Arcus

🚀 Arcus is a decentralized exchange (DEX) on Robinhood Chain, developed by the dYdX team: it was incubated in dYdX Labs, the CEO is Eddie Zhang, and dYdX founder Antonio Juliano sits on the board. On Arcus, you can trade Stock Tokens in spot, 24/7 and without Arcus fees, and perpetuals on stocks, crypto, commodities, and indices, with leverage up to 50x. Robinhood Crypto has invested in Arcus (amount undisclosed). In 100 days since launch, the platform has surpassed $10B in volume.

The Arcus Points program is officially live since October 1st:

• Season 0: points already assigned to beta traders (July 1 – Sep 30). For now, they are hidden and will be revealed later.
• Season 1: 250,000 fixed points per week, distributed every Wednesday at 3:00 PM ET (9:00 PM Italian time). The program ends by the end of H1 2027. Arcus has announced that a new referral system and invite codes will be coming soon.
• The dYdX team has stated that "a portion of any future Arcus token will be reserved for the dYdX community". The token is not yet officially announced: there are no tokenomics or TGE date.

📋 How to participate

1. Sign up for the Arcus waitlist and connect your EVM wallet and your X account. Your queue position depends on your on-chain trading history (perp volume on dYdX, Hyperliquid, Lighter, with a bonus for RWA volume) and referrals.
2. Climb the leaderboard: connect multiple wallets to sum up your trading history. If you have a dYdX v4 address, connect that too. Then share your waitlist link.
3. Enter the app from Click here, connect your wallet, and confirm the referral code. New on October 12th: Arcus has opened perpetuals to over 29,000 wallets on the waitlist, which can now trade without an invite code. If your wallet is not yet enabled, you can use an existing trader's invite code (Arcus gives 1 for every $1M in perp volume) and enter it when prompted.
4. Deposit: receive a deposit address and funds are automatically converted to USDG on Robinhood Chain. Also keep some ETH on Robinhood Chain for gas.
5. Trade for points. The following count most:
   • Stock Tokens and other RWAs: currently have a boost;
   • RWA perpetuals outside US hours (8:00 PM–4:00 AM ET, US weekends and holidays): boost;
   • market making with tight and constant quotes;
   • collateral left deposited on Arcus;
   • spot swaps from the Robinhood Wallet executed via Arcus: boost on spot points.
6. Invite other traders: receive bonus points on their activities and a share of their fees.
7. Check your points every Wednesday in the Rewards section.

⚠️ Risks and costs: capital is needed for trading. Spot has no Arcus fees, but gas is at your expense. Perpetuals have maker/taker fees (discounted during the beta). Leverage can liquidate you, and from this week, liquidation fees go up to 1% (Arcus has raised them to strengthen the insurance fund): keep leverage low and leave sufficient margin. Wash trading, self-matching, repeated deposits and withdrawals, and other forms of "gaming" reduce or zero out points. Points are only a participation metric: an airdrop is not guaranteed. Arcus is not available in the USA, UK, Canada, and other restricted jurisdictions (spot also in Switzerland). Smart contracts have been audited by OpenZeppelin and Trail of Bits. DYOR.