Arcus launches tokenized perp positions on Robinhood Chain
Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to be used as collateral for leveraged trading. The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s HOOD stock token, respectively, the DEX announced in a Tuesday press release shared with Cointelegraph.
Why It Matters
This story touches on arcus, tokenized, positions — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to be used as collateral for leveraged trading.
- Fact 2: The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s HOOD stock token, respectively, the DEX announced in a Tuesday press release shared with Cointelegraph.
- Fact 3: Its 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.
- Fact 4: Arcus said it has recorded more than $250 million in trading volume since launching on Robinhood Chain, with average daily volume exceeding $33 million.
Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to be used as collateral for leveraged trading. The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s HOOD stock token, respectively, the DEX announced in a Tuesday press release shared with Cointelegraph.
Its 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. “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,” Arcus CEO Eddie Zhang said.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
Related Stories
Mistral and HUMAIN Are Building 'Sovereign AI' in Saudi Arabia
Solana transactions hit record 4.2B as SOL rallies 40%
Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant
