Archer Markets

Archer Markets is a proof of concept for trading options on Stock Tokens using USDG on Robinhood Chain Testnet. It lets a holder hedge a Stock Token position or take a defined-rights view through calls and puts. Each option covers exactly one Stock Token and is backed in full at creation: a call locks one Stock Token, while a put locks the strike payment. The holder can exercise manually before expiration and receive physical token delivery.

Trading uses an entirely onchain limit orderbook organized by pair, call or put, strike and expiration. Crossing orders match once, in price/time order, at the resting price; unmatched orders remain available for later trading. An active option can be resold in the same book without replacing its writer or collateral. There is no offchain matcher, oracle settlement or margin in this version.

Five V4 markets for TSLA, AMD, AMZN, NFLX and PLTR against USDG are deployed on Robinhood Chain Testnet. A hosted frontend lets users inspect the books, connect a wallet, submit orders, manage positions and exercise. A coordinated two-wallet AMD call match and exercise completed on the public testnet, with collateral, premium, fee and exercise transfers checked against chain balances. All assets and liquidity shown here are testnet examples with no monetary value. The contracts are unaudited, and the public transaction is a functional test rather than evidence of user demand.

Live testnet frontend: https://archer-markets.up.railway.app/

Public evidence: https://github.com/nachfq/archer-markets/blob/main/docs/testnet-release.md. The AMD match and exercise are independently viewable on the testnet explorer.