Overview

System Overview

Stove Protocol enables 1:1 tokenization of listed stocks through a hybrid off-chain/on-chain infrastructure. Orders are created off-chain, executed by licensed Takers, and settled on-chain with transparent mint/burn operations.

Key Components

Component	Role
RFQSettlement	Verifies signed orders, executes on-chain settlement
StockTokenManager	Mints/burns tokens, handles corporate actions
StockTokenFactory	Deploys deterministic tokens (CREATE2)
Vault	Custody for dividends, splits, and delistings
Permit2	Gasless token approvals
Timelock	Protects sensitive upgrades and parameter changes

Execution Flows

• Mint: Taker buys real stock, locks custody, triggers mint.

• Redeem: Taker sells stock, unlocks custody, triggers burn.

• Corporate Actions: Manager updates tokens to mirror real-world events.