Keep the shares.Take the dollars.

Post your tokenized stocks as collateral and borrow USDG on Robinhood Chain. No sale, no capital gain, and no contract of ours that can touch your funds.

Live on Robinhood ChainMarket runs on MorphoChain ID 4663

Same asset · same chain · two rateslive · read from the contract

13.23%Best supply APY across stock markets · GOOGL / USDG at 95.9% utilization · not ours

3.63%Curated USDG vault APY · Steakhouse USDG, $460,119,614 · not ours

+9.61%The spread · 3.6× the vault rate

4,581 USDGIdle liquidity now in GOOGL / USDG · 4.1% of supplied

111,177 USDGTotal supplied to that market

CustomOracle · not factory-made, code not read by us

Exit not guaranteedUnder 5% idle. A withdrawal above 4,581 USDG waits for a borrower to repay.

Lenders are earning 4% thirty feet from a market paying 13%, because that market has no front end. It is not free money: idle liquidity is tiny, the market is tiny, and the oracle may be unverified.

Supply APY is the market's borrow rate from the Adaptive Curve IRM times its utilization, read from Morpho Blue. Vault APY is the Steakhouse USDG's share price change over the last 91 seconds, annualised, shown only if it lands between 0% and 20%. Neither market is ours. Rates move every block.

Borrow againstSPY

Shares posted14 shares

Borrow74% of limit

You receive

4,955USDG

Load 46.3%Liquidation 62.5%

1.35Health factor

$566.29Liquidation price

$10,714Collateral value

Prices shown are examples until the market is deployed. From the first block on, every figure on this page is read from the contract.

Lend USDG intoNVDA / USDG · not ours

Market62.5% LLTV

USDG to supply10,000 USDG

It would pay, per year, at today's rate

977USDG

9.77%Supply APY now

94.3%Utilization · borrowers queueing

10.36%Borrow APY paid by borrowers

Already supplied232,063 USDG

Max withdrawable right now · idle liquidity13,239 USDG

Oraclecustom, not read by us

Whose marketnot ours

Read-only. Supply is not wired yet. Withdrawals are limited to idle liquidity, which can be zero. Rates are the market's current values from the contract and move with every borrow and repay; adding 10,000 USDG lowers utilization and the rate you would get. Someone else created this market.

Example — the market we would openSPY / USDG · not created

Max load · LLTV62.5% example

OracleChainlink example

Share multiplieralready in the feed example

Supply APY4.91% example

Borrow APY7.30% example

Liquidator's cut · fixed by Morpho12.68% example

Interest modelAdaptive curve example

CustodyMorpho example

Not created yet

Every figure in this panel is an example. Nothing here is read from a contract because the market does not exist. Parameters are written when a market is created and can never be changed. A different limit means a different market, opened in public, not a switch we flip.

Stock-collateral markets on Morpho · Robinhood Chainlive · read from the contract

$840,375USDG supplied across all stock markets

$713,584USDG borrowed against tokenized stocks

NVDA94.3%▲ borrowers queueing, lenders absent

SPCX94.9%▲ borrowers queueing, lenders absent

AAPL79.6%

GOOGL95.9%▲ borrowers queueing, lenders absent

Borrowers found these markets without a front end. Lenders did not.

Utilization of the four largest markets by USDG supplied. Above 90% is marked. Read Sun, 13 Sep 2026 10:33:47 GMT, refreshed every 30 seconds.

4Stock markets holding real money · over $100k supplied · live

$494MUSDG in Morpho vaults on this chain · live

$713,584Already borrowed against stock collateral, with no interface · live

217Morpho markets created on this chain, 134 of them on stocks · indexed 12 Sep 2026

Three steps, no surprises

and no lock-up

Put the shares down

Deposit tokenized stock you already hold. It stays yours, nobody sells it, and it keeps tracking the real ticker.

Take the dollars

Borrow USDG up to the market's load limit. You pay interest to whoever put the dollars on the other side of the counter.

Repay whenever

No maturity date. Repay, take your shares back, and if the stock ran while you held it, that run was yours.

What we cannot do

permissions,
not promises

What we can doOpen the market, choose the load limit, the oracle and the rate model, and build the interface you are looking at.

We cannot withdrawYour collateral sits in Morpho's contracts. There is no function that lets us move it, so this is not a policy we promise to keep — it is what the contract allows.

We cannot pause youLenders withdraw whenever they want, as far as available liquidity goes. There is no switch on our side.

We cannot change the rulesA Morpho market's parameters are fixed at creation, forever. Want a different limit? That is a new market, opened in the open.

Where this breaks

said before,
not after

The weekend is the real problem

Tokenized stocks trade around the clock. The actual share does not. From Saturday 02:00 CET until Monday morning the minting window is shut, the arbitrage against the real stock cannot be closed, and the price of your collateral drifts wherever it likes.

Then Wall Street opens and the gap shuts in minutes. If you were close to the load limit on Friday night, you can be liquidated on Monday before you have picked up your phone. That is why this market's limit is set low, and why we are not raising it to look more generous than the next protocol.

Read the contract, not us

everything is onchain

Market parameters, the oracle address, every supply and every liquidation are public on Robinhood Chain from the block the market is created. The docs explain how to read them yourself, including the parts where we are guessing.