Arcus, a decentralized exchange built by the team behind dYdX, has gone live on Robinhood Chain with a protocol that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to serve as collateral for leveraged trading.
What Arcus Is Offering
The launch includes products such as pBTC3x, which provides 3x leveraged exposure to Bitcoin, and pHOOD3x, which offers 3x exposure to Robinhood’s HOOD stock token. Both are issued as ERC-20 tokens, meaning a position can be sent to another wallet rather than sitting locked inside a trading account.
Separately, the protocol allows tokenized stocks such as the HOOD token to be posted as collateral, so a holder can back a leveraged trade without selling the underlying position.
Arcus CEO Eddie Zhang said the product is designed to bring traditional leverage instruments onto blockchain rails. ‘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,’ Zhang said.
Leverage cuts both ways at this level. A 3x product moves three times as far as the underlying asset in either direction, so a 33% move against the position is enough to erase it.
Volume and Chain Context
Since launching on Robinhood Chain, Arcus reported cumulative trading volume exceeding $2 billion, with average daily volume above $100 million.
Robinhood Chain itself has accumulated $596 million in total value locked since its July 1 mainnet launch, placing it among the top 15 chains by DeFi TVL according to DeFiLlama data.
