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— This year, @RobinhoodCrypto welcomed memecoins so well admist other financial primitives live and running. So far, it has passed $1B in TVL and hit a record of roughly $38M in weekly app revenue. Let's look at an experiment that pairs two infra's together "@Perpshood" which asks a simple question; what if a memecoin never had to sit “bare”? Sit tight while i put you through how this plays out, a working visual and what it actually does. > you and i launch a token on Robinhood Chain, and from day one it has a leveraged perp position living underneath it. > we pick a market (a crypto asset like ETH or a stock like NVDA), choose long or short, set your leverage, and deploy. > the token is a standard ERC20 with a fixed 1B supply and no mint function, so nobody can inflate it later. now, the engine behind it is a keeper, a bot that runs every 15 seconds which collects the coin’s trading fees, splits them by a fixed formula, and funds the perp position on Lighter. The position opens once the coin has built up $20 in fee share and each coin gets its own subwallet, so one coin’s position can’t drag another down. The fees split is the interesting bit; > 30% funds the perp > 30% goes to holders as dividends > 15% to the creator (you and i) > 15% to the protocol, which uses it to buy back its own token > 10% to the coin’s flywheel (either buyback and burn or buyback and LP) here are a few important little details to note on this; 1. when a position climbs past +25% in profit, the keeper automatically closes part of it and routes the proceeds out through that same structure. So the bet underneath the coin doesn’t just sit there, it pays out. 2. Coins launched elsewhere can point their fees at Perpshood’s flywheel, so you don’t have to relaunch. And you can pair a coin with a tokenized stock, which means holders get the quote asset’s volatility plus the perp’s on top. i love novelty tech especially amongst all the financial primitives onchain regardless and Robinhood’s official pitch is tokenized stocks, but memecoins are what’s driving the chain’s revenue right now for a few months. @Perpshood adds a 24/7 speculative layer on top of that and sends the trading volume to a perp venue, which is smart for the Robinhood ecosystem at large. which leaves the the bigger question to be "whether the meme layer can become a way to distribute more serious financial products instead of just being the end goal. The team behind this experiment is @KolkhetiLabs, is running the same idea on Solana with @PerpsPadfun. special s/o to our friends at @blocmates, they wrote an even deepr dive which you could read and digest well here: blocmates.com/articles/perps…