Publish terms
Choose a side, collateral, principal, fixed APR, LTV, duration, and written conditions. Your wallet escrows your side.
Robinhood ChainOpen market
PROTOCOL GUIDEUnderstand the deal
Understand the deal
before you sign.
A plain-language guide to LendHood’s loan lifecycle, pricing, fees, safeguards, and risks.
MAINNET ACTIVERobinhood ChainChain ID 4663 · 24/7 lending
HOW IT WORKS
One agreement. Two signatures.
Meet a counterparty
Another wallet reviews the immutable terms and supplies the other asset. Nothing activates without both sides.
Onchain escrow
The contract holds collateral and principal, records the loan, and enforces settlement using verified prices.
Settle the loan
Repay, add collateral, monitor health, or liquidate an eligible position through permissionless contract actions.
USING LENDHOOD
Choose your side of the market.
The live protocol uses one maker and one counterparty for each fixed-rate loan.
AS A BORROWER
Borrow USDG against stock tokens
- Connect the right wallet
Use a wallet holding a supported Robinhood Stock Token and enough ETH for Robinhood Chain gas.
- Choose your collateral and terms
Select Create borrow request, then choose the stock token, USDG amount, fixed APR, maximum LTV, duration, and written conditions. The interface calculates the collateral required from current onchain prices.
- Approve and escrow collateral
Approve the exact collateral amount and publish the terms. The stock tokens move into the protocol contract. You can cancel an unmatched offer to receive them back.
- Wait for a lender
Your request appears in the public market. One lender must accept the exact terms and provide the full USDG principal; loans are not automatically split across lenders.
- Receive USDG
When the lender’s transaction confirms, the loan activates and the principal—less the 0.20% origination fee—is sent to your wallet.
- Monitor your current LTV
Use My Deals and Settlement to compare current LTV with the liquidation threshold. Price-based liquidation can become available immediately after that threshold is crossed; there is no pre-liquidation grace period.
- Add collateral or repay
You can add the same collateral token at any time. Repayment is currently full rather than partial, and early repayment charges only interest accrued to that point—there is no early-payment penalty.
- Unlock collateral
After full repayment confirms, principal and interest go to the lender and all remaining collateral returns to the borrower’s wallet.
AS A LENDER
Lend USDG at a fixed APR
- Connect a funded wallet
Use a wallet holding USDG and enough ETH for Robinhood Chain gas.
- Review the market
Browse borrow requests by collateral, principal, fixed APR, duration, LTV, and written conditions. Verify every term before signing.
- Accept or publish
Accept an existing borrow request, or create a funding offer with the minimum fixed APR and collateral terms you require.
- Approve and escrow USDG
A funding offer escrows the full principal while it waits. It does not earn fallback-pool yield, but you can cancel the unmatched offer to recover the USDG.
- Activate one bilateral loan
One borrower supplies the full required collateral and accepts the exact terms. After confirmation, the net principal is released to that borrower and your fixed-rate loan begins.
- Track the position
My Deals and Settlement show the principal, accrued amount due, maturity, current LTV, liquidation threshold, and onchain status.
- Receive repayment
When the loan is fully repaid, you receive principal plus accrued interest, less LendHood’s 7.5% share of earned interest.
- Understand enforcement
Unhealthy loans can be partially or fully liquidated by eligible transactions. After maturity plus the three-day grace period, the lender can claim a default. Liquidation, collateral value, and reserve coverage are not guaranteed.
FREQUENTLY ASKED
Protocol FAQ
Important answers for borrowers, lenders, and liquidators.
What is LendHood?+
LendHood is a peer-to-peer, fixed-rate lending market on Robinhood Chain. Borrowers and lenders publish terms, and a loan begins only when another wallet accepts those exact terms.
How does a loan start?+
The maker publishes a borrow request or funding offer and escrows their side of the deal. A counterparty reviews the terms, supplies the other asset, and signs. The protocol then activates the loan and escrows both sides atomically.
Is lending available 24/7?+
Yes. Users can publish and accept terms at any time. Robinhood equity price feeds normally update 24/5; outside publisher hours, the protocol can use the last verified value for up to 72 hours. Actions stop if that limit is exceeded or the token reports an oracle pause.
Which collateral assets are supported?+
LendHood supports AAPL, AMD, AMZN, ASML, BABA, CLSK, COIN, CRCL, CRWV, DELL, GME, GOOGL, INTC, IONQ, META, MSFT, MSTR, MU, NBIS, NVDA, ORCL, PLTR, QQQ, RGTI, RKLB, SNDK, SPCX, SPY, TSLA, TSM Robinhood Stock Tokens. Loans are denominated in USDG.
What fees does LendHood charge?+
The protocol charges a 0.20% origination fee on principal and takes 7.5% of the interest earned on a completed loan. For example, if a lender earns 10 USDG of interest, the protocol fee is 0.75 USDG. It is not an additional 7.5% charge on the loan principal. Robinhood Chain gas is paid separately.
What happens to protocol fees?+
Protocol fees first fund the onchain backstop up to its configured target. After required backstop funding, LendHood plans to use 50% of protocol fees available to treasury to buy back the LendHood token once the token, execution rules, and public reporting process are formally launched. The remaining 50% supports protocol operations and treasury. No token buyback program is active today, and future purchases are not guaranteed.
Who chooses the interest rate?+
Borrowers and lenders choose their own fixed APR when publishing terms. LendHood does not set a universal lending rate, and another wallet must voluntarily accept the published terms before a loan begins.
How is interest calculated?+
Interest is fixed by the signed APR and loan duration. The amount due is calculated by the contract from the loan principal, rate, and elapsed contractual term; review the final wallet transaction and onchain agreement before signing.
What are the current launch limits?+
Each loan must be between 100 and 500 USDG. Total protocol debt is capped at 2,500 USDG, and each supported collateral market is capped at 10 tokens during the limited launch.
How are liquidations handled?+
Liquidation is permissionless when an active loan crosses its onchain liquidation threshold. Keepers monitor positions, but automation, liquidity, oracle availability, and transaction inclusion are not guaranteed.
What happens when a loan matures?+
The borrower can repay the amount due through Settlement. After the configured maturity grace period, an unpaid loan can enter the contract’s default process and collateral may be claimed according to the signed terms.
Can I add collateral?+
Yes. A borrower can add more of the same collateral token to an active loan from the Settlement page. Adding collateral lowers the loan-to-value ratio but does not change the signed principal, APR, or maturity.
Are funds held by LendHood?+
Assets are held by the onchain protocol contract according to the loan state, not in a conventional LendHood user account. Wallet approvals should be reviewed carefully before signing.
Can the protocol be upgraded?+
Yes. The live protocol uses an upgradeable proxy controlled by the administration Safe. An upgrade can change contract logic, while proxy-held state and assets remain at the same address. This introduces governance risk and users should monitor administrative transactions.
Is repayment or liquidation guaranteed?+
No. Smart-contract controls, exposure caps, monitoring, and a fee-funded backstop reduce risk, but they do not guarantee repayment, collateral value, liquidation execution, oracle availability, or recovery of funds.
Verify the protocolContracts and administrative actions are public onchain.