Arcus, a decentralized exchange built by the team behind dYdX, launched a protocol on Robinhood Chain on Tuesday that converts perpetual futures positions into transferable ERC-20 tokens. The protocol also lets tokenized stocks back leveraged trades without requiring users to sell their holdings.

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Consequently, the launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood‘s HOOD stock token, respectively. The DEX announced the launch in a Tuesday press release shared with Cointelegraph.

“Traditional markets have spent decades making sophisticated investment strategies easier to access through products like leveraged ETFs. We believe the next step is making those strategies native to blockchain infrastructure,” Arcus CEO Eddie Zhang said.

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