Put tokenized stocks up as collateral and borrow USDG against them. Every limit — how much you can borrow, where liquidation starts — is computed from the stock's own pool liquidity and volatility on Robinhood Chain.
The rate follows how much of the pool is borrowed — gently up to 80%, steeply beyond it, so lenders can always get out.
How far each stock has to fall before a loan at the maximum LTV is liquidated, next to its worst 24-hour fall of the last week.
2.33 × daily volatility × √3 daysA 99% three-day fall, from hourly prices of the last 7 days.
25% × (1 − depth at −5% ÷ $500K)Depth is how much of the stock the pool absorbs before its price drops 5%.
threshold = 1 − shock − penalty · LTV = threshold − 5 ptsPools under $25K of depth are not accepted. A stock's collateral cap equals its depth.
10% of the interest borrowers pay goes to $LIEN holders, in USDG. Holders also borrow 1 point cheaper.
Selling ends your position and may be a taxable event. Borrowing keeps your NVDA, TSLA or SPY exposure and gives you dollars to use now. You repay the USDG plus interest and take your stock back.
When the loan grows past the stock's liquidation threshold of the collateral value — either because the stock fell or interest built up. Part of the collateral is then sold into the pool to repay the debt, with a liquidation bonus to whoever does it.
Every swap in the tokenized-stock pools on Robinhood Chain over the last week, plus hourly ETH/USD. Prices, volatility, pool depth and the limits derived from them refresh every 30 minutes.
If a pool can absorb less than $25K before its price drops 5%, a liquidation could not be carried out without crashing the price. Those stocks are shown in the market list but cannot back a loan.