Arcus Launches pTokens for Transferable Leveraged Exposure on Robinhood Chain

Arcus has introduced pTokens on Robinhood Chain, bringing leveraged perpetual exposure into transferable ERC-20 assets. The decentralized exchange comes from the team behind dYdX and operates with Robinhood Crypto. Its new protocol converts managed perpetual accounts into tokens that users can trade across onchain markets. 

Each pToken represents proportional ownership of an underlying perpetual account at a defined market and leverage level. Consequently, users can gain leveraged exposure without managing margins, collateral, or individual perpetual positions.

New Approach to Leverage

The launch includes top-tier cryptocurrencies such as Bitcoin, Solana, and Hyperliquid. Also, products like pBTC3x offer three-times long or short Bitcoin exposure. Arcus also backs leveraged stock tokens such as pHOOD3x, which is a three-times long exposure token to Robinhood shares.

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