dYdX Team’s Arcus Opens Stock-Token Collateral to All Perps Traders, With a $20,000 Cap

Arcus, the Robinhood Chain exchange developed by the team that built dYdX, has opened Multi-Asset Collateral to every trader with access to its perpetual futures, removing the trading-volume requirement that had limited the feature since October. The company announced the change on Thursday. As in early access, Arcus caps deposits of assets other than USDG at $20,000 per user and $2 million across the platform. Each account can borrow at most $10,000, according to Arcus’s public lending data, and the exchange rejects orders that would push a loan past that limit. By Unchained’s math, 100 traders depositing the $20,000 maximum would fill the platform-wide cap.