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Robinhood Just Revealed Lighter's Master Plan

Robinhood's integration marks the first Lighter Domain, and a preview of how the zk perps DEX plans to scale.
Robinhood Just Revealed Lighter's Master Plan
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Robinhood Robinhood held its "The World is Flat" livestream event in London yesterday, during which the trading giant revealed a series of major updates, like the mainnet debut of its Robinhood Chain L2, the rollout of 24/7 Stock Tokens, a new USDG lending product, and more agentic trading possibilities.

Yet to me personally, the most interesting of everything announced wasn't a net-new creation, but rather a big meld, namely that Robinhood Wallet now offers in-app perpetuals trading, with the engine underneath being Lighter, the rising zk-powered perps exchange atop Ethereum.

Obviously, it's a major integration that bodes well for Lighter's future. But less obviously for those who haven't been following closely along, the collaboration marks the first piece of the blueprint that's come together for the perp exchange's next grand project, Lighter Lighter Domains.

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This vision can become a big deal, and this Robinhood Wallet news is the inaugural advance here because Robinhood isn't just plainly routing perps traders to Lighter's external platform. Instead, Robinhood's perps are being facilitated by a brand new Lighter instance on Robinhood Chain, customized to have quotes denominated in the Paxos Paxos "Global Dollar" USDG stablecoin and so forth.

And while this perps offering isn't available universally for now (e.g. U.S. and U.K. users can't access out of the gate), Lighter's U.S. posture is a likely sign of what's to come. As an exchange based in America with its token issued out of a Delaware C-corp, Lighter has a cleaner path into regulatory approval than offshore-first competitors. This status positions Lighter and Robinhood to become major onshore perps players once the regulatory dam finally breaks around this type of derivative.

In the meantime, Robinhood Wallet's offering zero-fee perps trading for the next three months, and Lighter's set aside $11M worth of its native LIT token for Robinhood users, distributed via a points system that will grant a 2x bonus for people who trade perps through Robinhood Wallet. These are goodies for the short term, but the detail that matters most for Lighter's future is that aforementioned "new instance" part.

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William M. Peaster

Written by William M. Peaster

1012 Articles View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.

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