Arcus launches tokenized perp positions on Robinhood Chain
Summary
Arcus, a DEX from the dYdX team, launched a protocol on Robinhood Chain that tokenizes perpetual futures positions into transferable ERC-20s and lets tokenized stocks serve as collateral for leveraged trading. Initial products include pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s HOOD token. Its multi-collateral system supports SPY, QQQ, and MAG7 Stock Tokens at a 50% loan-to-value ratio. Arcus says it has surpassed $250 million in trading volume since launch, with average daily volume above $33 million. Robinhood Chain has reached $596 million in TVL and ranks among the top 15 DeFi chains by TVL.
