LongX pilots early alpha turning Lighter perp exposure into composable leveraged ERC20 assets

LongX piloted its early alpha last week, converting Lighter perpetual exposure into transferable ERC20 leveraged spot assets, and plans to expand NVDA-related leveraged assets this week while accruing value to $AI. The system has four components: a mint/redeem contract on Robinhood Chain, a Lighter account managing the leveraged position, ZK verification of position state, and DEX liquidity for secondary trading. Deposits in USDG maintain a target leverage, e.g. 100 USDG into an NVDA 3x asset. Users can also mint and redeem directly for their pro rata share of underlying value.

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