Question 1

What is backx.trade?

Accepted Answer

backx.trade is a hedge and issuer trading platform on Robinhood Chain, built by GAZZFUN LLC. Traders hedge a coin (profit when its price rises) with multiplication. Issuers supply USDC that backs those hedges.

Question 2

What is a hedge with multiplication?

Accepted Answer

A hedge buys real tokens worth your margin times the multiplication. You pay exactly the amount you enter; fees come out of it. At 5×, $100 opens a position of about $482; issuers lend the rest. If the price falls to the liquidation price the position is closed and issuers are repaid first. You can never lose more than you paid.

Question 3

What does an issuer do?

Accepted Answer

An issuer supplies USDC to a coin's USD reserve on the Issue Reserve page. That USDC is lent to hedges and comes back first when they close. Issuers earn a borrow fee, a share of gains and a share of what is left after a liquidation. Earnings are not guaranteed.

Question 4

What does it cost?

Accepted Answer

You pay exactly the amount you enter. Fees, including a small gas amount for the keeper that closes positions, are taken out of it once when the position opens. There are no funding fees.

Question 5

Is backx.trade self-custodial?

Accepted Answer

Yes. Every user gets their own embedded wallet. Deposits go straight to it and withdrawals go to an address the user types in.

Question 6

Which blockchain does backx.trade use?

Accepted Answer

Robinhood Chain. The swap portal also routes same-chain swaps on Ethereum, Base and BNB Chain.

Hedge & Issuer Trading on Robinhood Chain

How it works