Arcus Brings Tokenized Perps to Robinhood Chain

Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a new protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens. This allows users to hold these tokenized positions and use them as collateral for leveraged trading.

The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and HOOD stock token, respectively. Arcus' multi-collateral feature initially supports SPY, QQQ, and MAG7 Stock Tokens, each with a 50% loan-to-value ratio.

Arcus CEO Eddie Zhang stated that 'Traditional markets have spent decades making sophisticated investment strategies easier to access through products like leveraged ETFs. We believe the next step is making those strategies native to blockchain infrastructure.'