Arcus has launched pTokens on the Robinhood Chain, enabling perpetual futures positions to be converted into transferable ERC-20 tokens. This decentralized exchange, built by the dYdX team in collaboration with Robinhood Crypto, offers perpetual markets with up to 50x leverage across equities, indices, commodities, and crypto. Total value locked in Arcus currently stands at approximately $20.2 million, a 15.8% increase over the past 30 days. These pTokens can be used as collateral across lending protocols or transferred between wallets, but they retain the liquidation risk of the underlying position, and their value depends on reliable redemption mechanisms.
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