denar

The book

Protocol overview

Total supplied

Lent into the markets

Total borrowed

Drawn against stock collateral

Utilisation

Borrowed over supplied

Open markets

9 / 9

Plus one ERC-4626 vault

For lenders

Earn with the vault

One deposit, spread across every market
dnUSDG · ERC-4626

Deposit asset

USDG

Global Dollar

One deposit, every market: the vault spreads USDG across the stock markets, each behind its own cap, and earns what borrowers pay.

Vault size
—
Your deposit
not connected
Withdrawable now
—
Seed capacity left
—

How it works

  • Lenders deposit USDG once; the vault allocates it across the stock markets.
  • Each market carries its own cap, oracle and liquidation parameters.
  • Yield comes from borrower interest and flows back into vault shares.
  • Withdrawals draw on unborrowed liquidity at any time.

Why the deposit caps?

Caps are the vault's blast-radius limiter — exposure to any single stock is known in advance. Raises pass a 1-day on-chain timelock so you see risk changes coming; lowering is instant. They step up as liquidation depth is proven.

How the vault manages risk

For holders

Borrow markets

isolated · Morpho Blue

Open vote

You choose the tenth market.

Four community tokens are on the ballot. $DENAR holders decide which one gets a market — signing is free, and your weight is whatever you hold when you sign.

Cast your vote→
PONS / USDG · isolated

Collateral asset

PONS

Pons

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
38.5%
Risk level
Medium

Connect a wallet to deposit PONS and borrow USDG.

AI / USDG · isolated

Collateral asset

AI

Artificial Inu

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
38.5%
Risk level
Medium

Connect a wallet to deposit AI and borrow USDG.

INDEX / USDG · isolated

Collateral asset

INDEX

The Index

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
38.5%
Risk level
Medium

Connect a wallet to deposit INDEX and borrow USDG.

NVDA / USDG · isolated

Collateral asset

NVDA

NVIDIA

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
62.5%
Risk level
Medium

Connect a wallet to deposit NVDA and borrow USDG.

AAPL / USDG · isolated

Collateral asset

AAPL

Apple

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
62.5%
Risk level
Medium

Connect a wallet to deposit AAPL and borrow USDG.

MSFT / USDG · isolated

Collateral asset

MSFT

Microsoft

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
62.5%
Risk level
Medium

Connect a wallet to deposit MSFT and borrow USDG.

TSLA / USDG · isolated

Collateral asset

TSLA

Tesla

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
62.5%
Risk level
Medium

Connect a wallet to deposit TSLA and borrow USDG.

SPY / USDG · isolated

Collateral asset

SPY

SPDR S&P 500 ETF

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
77%
Risk level
Low

Connect a wallet to deposit SPY and borrow USDG.

QQQ / USDG · isolated

Collateral asset

QQQ

Invesco QQQ ETF

Price

—

Borrow APR

—

Supply APR
—
Utilization
—
Available to borrow
—
LLTV
77%
Risk level
Low

Connect a wallet to deposit QQQ and borrow USDG.