> ## Documentation Index
> Fetch the complete documentation index at: https://help.arcus.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Why trade Equity Perps instead of Stock Tokens?

Perps add leverage, capital efficiency, and the ability to go short - supporting directional, hedging, and leveraged strategies.

Stock Tokens give straightforward spot exposure with the option of redemption for cash value. Arcus offers both, so they can be used together - though at launch a Stock Token isn't yet usable as perp collateral.