utilisation
8.4%
The rate follows the room
Borrow cost rises with utilisation and falls when liquidity comes back. Lenders are paid out of exactly that.
Live on Robinhood Chain
The money market for tokenized stocks.
Lend USDG for yield, or borrow against your stock tokens without selling them. Isolated markets, priced by Chainlink, on Robinhood Chain.
Why Denar
Equity collateral needs its own machinery.
Stocks gap over weekends, split without warning and stop trading at four o'clock. A lending market built for perpetual crypto assets will mishandle all three. Denar was built the other way round.
PONS
AI
INDEX
NVDA
AAPL
MSFT
TSLA
SPY
QQQ
One bad day stays in one market
Every stock gets its own market, oracle and cap. A collapse in one cannot reach the collateral in another.
Six markets, and counting
NVDA, AAPL, MSFT and TSLA at equity risk settings; SPY and QQQ at ETF settings. More listings as feeds land.
Total supplied
Lent into the markets
Total borrowed
Drawn against stock collateral
Utilisation
Borrowed over supplied
Open markets
9 / 9
Plus one ERC-4626 vault
Markets
live on chain| Market | Price | Supplied · USDG | Available · USDG | Borrow APR | LLTV | |
|---|---|---|---|---|---|---|
| PONS/USDGPonsOn-chain | 38.5% | › | ||||
| AI/USDGArtificial InuOn-chain | 38.5% | › | ||||
| INDEX/USDGThe IndexOn-chain | 38.5% | › | ||||
| NVDA/USDGNVIDIAStock | 62.5% | › | ||||
| AAPL/USDGAppleStock | 62.5% | › | ||||
| MSFT/USDGMicrosoftStock | 62.5% | › | ||||
| TSLA/USDGTeslaStock | 62.5% | › | ||||
| SPY/USDGSPDR S&P 500 ETFETF | 77% | › | ||||
| QQQ/USDGInvesco QQQ ETFETF | 77% | › |
Isolated Morpho Blue markets · Chainlink price feeds · liquidations route through Rialto
Open the appHow it works
Three moves, and none of them is selling.
- 01
Bring the shares you already hold
Deposit NVDA, AAPL, MSFT, TSLA, SPY or QQQ stock tokens as collateral. They stay yours — no sale, no taxable exit, no leaving the chain.
- 02
Draw USDG against them
Borrow up to the market's LLTV. Chainlink prices the collateral continuously, so your headroom is always the live number, never yesterday's close.
- 03
Or take the other side
Lend USDG into the vault and it spreads across every market behind per-market caps, earning exactly what the borrowers pay.
For lenders
Earn
Deposit USDG once. The vault spreads it across every stock market behind per-market caps and pays you the interest borrowers owe — no position to manage, no rate to chase.
Start earning→For holders
Borrow
Post stock tokens as collateral and draw USDG against them. Liquidity today without giving up the position, the upside, or the chain you are already on.
Open a position→Risk, handled in the open
Every market ships with equity-specific guardrails.
- ✓Feed staleness guardsA price that stops updating stops the market rather than mispricing it.
- ✓Sequencer uptime checksIf the L2 sequencer drops, liquidations wait for a fair window to reopen.
- ✓Corporate-action pausesSplits, dividends and reverse splits pause the market until the feed re-bases.
- ✓Per-market supply capsThe vault can never over-allocate to a single name, however good the rate looks.
- ✓Conservative equity LLTVs62.5% for single stocks, 77% for broad ETFs — sized to overnight gap risk.
- ✓Isolated market designEach market is its own book. Bad debt in one cannot socialise into another.
Market hours
The protocol keeps the exchange's clock.
Stock feeds run 24/5. When they stop — a weekend, a corporate action, a sequencer outage — the affected market freezes rather than trading on a price nobody can vouch for. Borrowing, withdrawals and liquidations all wait together, so no one is liquidated on a stale quote.
UTC · 24 / 5