Arcus Unleashes pTokens to Unlock Leveraged Positions Across DeFi

Arcus has launched pTokens, allowing users to convert their perpetual futures positions into ERC-20 tokens that can be transferred freely across DeFi platforms.

The platform, built by the dYdX team in collaboration with Robinhood Crypto, supports 24/7 spot trading of over 95 tokenized US equities with zero transaction fees. Its perpetual markets allow up to 50x leverage across equities, indices, commodities, and crypto, with USDG as the primary collateral asset.

Total value locked in Arcus perps currently sits at approximately $20.2 million, a 15.8% increase over the previous 30 days.

pTokens encode perpetual futures positions as ERC-20 tokens, which can interact with lending protocols, be used as collateral elsewhere, or simply be transferred between wallets. This could change the equation for DeFi by making leveraged positions legible to any smart contract that reads ERC-20 balances.