How Robinhood Perps Are Different and How That Affects the Trading Math @UnchainedCrypto
How Robinhood Perps Are Different and How That Affects the Trading Math  @UnchainedCrypto
Uploaded July 2026 | Updated September 2026, 3 weeks ago
Vlad Novakovski, founder and CEO of Lighter, walks through how his platform ended up powering perpetual futures inside Robinhood Wallet, tracing the partnership back to a high school friendship, a 50/50 revenue split, and the collateral risk built into using USDG.

Host:
πŸ‘‰ Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin

Guest:
πŸ‘‰ Vlad Novakovski - Founder and CEO of Lighter - https://x.com/vnovakovski

This clip is from a longer conversation on Lighter's Robinhood Chain partnership and the future of onchain perps. Full episode here: youtu.be/kx4Sgy2TLh4

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Chapters
🀝 00:00 Robinhood Chain's big announcement and the question behind it
🏫 00:39 Why Novakovski calls this deal '12 years in the making'
πŸ’Έ 01:53 How the 50/50 revenue split with Robinhood actually works
πŸ”€ 02:12 How trading on Robinhood Wallet differs from Lighter's own app
βš–οΈ 03:32 Does USDG as the shared quote asset fragment liquidity?
πŸ›οΈ 04:54 When decentralized perps might actually land in the US
⚠️ 06:30 Pricing the risk of USDG as collateral for market makers
πŸ’¬ 09:36 How Lighter's Telegram Wallet integration is performing

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#bitcoin #ethereum #crypto #cryptocurrencies
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How Robinhood Perps Are Different and How That Affects the Trading Math

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