Pops Finance
What is Pops Finance?
Pops Finance is a collateral-based leveraged trading protocol built on Robinhood Chain. Instead of depositing cash to trade, you lock the assets you already hold — tokenized stocks, crypto, or other tokens — and borrow margin against them. This lets you take leveraged positions on any supported market without selling your portfolio or triggering a taxable event.
How it Works
Deposit supported tokens into your vault. They remain in your name and retain their properties (dividends, staking rewards, etc.). Each asset has a loan-to-value (LTV) ratio that determines how much borrow power it provides.
Based on your locked collateral and its LTV, the protocol calculates your available margin. This is the maximum amount you can use to open leveraged positions.
Open a leveraged position (up to 5x) on any token available on Robinhood Chain. Choose long or short, set your leverage, and the position opens at the current oracle price.
Close your position at any time. If profitable, gains are sent to your wallet after repaying the borrowed margin. If the position is at a loss, the loss is deducted from your collateral value. Your remaining collateral unlocks in the same transaction.
Supported Collateral
Each collateral asset has a Loan-to-Value (LTV) ratio that determines how much borrow power it provides. Higher LTV means more margin per dollar locked.
Maximum Leverage
The maximum leverage available is 5x. This means for every $1 of margin, your position size can be up to $5. Higher leverage amplifies both gains and losses proportionally.
Liquidation
A position is liquidated when the market price crosses the liquidation level. When liquidation occurs, the position is closed and the loss is deducted from your locked collateral value. The protocol sells only the minimum collateral necessary to cover the loss — never the entire position.
The liquidation price is determined by your leverage and direction. Higher leverage means the liquidation price is closer to your entry, giving you less room for adverse movement.
Fees & Interest
There is no interest or borrowing fee charged on margin used. You borrow against your collateral at zero cost. The only cost is the risk of loss on your position being deducted from collateral.