LONGX Launches Actively Managed Basket Product, First AI Nexus Goes Long AI Leaders and Shorts QQQ as Hedge

Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.

The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.