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Lighter (LIT): The Leveraged Bet on Robinhood's Onchain Future

Kaizen ResearchKaizen Research · Jul 1, 2026 · 16 min read
Report

The Thesis: Own the Infrastructure

Every major platform shift produces a crowded, obvious trade and a quieter, more asymmetric one. In the personal computer era, most people bought the PC makers, but the durable fortunes were made on the chips inside every machine.

Robinhood's move onchain is that kind of shift, and LIT is that kind of trade.

Infrastructure captures...

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Aave (AAVE): Buying the Dip on Onchain Money

Kaizen ResearchKaizen Research · Jun 30, 2026 · 21 min read