILL with somebody on the open market, where the price moves against you as you go and a big sell drags it down for everyone. Handing back is not a trade: there is no other side, no price impact and no slippage. You get an exact, known amount, which is your share of the reserve, and your tokens stop existing. Normally it pays far less than selling. If the market values the whole supply at $500,000 while the reserve holds 400 GME, the market is paying roughly 57× what the reserve would; handing back there would throw away about 98% of your value. It is a floor under the price, not a fair-value exit.
What if the reserve cannot cover everyone?
It always can, because you only ever get your share, never a fixed amount. Hand back 10% of all the $SPILL in existence and you get 10% of the reserve. The reserve shrinks by 10% and so does the supply, so what is behind each remaining token is exactly the same as before. Hand back everything and the reserve pays out to the last token and lands on zero, owing nobody. There is no promise of a fixed price that could be broken, which is why it cannot be run on. The one risk that is real sits a level below us: GME itself is Robinhood's token, and Robinhood can pause or restrict it.
Why GME and not a stablecoin?
Because GME is the whole point. It is the share the buy button was switched off for in January 2021, and you get paid in it. The flip side is real: GME's own price moves change what your payout is worth, and Robinhood can restrict or pause that token. This project cannot remove that risk, so we would rather you know about it now.
How often do I get paid?
Constantly. New fees are released on a schedule: every hour for the first day, then every four hours. What you can claim grows every second in between. There is no deadline to claim and nothing is ever forfeited.
Has this been audited?
No, and we would rather say so than dress it up. It has been tested line by line, run against a copy of the real Robinhood Chain using the real GME token, and scanned by automated security tooling with nothing serious found. That is still not a professional audit. Treat it as what it is, and read the rules yourself before locking anything up.