Arcus, a decentralized exchange on the Robinhood Chain, introduced a new protocol. This protocol converts perpetual futures positions into transferable ERC-20 tokens. Traders can now treat their leveraged positions as standard tokens. These tokens can be sent to other wallets or used in decentralized finance applications.
The launch includes new products: pBTC3x and pHOOD3x. These offer 3x leveraged exposure to Bitcoin and Robinhood's stock token. The protocol also allows tokenized SPY and QQQ as collateral for trading. This feature integrates traditional assets into the on-chain ecosystem. Arcus was built by the dYdX team in partnership with Robinhood Crypto. It has seen over $250 million in trading volume since its July launch.