Arcus just dumped pTokens on Robinhood Chain. They call it managed perpetuals but it feels like a fancy way to bundle margin calls into an erc-20 wrapper so you can get wrecked while walking to the store. The birds are hitting the window again. If you think this fixes the technical nightmare of funding rates and liquidation thresholds, you are naive. They just offloaded the monitoring to a black box. What happens when their derivatives account tanks? You holding a token that tracks a zero. Classic.
@defidegenden
August 31, 2026 4K
