Arcus, a decentralized exchange established by dYdX Labs in collaboration with Robinhood Crypto, is currently operating on the Robinhood Chain and allows for trading of over 95 tokenized stocks without incurring spot trading fees. As it continues to expand its offerings, the exchange will soon introduce perpetual futures that will encompass equities, cryptocurrencies, commodities, and indices.

As of now, Arcus is in an active phase for spot trading, which began its beta testing on July 1, 2026. However, the perpetual futures feature is still in closed beta and accessible only via a waitlist. While specific details regarding the token generation event (TGE) are yet to be announced, the dYdX Foundation's CEO, Charles d’Haussy, has confirmed that Arcus will launch its own token.

Understanding Airdrop Eligibility

At this stage, Arcus has not released any official criteria for airdrop eligibility. Nevertheless, early participants are already taking measures to safeguard their positions for potential token distributions. Notably, a community allocation for the token has been confirmed for active members of the dYdX ecosystem, suggesting that prior involvement in this space could be beneficial.

At present, two effective approaches for maximizing your chances include:

  • Engage in Spot Trading: Participation in the live Arcus spot market where trades incur no fees can enhance your standing.
  • Join the Perpetual Futures Waitlist: The waitlist order may reward referrals and previous trading activities across platforms such as dYdX v3, Hyperliquid, and Lighter. This indicates an advantage for users coming from these platforms.

Steps to Prepare for the Arcus Airdrop

While there is no token available for acquisition at this moment, individuals can take the following steps to prepare:

  1. Create an account on the Arcus Exchange, using Google or an existing wallet.
  2. Deposit supported cryptocurrencies such as USDC, USDT, or BTC. If you do not possess these, consider purchasing them from other exchanges.
  3. Engage in trading penny stocks in the spot market.
  4. Join the perps waitlist by linking an X account and an EVM wallet, and by following Arcus on X.
  5. Connect your dYdX v4 wallet and participate in the community channel to potentially increase your waitlist position.
  6. Utilize your referral link as it may improve your waitlist ranking.