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How it works
The lending lifecycle, end to end.
Lending runs on Morpho Blue, an audited, immutable lending primitive deployed on Robinhood Chain. Each Stock Token has its own isolated market — collateral in one market never backs debt in another.
1. Deposit collateral
When you deposit, say, 100 TSLA, it is posted as collateral in the TSLA/USDG Morpho market. Your borrow limit in that market is value × LLTV. Collateral itself earns no yield — the supply APY shown per market is what USDG lenders earn.
2. Draw a credit line
Borrow USDG against each market's collateral, up to its LLTV and the pool's available liquidity. Debt is per-market and revolving — borrow and repay in any increment, any time.
3. Stay healthy
Each market position is summarized by a health factor:
healthFactor = collateralValue × LLTV / debt
Above 1.0 you are safe. At or below 1.0 the position becomes eligible for liquidation. Repaying debt or depositing more collateral raises the health factor.