Utility token Weft is a utility token on Robinhood Chain for index perpetuals. Weft (WEFT) is a utility token on Robinhood Chain. It powers the creation and trading of fixed-weight index perpetuals built from tokenized stocks. The token supports leveraged long and short positions settled in USDG. Index perpetuals mechanic It bundles three to five tokenized stocks into fixed-weight indices for up to 5x leverage. Users select tokenized stocks such as NVDA or TSLA and combine them into indices with fixed weights. Each index tracks performance contributions from its components and allows leveraged trading. Positions settle in USDG on the chain. Launch and community Weft launched on Robinhood Chain with activity tracked on X. The project operates on Robinhood Chain and maintains an active presence via its X account. Recent updates detail live indices including Magnificent Five and Crypto Proxies along with performance breakdowns. Community engagement centers on these index products and their on-chain mechanics.

AI-written summary, not the project's own copy