Arcus launches tokenized perpetual contract positions on Robinhood Chain

The DEX Arcus, built by the dYdX team, has launched a new protocol on the Robinhood Chain that converts perpetual contract positions into transferable ERC-20 tokens and allows users to use tokenized stocks as collateral for leveraged trading.

The products launched by the protocol include pBTC3x and pHOOD3x, which provide 3x exposure to Bitcoin and the Robinhood stock token HOOD, respectively. Its multi-collateral feature initially supports SPY, QQQ, and MAG7 stock tokens, with a loan-to-value ratio of 50%, allowing users to use tokenized stocks as collateral for perpetual contract positions.

Arcus CEO Eddie Zhang stated that traditional markets have taken decades to make complex investment strategies accessible through products like leveraged ETFs, and the next step is to integrate these strategies natively into blockchain infrastructure. Since its launch on the Robinhood Chain, Arcus has accumulated a trading volume of over $250 million, with an average daily trading volume exceeding $33 million; since its launch on July 1, the Robinhood Chain has reached a TVL of $596 million, ranking among the top 15 in DeFi TVL.