denar
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.

Enter App→Read the docs

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.

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.

PONS
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.

USDG

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

7 / 7

Plus one ERC-4626 vault

Markets

live on chain
MarketPriceSupplied · USDGAvailable · USDGBorrow APRLLTV
PONS/USDGPonsOn-chain38.5%›
NVDA/USDGNVIDIAStock62.5%›
AAPL/USDGAppleStock62.5%›
MSFT/USDGMicrosoftStock62.5%›
TSLA/USDGTeslaStock62.5%›
SPY/USDGSPDR S&P 500 ETFETF77%›
QQQ/USDGInvesco QQQ ETFETF77%›

Isolated Morpho Blue markets · Chainlink price feeds · liquidations route through Rialto

Open the app

How it works

Three moves, and none of them is selling.

  1. 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.

  2. 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.

  3. 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→

Next from Denar

dUSD — a dollar whose reserve works for you.

Minted 1:1 against USDG, backed by tokenized T-bills and these lending markets, with every cent the reserve earns paid to staked sdUSD. The design is public now — and points earned in the markets today carry priority access at launch.

See how it will work→

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.

00061218

UTC · 24 / 5