Arcus Brings Tokenized Perps to Robinhood Chain

Arcus, a decentralized exchange built by the team behind dYdX, has launched a new protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens.

The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood's HOOD stock token, respectively.

Arcus' multi collateral feature initially supports SPY, QQQ, and MAG7 Stock Tokens, each with a 50% loan-to-value ratio, allowing users to use tokenized equities as collateral for perpetual positions.