Little BORRO is looking pretty good for lending and borrowing. Just launched: rent out your stock tokens and earn rent 🏷️
Borro on @RobinhoodApp Chain: 9 stock tokens including SPY/QQQ/NVDA, plus USDG. List them for others to borrow, and borrowers pay you.
Lend stocks at 1,795% APR (based on $1,000)
Borrow USDG against collateral at rates as low as 0.63% APR, while your stocks keep earning rent
Short positions open with a 0.10% fee, all in one step
146,520 $BORRO distributed daily, split among all depositors — only $5.2K is currently borrowed on-chain, so the fewer depositors, the more you get. 181 days until the halving.
Very early stage; participate at your own risk.
Borro on @RobinhoodApp Chain: 9 stock tokens including SPY/QQQ/NVDA, plus USDG. List them for others to borrow, and borrowers pay you.
Lend stocks at 1,795% APR (based on $1,000)
Borrow USDG against collateral at rates as low as 0.63% APR, while your stocks keep earning rent
Short positions open with a 0.10% fee, all in one step
146,520 $BORRO distributed daily, split among all depositors — only $5.2K is currently borrowed on-chain, so the fewer depositors, the more you get. 181 days until the halving.
Very early stage; participate at your own risk.