Market deployed
BorrowDeskMarket created on Robinhood Chain mainnet (4663).
Sourcify exact match
OpenLineMarket
BorrowDesk
Keep the stocks. Borrow the dollar.
Stock-token USDG credit with liquidation math visible before you sign - live on Robinhood Chain.
Built for the Arbitrum Open House Singapore stack
Arbitrum
Robinhood Chain
Paxos / USDG
ZeroDev
Quicknode
Dune
Trail of Bits
GMX
PendleThe credit gap
$700.7M of USDG onchain. Only $1.5M lent against Stock Tokens - and 96.6% of that is already out.
Holders who want dollars without selling equity still need a credit desk with liquidation foresight - not another loop that burns upside into liquidator bonuses. BorrowDesk is that desk on Robinhood Chain.
USDG on Robinhood Chain
$700.7M
Lent vs Stock Tokens (Morpho)
$1.5M
Of that, already borrowed
96.6%
Largest NVDA market utilised
98.5%
Morpho Blue read at block 78677903 (2026-10-03 00:58 UTC). Read from Robinhood Chain mainnet Morpho Blue markets that lend USDG against Robinhood Stock Tokens. Verify claims →
It already happened
Onchain receipts, not slides.
These are Robinhood Chain mainnet transactions. The live pool can move; the receipts do not.
View transaction →
Liquidity seeded
Owner seeded the USDG pool so borrowers have idle cash to draw.
Idle pool after seed
~5.03 USDG
Borrow proven
Live account holds NVDA + AAPL collateral with healthy USDG debt.
Outstanding debt · healthy
0.287631 USDG
Live on Robinhood Chain
Market deployed. Liquidity seeded. Borrow proven.
Deposit Stock Tokens, borrow Global Dollar - equity credit onchain, with liquidation math visible before you sign.
Collateral
$0.53
Debt
0.288 USDG
Assets
NVDA
AAPLStatus
Live · mainnet
Idle pool
$5.03
Listed
29 assets
Settle in
USDG
Network
RH 4663
Risk bands
Equity-tuned LTV ladder
Broader indexes borrow more. High-vol single names sit tighter. Liquidation always sits above max LTV so you see buffer before seize.
| Asset | Max LTV | Liq band | Why | |
|---|---|---|---|---|
| NVDA | 60% | 75% | Mega-cap AI · moderate vol · 60% LTV | Borrow → |
| AAPL | 60% | 75% | Large-cap quality · stable tape · 60% LTV | Borrow → |
 TSLA | 50% | 65% | High single-name vol · tighter 50% LTV | Borrow → |
 SPY | 65% | 80% | Broad index · lowest vol · highest 65% LTV | Borrow → |
 AMZN | 60% | 75% | Mega-cap retail · standard 60% band | Borrow → |
 MSFT | 60% | 75% | Mega-cap software · standard 60% band | Borrow → |
 META | 55% | 70% | Elevated beta · 55% LTV | Borrow → |
 GOOGL | 60% | 75% | Mega-cap search · standard 60% band | Borrow → |
 AMD | 55% | 70% | Semi · elevated vol · 55% LTV | Borrow → |
 COIN | 50% | 65% | Crypto beta · 50% LTV | Borrow → |
 PLTR | 50% | 65% | High growth vol · 50% LTV | Borrow → |
 TSM | 60% | 75% | Foundry mega-cap · 60% LTV | Borrow → |
 QQQ | 65% | 80% | Nasdaq-100 ETF · 65% LTV | Borrow → |
- Healthy accounts cannot be seized
- Stock pump does not raise your APR
- Partial liquidation - not full-debt-only
How it works
Equity stays. Liquidity moves.
Stock Tokens in, USDG out - credit for tokenized equities on Robinhood Chain.
01
Deposit Stock Tokens
Supply NVDA, AAPL, SPY, and other listed Stock Tokens as collateral. Assets stay in the BorrowDesk market under your account.
02
Borrow USDG
Draw Global Dollar against oracle-priced collateral at conservative LTVs - without selling equity exposure.
03
Repay & withdraw
Repay any time and reclaim collateral when healthy. Liquidations protect the pool if markets breach the threshold.
Try the math
Move the mark. Watch the floor.
Pick collateral and LTV, then drop the oracle mark. Liquidation sits at 75% - above max borrow LTV - so you see buffer before the desk can seize.
Collateral (USD)$1,000
Borrow LTV40%
Oracle drop−10%
Illustrative NVDA-band numbers (60% LTV / 75% liq). Live desk uses per-asset bands. No wallet needed.
Debt
$400
Mark after drop
$900
LTV after
44.4%
Health factor
1.7/10
Still healthy. You had ~46.7% of buffer to liquidation at open; −10% used part of it.
Entry mark−10%Liq band
Red mark ≈ drop to liquidatable (46.7% from entry). Stocks stay yours until then.
Side by side
Morpho loop vs BorrowDesk credit
Same desire - dollars against Stock Tokens. Different job: looping for leverage vs keeping the stocks and borrowing the dollar.
| Question | Morpho loop | BorrowDesk |
|---|---|---|
| What you hold | Looped Stock Tokens - each turn needs a lender | Same Stock Tokens as collateral; equity upside stays yours |
| How you get USDG | Borrow → buy more stock → re-collateralise (loop) | One deposit, then borrow USDG from the desk pool |
| Practical leverage | ~2.67× before safety margin (62.5% LLTV NVDA market) | Up to listed LTV (50-65%) - credit, not synthetic leverage |
| When it ends | Liquidation seizes collateral + ~12.7% liquidator bonus | Partial liquidation at 5% bonus; foresight ticket shows liq price first |
| Liquidity today | Stock-USDG Morpho supply ~96.6% utilised | Own seeded USDG pool - small, but idle cash is visible on the board |
Morpho LLTV / utilisation figures reflect the largest NVDA/USDG market published in public RH Chain research at block 78,677,903. Liquidator incentive is Morpho's documented LIF at a 62.5% threshold. BorrowDesk is a credit line, not a knock-out leverage product.
Launch credit lineMarkets
Collateral desk
29 feed-backed markets on Robinhood Chain. Featured names up front - search or show all for the full book.
| Asset | Chart | Price | Spread | Max borrow | LTV | Liq. | APR | Risk | Status |
|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA | $235.00 | - | $141.00 USDG / share | 60% | 75% | 5% | Mega-cap AI · moderate vol | Live | |
AAPL Apple | $333.82 | - | $200.29 USDG / share | 60% | 75% | 5% | Large-cap quality · stable tape | Live | |
TSLA Tesla | $370.45 | - | $185.23 USDG / share | 50% | 65% | 5% | High single-name vol · tighter 50% LTV | Live | |
SPY SPDR S&P 500 | $770.71 | - | $500.96 USDG / share | 65% | 80% | 5% | Broad index · lowest vol · highest 65% LTV | Live | |
AMZN Amazon | $251.65 | - | $150.99 USDG / share | 60% | 75% | 5% | Mega-cap retail · standard 60% band | Live | |
MSFT Microsoft | $517.51 | - | $310.51 USDG / share | 60% | 75% | 5% | Mega-cap software · standard 60% band | Live | |
META Meta | $730.13 | - | $401.57 USDG / share | 55% | 70% | 5% | Elevated beta | Live | |
GOOGL Alphabet | $343.66 | - | $206.20 USDG / share | 60% | 75% | 5% | Mega-cap search · standard 60% band | Live | |
AMD Advanced Micro Devices | $632.83 | - | $348.06 USDG / share | 55% | 70% | 5% | Semi · elevated vol | Live | |
COIN Coinbase | $182.63 | - | $91.315 USDG / share | 50% | 65% | 5% | Crypto beta | Live | |
PLTR Palantir | $188.55 | - | $94.275 USDG / share | 50% | 65% | 5% | High growth vol | Live | |
TSM TSMC | $473.92 | - | $284.35 USDG / share | 60% | 75% | 5% | Foundry mega-cap | Live | |
QQQ Invesco QQQ | $752.00 | - | $488.80 USDG / share | 65% | 80% | 5% | Nasdaq-100 ETF | Live |
Security
Built like credit infrastructure
Oracle delay, LTV bands, and CEI + nonReentrant are enforced onchain. The pool is buildathon-scale - see Limits below. Not audited.
Oracle staleness guards
Price reads reject stale rounds before minting borrow capacity - aligned with Chainlink feed patterns on Robinhood Chain.
Conservative LTV bands
Borrow power sits below liquidation thresholds with room for equity volatility and corporate-action drift.
Safe transfer flows
Deposit, borrow, repay, and liquidate paths use checks-effects-interactions with an explicit nonReentrant lock.
Foundry-tested core
Unit tests cover over-borrow, interest accrual, and liquidation - ready for review-grade scrutiny.
Limits we accept
Stated plainly
Buildathon scope, not hidden footnotes. Judges should know what the contracts and pool actually do today.
Toy-scale USDG pool
Liquidity is owner-seeded at ~$5 USDG for the buildathon. Max borrow is whatever idle cash remains.
Owner can list markets
The market owner can list collateral and seed liquidity. They cannot seize a healthy account.
4-day oracle delay
Equity feeds are 24/5. maxOracleDelay defaults to 4 days so quiet weekends do not brick the desk.
Unaudited
Foundry unit tests cover over-borrow, accrual, and liquidation. No external audit yet.
Re-check addresses and pool state yourself: Verify every claim
Questions worth asking
Straight answers
- Who can borrow?
- Only a connected wallet that deposits listed Stock Tokens and stays within oracle LTV bands. Nothing borrows for you.
- Can anyone seize a healthy position?
- No. Liquidation requires debt above the liquidation threshold. Healthy accounts cannot be seized by liquidators or the market owner.
- What if the oracle goes quiet over the weekend?
- Equity feeds are 24/5. maxOracleDelay defaults to 4 days so a normal weekend does not brick the desk. Stale beyond that → actions that need a mark fail closed.
- How big is the pool?
- Buildathon-scale: owner-seeded at about $5 USDG idle. Max borrow is whatever cash remains after outstanding debt.
- Is this Morpho or knock-out leverage?
- Neither. BorrowDesk is its own multi-collateral credit market on Robinhood Chain mainnet. You keep the stocks and borrow the dollar.
- Is it audited?
- Not yet. Foundry tests cover over-borrow, accrual, and liquidation. Treat it as experimental buildathon software.
Open a line
Keep the upside. Borrow the dollar.
Deposit listed Stock Tokens, borrow USDG from the live pool, and monitor health in real time.