Robinhood Crypto’s official X account, @RobinhoodCrypto, publicly welcomed a relatively niche ecosystem protocol, @metricxyz—a fairly rare occurrence.
I believe Metric earned this recognition because its focus aligns closely with RH Chain’s, and it can strengthen critical underlying infrastructure.
Metric is a DEX built on the propAMM mechanism. But it isn’t competing in a zero-sum way with Uniswap, the leading DEX on RH Chain. Instead, it aims to grow the overall spot market.
The propAMM mechanism differs from traditional AMMs. Traditional AMMs can be thought of as “trade first, then let trading move the price.” Metric, by contrast, “brings in the real-world price first, then facilitates trading around it.” The former is especially suited to assets without external price references and to long-tail markets; the latter works particularly well for assets with real-world market prices, such as RWAs and tokenized stocks.
Since asset prices under the propAMM mechanism are driven primarily by external reference prices supplied by oracles, they can quickly track real-world price movements. This means more accurate pricing, lower risk for LPs, and greater capital efficiency.
With Metric in the mix, it can complement Uniswap through a clear division of roles:
Uniswap provides foundational, general-purpose liquidity, while Metric offers specialized liquidity for stock tokens.
Together, they can help Robinhood Chain’s ecosystem grow stronger.
#Robinhood
I believe Metric earned this recognition because its focus aligns closely with RH Chain’s, and it can strengthen critical underlying infrastructure.
Metric is a DEX built on the propAMM mechanism. But it isn’t competing in a zero-sum way with Uniswap, the leading DEX on RH Chain. Instead, it aims to grow the overall spot market.
The propAMM mechanism differs from traditional AMMs. Traditional AMMs can be thought of as “trade first, then let trading move the price.” Metric, by contrast, “brings in the real-world price first, then facilitates trading around it.” The former is especially suited to assets without external price references and to long-tail markets; the latter works particularly well for assets with real-world market prices, such as RWAs and tokenized stocks.
Since asset prices under the propAMM mechanism are driven primarily by external reference prices supplied by oracles, they can quickly track real-world price movements. This means more accurate pricing, lower risk for LPs, and greater capital efficiency.
With Metric in the mix, it can complement Uniswap through a clear division of roles:
Uniswap provides foundational, general-purpose liquidity, while Metric offers specialized liquidity for stock tokens.
Together, they can help Robinhood Chain’s ecosystem grow stronger.
#Robinhood