Arcus Brings Tokenized Perps to Robinhood Chain

Arcus, a decentralized exchange built by the team behind dYdX, has launched tokenized perpetual futures positions on Robinhood Chain. These positions can be converted into transferable ERC-20 tokens and used as collateral for leveraged trading.

The new protocol includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood's HOOD stock token, respectively. This move is seen as a step towards making sophisticated investment strategies more accessible through blockchain infrastructure.

Arcus CEO Eddie Zhang said, '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.'

The launch has recorded over $2 billion in trading volume since July 1, with average daily volume exceeding $100 million. Robinhood Chain has grown to $596 million in total value locked, ranking among the top 15 chains by DeFi TVL.