What Are pTokens? Arcus Launches Tokenized Perp Positions on Robinhood Chain
TLDR
- Arcus, built by the dYdX team, has launched pTokens on Robinhood Chain, turning perpetual futures positions into transferable ERC-20 tokens
- Products include pBTC3x and pHOOD3x, offering 3x leveraged exposure to Bitcoin and Robinhood stock
- Tokenized stocks can now be used as collateral for leveraged trades without selling holdings
- Arcus has recorded over $2 billion in trading volume with average daily volume above $100 million
- Robinhood Chain has surpassed $600 million in total value locked since its July 1 launch
Arcus, a decentralized exchange built by the team behind dYdX, has launched a new protocol on Robinhood Chain. The protocol converts perpetual futures positions into transferable ERC-20 tokens called pTokens.
LATEST: โก๏ธ Arcus, built by dYdX Labs and Robinhood Crypto, launched pTokens on Robinhood Chain, turning leveraged perp accounts into transferable ERC-20s usable across DeFi. pic.twitter.com/L8i7yfNOx8
- CoinMarketCap (@CoinMarketCap) August 26, 2026
Each pToken represents a pro-rata ownership stake in an underlying Arcus perpetuals account at a fixed market and leverage level. Traders can buy and sell them like regular spot assets without managing margin or collateral directly.
โฆ Continue reading the full article at the original source below.
