LONG launches LongX, a protocol that converts Lighter perpetual exposure into auto-rebalanced leveraged ERC-20 spot assets on Robinhood Chain.
DeFi & Yields ·
LONG has unveiled LongX, a protocol that wraps perpetual positions from Lighter into self-rebalancing leverage tokens issued as ERC-20 assets on Robinhood Chain. An early alpha launched last week; the team plans to expand NVDA-linked leveraged assets this week while returning accrued value to the $AI token. The system lets users deposit USDG to gain leverage exposure—such as 3x NVDA—without manually managing a perpetual position.
LongX operates through four components: a minting and redemption contract on Robinhood Chain, a Lighter account that executes and rebalances the underlying position, a zero-knowledge verification layer that cryptographically proves account state, and DEX liquidity enabling secondary trading. By anchoring to Lighter, an application-specific ZK rollup native to Robinhood Chain, LONG avoids building its own derivatives engine and instead leverages Lighter's matching infrastructure and liquidity providers.
The resulting leveraged tokens become portable and composable—tradeable across DEXs, usable in other protocols, or integrated into new markets—while users retain direct mint-and-redeem exits against their share of the underlying position. Whether the full feature set will launch on the target timeline and how liquidity fragmentation affects execution quality remain to be demonstrated at scale.