Key facts
- Arcus has launched a protocol on Robinhood Chain.
- The protocol enables perpetual futures positions to be converted into transferable ERC-20 tokens.
- Tokenized stocks can be utilized as collateral for leveraged trading.
- New products include 3x leveraged tokens for Bitcoin and Robinhood's HOOD stock.
- The platform supports SPY, QQQ, and MAG7 Stock Tokens as collateral.
Arcus, a decentralized exchange developed by the team behind dYdX, has introduced a new protocol on Robinhood Chain. This protocol allows perpetual futures positions to be transformed into transferable ERC-20 tokens, and enables the use of tokenized stocks as collateral for leveraged trading. The platform has launched products such as pBTC3x and pHOOD3x, offering three times the exposure to Bitcoin and Robinhood’s HOOD stock token, respectively. Arcus's multi-collateral feature initially supports tokenized equities like SPY, QQQ, and MAG7 Stock Tokens, each with a 50% loan-to-value ratio. This allows users to leverage their tokenized equity holdings for perpetual positions. Arcus CEO Eddie Zhang stated that the goal is to make sophisticated investment strategies native to blockchain infrastructure, similar to how leveraged ETFs simplified access in traditional markets. Since its launch on Robinhood Chain, Arcus has reported over $250 million in trading volume, with average daily volumes exceeding $33 million. Robinhood Chain itself has seen significant growth, accumulating $596 million in total value locked since its inception on July 1, positioning it among the top 15 chains by DeFi TVL.