Lighter and Robinhood Chain's Perpetuals Partnership: 12 Years in the Making

The partnership between Lighter and Robinhood Chain has been years in the making. According to Vladimir Novakovski, CEO of Lighter, the deal was '12 years in the making', a testament to the long-standing relationship between the two companies.

Lighter, a perpetuals exchange founded in 2022, has committed $11 million in its native $LIT token specifically for Robinhood community incentives. This move has already shown positive results, with LIT token climbing roughly 15% following the announcement, reaching a price of approximately $2.14.

The integration allows users to earn approximately 7% APY through Robinhood Earn, which is powered by Morpho. This partnership also represents a strategic pivot for Robinhood Chain, as it builds blockchain infrastructure and tokenized stock trading alongside 24/7 perpetuals access.