Arcus, a decentralized exchange built by the team behind dYdX, launched leveraged, ETF-style contracts on Robinhood Markets Inc (NASDAQ:HOOD) Chain, giving traders a new way to access amplified exposure to crypto and tokenized stocks.
The product uses pTokens, which turn managed perpetuals accounts into transferable ERC-20 assets. The first offerings include pBTC and pBTC3x, providing 1x and 3x long and short Bitcoin exposure, along with pHOOD3x, offering 3x long exposure to Robinhood.
The structure mirrors the convenience of leveraged ETFs by packaging complex derivatives exposure into a tradeable token. Arcus said it has generated more than $2 billion in trading volume since launching on Robinhood Chain July 1, with average daily volume above $100 million.
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QUICK CONTEXT: Leveraged ETFs Move Onchain
