Arcus Launches pToken Protocol on Robinhood Chain

Arcus, a decentralized exchange developed by the team behind dYdX in collaboration with Robinhood Crypto, has launched the pToken protocol on Robinhood Chain. The new system converts perpetual futures positions into standard ERC20 tokens, allowing traders to gain leveraged exposure to assets like Bitcoin and Robinhood stock through simple spot transactions without directly managing margin or collateral. The pToken protocol wraps a perpetual futures account into a transferable digital asset. Each pToken represents a proportional stake in an underlying Arcus perpetuals account at a fixed market and leverage level.