Borro
Open app
Opening soonon Robinhood Chain
Rent out your shares.Or short them.
Lend stock tokens and collect rent from whoever borrows them. Borrow USDG against them, or short a stock in one step, on Robinhood Chain.
Lend stock or USDG on Borro and earn rent, interest and $BORRO. See what each pays
Products
Nine stocks and USDG, from your own wallet.
-
Lend stock or USDG
Earn rent from whoever borrows your shares, or interest from people borrowing against theirs. Take it back whenever it is on the shelf.
...stock, on $1,000, Drip included...USDG, on $1,000, Drip included -
Stock farms
Put USDG and a stock into a Uniswap pool run by Borro's own hook. Traders pay fees to swap, and what swaps do not need is lent on Borro for rent and interest.
1.5xthe $BORRO Drip on what a farm lends -
Borrow USDG against your stock
Post lent stock and borrow dollars. It keeps earning rent while it is posted.
... -
Short a stock or a basket
Borrow and sell in one step. The money held against it earns interest while you wait, and the best short of the week takes the prize.
......The best short of the week takes the pot. -
Leverage a stock in one click
Your USDG and a loan in your name buy more of the stock, lent and posted so it keeps earning. Closing is one transaction too.
1.8xthe most, on SPY, QQQ and NVDA -
Pair trades
Long one stock and short another in one go. The long leg is lent, so it earns rent while you hold.
LongNVDAShortTSLA -
Short a coin
Bet against a graduated Pons coin, or lend yours for the rent shorters pay. Shorts are judged by a price about 16 minutes behind the pool, so a quick pump cannot close them out.
16 minprice delay against a pump -
Bear coins
Launch a coin on Pons whose creator fees short a stock on Borro. When the short makes money, the coin is bought back and burned.
The coin can go to zero, and the short loses when the stock rises. Nothing here is a promise. -
The $BORRO Drip
50,000,000 $BORRO let out to stock and USDG lenders over 104 weeks, halving every 26. Plus $BORRO bought with creator fees, shared out daily.
...a day to depositors, at today's price
Lender rates include the $BORRO each pool was paid over the last 7 days, at the price the bot last paid. They change every day.
On chain
Borro's activity and contracts on Robinhood Chain.
Lent by stock
Latest trades
- Reading the chain
House rules
The short version is on each line. Open one to read it in full.
Lenders can lose stock
If a stock jumps further than the money held against a short covers before the short can be closed, the shortfall is shared by that stock's lenders.
Shorts can lose more than the deposit
A stock can rise without limit. If it rises far enough the short is closed for you, and part of the money held is kept as the cost of closing it.
Prices rest when the market rests
Rentals are priced by Chainlink's feeds for Robinhood stock tokens, which update around the clock on weekdays and pause over the weekend. A big weekend move lands all at once.
You may have to wait
Stock that is rented out is not on the shelf. If every share is out, lenders wait for a return before withdrawing. Rates rise sharply when the shelf is nearly empty, which pushes borrowers to return.
Held money is lent out
Money held against a short sits in the Steakhouse USDG vault on Morpho, which Borro does not run. It earns that vault's interest, it can lose value if the vault takes a loss, and if the vault is short of cash a close has to wait.
Borrowed USDG can be closed for you
USDG borrowed against posted stock has a limit: 62.5% of what is posted for SPY, QQQ and NVDA, 38.5% for the rest. If the stock falls far enough, part of what you posted is sold to repay the loan, with a bonus to whoever does it. Posted stock is still lent out, so a loss on the lending side lowers it too.
USDG lenders may have to wait
The Borro USDG vault pays withdrawals from one market. If borrowers are using it, you wait for repayments or for money to be moved back. An emergency exit pulls from another market for a small fee, never over 2%, which stays with the other lenders.
Each stock in a basket stands alone
A basket opens and closes in one transaction, but each stock in it is its own short with its own limit. If one stock rises far enough, that short is closed for you while the others stay open.
$BORRO is not a promise
$BORRO is a coin launched on Pons. Creator fees from its trading buy it, and it is shared out once a day to people who lend or short. How much there is depends on trading and can be nothing. It has no promised value and can be worth nothing, and claims follow a list the rewards keeper publishes.
The pots can run dry
Rent refunds and the weekly prize are paid from two pots that Borro's fees fill. Little trading means small pots, and an empty pot pays nothing. Nothing here is a promise of income.
Nothing of yours sits with Borro
Lent stock and lent USDG sit in vaults and markets deployed from Morpho's own contracts on Robinhood Chain. Collateral you post is held on Morpho in your own name. Each shorter gets an account of their own on Morpho. Borro's shorting contract and the router that lends and posts in one step hold nothing between transactions, and act only for whoever calls them. An owner can always get out without Borro: repay on Morpho, then take back what was posted or held.
Settings change slowly
Anything that could hurt a lender, such as raising a lending fee or lending to a new market, waits three days on chain before it takes effect. Changing the market a short is sold in waits two days. A new $BORRO claim list waits two hours, so a wrong one can be thrown out. The fee on opening a short can never pass 0.30%.