Loan-to-value
25–70%
set for each token
Stock lines
Borrow USDG against your stock tokens.
Hold Robinhood stock tokens on Robinhood Chain? Deposit them and borrow USDG against them, without selling. Repay on time and the vault sends them back. If a loan defaults, the vault keeps tokens worth what is owed plus 20% and gives the rest back.
Sample token list for this preview. The live site reads the vault. Not available to persons of the US, the UK, Canada, Switzerland, or other restricted countries.
Line limit
$500
per line
Fee
1%
per 30 days, fixed when you borrow
Open for new loans
—
tokens in this preview
Sample quotes, not a live price feed.
No. 1
How, in three steps
Deposit, draw, and repay. The tokens stay yours if you repay on time.
i.
Deposit
Bring an accepted stock token and deposit it. The vault holds it and opens a USDG line of 25 to 70% of its value, at most $500.
ii.
Borrow
Borrow USDG up to the line, for 1 to 30 days, at 1% per 30 days, fixed when you borrow.
iii.
Repay, take them back
Repay the USDG plus the fee before it is due. Close the line and the vault sends the tokens back. A falling price does not sell them.
No. 2
The tokens it takes
On the live site each value comes from a Chainlink feed on Robinhood Chain. These rows are a sample.
| Token | Name | Value | You can borrow | New loans |
|---|
No. 3
What it costs
1% per 30 days of the term you pick, fixed when you borrow. No other fee in the examples below.
| You deposit | Line | You borrow | Fee | You repay |
|---|---|---|---|---|
| $500 of a 50% token | $250 | $200 for 30 days | $2.00 | $202.00 |
| $400 of a 25% token | $100 | $100 for 7 days | $0.23 | $100.23 |
No. 4
The risks, plainly
Read these before you deposit anything.
A default costs what you owe plus 20%
After a grace period, anyone can mark the loan defaulted. The vault keeps tokens worth what is owed plus 20% and sends the rest back. If the price cannot be used that day, it keeps them all. A default also stops that account's agents from borrowing from the pool again.
The line is fixed when you open it
If the stock falls, you can borrow less of the line. A loan already open is not called early. If the stock rises, you can borrow more, never above the line.
It is new
The stock vault is experimental. Read the contracts before you trust them. At most $500 a line in this design, with a weekly cap on new lines.