Each market tracks a tokenized reference asset held by a qualified custodian. The oracle mesh publishes the reference price and the funding rate keeps the mark tethered to it. Reserve attestations are published weekly and verifiable on-chain.

One collateral pool backs every position you hold. The engine nets offsetting exposure, so a long in equities against a short in rates requires less margin than either leg alone, and requirements recalculate block by block as prices move.

Matching happens off-chain for speed, but every fill, margin change and PnL realisation is written to RobinHood Chain contracts within the same block window. Your position is contract state you can read yourself, not a database row we control.

Perpetuals stay open around the clock. When the underlying venue halts or closes, the market widens its band and raises margin requirements, and circuit breakers pause new leverage if the oracle mesh detects feed divergence beyond tolerance.

Fees are tiered by 30-day volume and the tiers are public. There is no negotiated rate card and no privileged order type. A maker rebate at a given tier is identical whether the account belongs to a fund or an individual.