Arcus DEX on Robinhood Chain launches pTokens, enabling perpetuals accounts to be tokenized and traded as ERC-20s with fixed leverage.
DeFi & Yields ·
Arcus, a decentralized exchange on Robinhood Chain, has launched pTokens, a new token format that converts perpetuals accounts into tradable ERC-20s. Each pToken represents a proportional ownership stake in an underlying Arcus perpetuals account, with leverage fixed at issuance.
The mechanism allows users to tokenize their perpetual positions, turning illiquid account holdings into transferable digital assets. By standardizing leverage at the token level, the design aims to simplify trading and settlement of these positions across Robinhood Chain's infrastructure.
Specifics remain limited on adoption metrics, trading volume, fee structures, or whether additional features have been enabled since launch. The exact mechanics for settling or unwinding pToken positions and their relationship to on-chain liquidation events are not yet detailed in available reports.