Arcus
A Tier
LATEST UPDATE · OCTOBER 27, 2026
Season 1 points since Oct 1, 2026 (250k a week, Wednesdays). Invite codes live. Fee schedule updated Oct 20; multi-asset collateral Oct 19. dYdX (Jul 15, 2026): a share of 'any future Arcus token' is reserved for the dYdX community. Program ends no later than end of H1 2027.The numbers
Expected FDV
$450m
$200m – $1b
Airdrop pool
$68m
Unknown, 15% assumed. dYdX (Jul 15): a share of "any future Arcus token" goes to the dYdX community
Team score
8/10
founders, exits, backers, flags
Token window
Program ends no later than mid-2027
points end H1 2027
points live 1 months; token talk for 3
$10m$100m$1b$10b
How we got the FDV: 0.03–0.05x of $11.3b in 30-day volume, with a distribution premium for Robinhood Chain and dYdX over dYdX's own $102m FDV. Grok anchored lower at $300m.
A team and distribution bet: the native perp venue of Robinhood Chain, four weeks into points, still invite-gated. The token is conditional, not confirmed.
Roughly 13M total points are expected (3.25M in Season 0 plus 9.75M in Season 1), which puts a point near $6 at our base case and about $580 of airdrop per $1m of volume. Early (listed on DefiLlama 108 days ago, points only since Oct 1) and the operator sits on dYdX's board. Terms disclaim any token and some of any future token is reserved for the dYdX community, so the farmers' share could be small.
Cut it if: farmers' share is confirmed under 10%, weekly volume tops $4b, or a large dYdX carve-out is confirmed.
Who's farming it: Yai Capital (a verified early Lighter farmer) moved to Robinhood Chain in July 2026. CT is grumbling about dilution (PibbyMr: 16 points on $83k vs 22 on $49k earlier).
What is Arcus?
Perpetuals exchange built by Eddie Zhang (ex-Facebook Messenger, YC S17; Pocket Protector was acquired by dYdX in July 2025) with Antonio Juliano on the board. Robinhood Crypto holds a strategic stake and dYdX Labs backs it. Already $123m of open interest and $11b of 30-day volume. Season 1 points started October 1, 2026: a fixed 250k points a week, quality-weighted, with boosts for trading RWA perps outside US hours.
Airdrop parameters
POINTS / CLAIM END
Program ends by mid-2027
ALLOCATION
Not published. dYdX (Jul 15, 2026): a share of "any future Arcus token" is reserved for the dYdX community. Terms say points do not guarantee a TGE
METHOD
Fixed 250k points a week (Wednesdays 3pm ET): trading, market making, retained deposits, referrals; boosts for RWA markets, RWA perps 8pm-4am ET and weekends, Robinhood Wallet swaps
TGE
Program ends no later than end of H1 2027
ACCESS
Spot is open; perps need an invite code (1 per $1M of volume, must trade within 30 days). Not for US, Canada or UK. Margin is USDG (Paxos). No KYC.
CHAIN
Robinhood Chain
How to farm
01
Get an invite code (non-US)
Perps are gated since Oct 1. Traders mint one code per $1M of volume; ask in the Arcus Discord or X replies. Redeem, deposit and trade within 30 days or the code lapses.
02
Bridge to Robinhood Chain and deposit USDG
Bridge USDC to Robinhood Chain (official bridge or Relay), swap to USDG (Paxos) and deposit at app.arcus.xyz. Retained deposits score on their own.
03
Quote maker on RWA perps outside US hours
Maker base fee is 0 bps. Stocks, indices and commodities perps carry boosts 8pm-4am ET, weekends and holidays. That is where the fixed weekly pool is cheapest.
04
Trade like a human, not a bot
Points are quality-weighted and deposit-trade-withdraw loops are slashed. Hold positions, vary size, avoid instant open-close pairs.
05
Check the Wednesday 3pm ET drop
Portal: app.arcus.xyz/rewards. Week-1 farmers derived about $11.8k of volume per point. If you fall below 10 points per $100k of volume, the farm is getting crowded.
06
Mint codes and refer at $1M volume
Referrers earn 10% of level-1 fees plus a referral points component.