Arcus, a decentralized exchange built by the dYdX team, has launched a new protocol on Robinhood Chain that turns perpetual futures positions into transferable ERC-20 tokens and lets users post tokenized stocks as collateral for leveraged trades. The first products are pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood stock token HOOD, respectively. Arcus also introduced multi-collateral support, initially covering SPY, QQQ, and MAG7 stock tokens, each with a 50% loan-to-value ratio for use as collateral against perpetual positions. Arcus CEO Eddie Zhang said traditional markets spent decades making complex strategies easier to access through products such as leveraged ETFs, and that the next step is to embed those strategies natively into blockchain infrastructure. Since going live on Robinhood Chain, Arcus has recorded more than $250 million in cumulative trading volume and over $33 million in average daily volume. Robinhood Chain, for its part, has reached $596 million in total value locked since its July 1 launch, placing it among the top 15 DeFi chains by TVL.
Arcus, a decentralized exchange built by the dYdX team, has launched a new protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows users to use tokenized stocks as collateral for leveraged trading.
Initial products and collateral support
The first products introduced under the protocol are pBTC3x and pHOOD3x, which provide 3x exposure to Bitcoin and Robinhood stock token HOOD, respectively.
Arcus said its multi-collateral feature initially supports the SPY, QQQ, and MAG7 stock tokens, all with a 50% loan-to-value ratio. Users can post those tokenized equities as collateral for perpetual positions.
CEO comments on product direction
Arcus CEO Eddie Zhang said traditional markets spent decades making complex investment strategies more accessible through products such as leveraged ETFs. He said the next step is to make those strategies native to blockchain infrastructure.
Volume and chain metrics
Arcus has processed more than $250 million in cumulative trading volume since launching on Robinhood Chain, with average daily volume above $33 million.
Robinhood Chain has reached $596 million in total value locked since its July 1 launch, putting it among the top 15 DeFi networks by TVL.
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