Liquidity,
minus the sale.
Post the stock and ETF tokens you already hold, take USDG in return, and keep your exposure exactly where it was.
Open app
See the process
Network id
4663
Robinhood mainnet
Stablecoin
USDG
peg not stated
Collateral
—
assets accepted not stated
Ether spot
—
gas not stated
Collection
supply not stated
Fuji
MarkSix-blade aperture
InkNear-black
AccentDeep green
TintPale sage
GroundTransparent PNG
The process
- Post
Send an eligible stock or ETF token in as security. It stays locked while the loan is open.
- Draw
Take USDG as far as the cap for that asset allows. Your token keeps tracking the market.
- Return
Pay back the USDG plus whatever it cost to hold, and the token is released to you.
Read this first. If the price of what you posted reaches the cutoff, the debt gets covered by selling that token off. Prices come from an onchain oracle, and equities can jump overnight, so leave yourself room.