$BACKED update 🔥

I still believe this will be an important project in RH

They launched Backed Perps in partnership with Lighter_xyz and
rialto_xyz
→ It operates with cryptocurrencies, stocks, and risk-weighted assets (RWAs) with up to 50x leverage.

90% of the fees from each trade are used to purchase real stocks. These stocks go directly into the backing reserve. This means that every trade you make not only incurs fees but also strengthens the foundation of the entire protocol.

Reserve value
$50.970
Real stocks backing the token

0x7168563B0E70124f0C7c0cF2F13a8D1861BAf4A5

https://dexscreener.com/robinhood/0x537217eb9534d5d606bff54f8b807df65ce48678877ee3151f92f26bb94c1243