Docs

What LOAF is

LOAF lets you borrow USDG against tokenized stocks on Robinhood Chain without selling them. Keep your exposure to the stock, unlock stablecoin liquidity against it. Borrow against your stocks — keep the loaf.

How it works

You deposit a tokenized stock — for example TSLA — as collateral into a Morpho market, then borrow USDG against it. The market's LLTV (loan-to-value ceiling) caps how much you can borrow: at 77% LLTV, $100 of collateral backs up to $77 of debt. LOAF is a front-end on Morpho — it doesn't hold your funds or run its own lending protocol; the markets are Morpho's.

The gap — the important part

Tokenized stocks trade 24/7 on-chain, but the underlying stock market is only open on weekdays, 9:30–16:00 ET. When it's closed, the on-chain price can drift away from the real reference price with no live anchor — and then snap back when the market reopens. That overnight and weekend drift is the gap, and it's what can liquidate you while you sleep. LOAF shows the live gap and a clear MARKET OPEN / CLOSED state so you can see the risk building before it hits.

Liquidation

Your health factor measures how far your position is from liquidation: at 1.00 you're at the edge, higher is safer. Your liquidation price is the collateral price at which that happens. Because the gap builds while the market is closed, a position that looks golden on Friday can be burnt by Monday's open — watch the gap and your health factor together, not just one.

Markets

TSLA/USDG is live now. Other tokenized stocks — NVDA, AAPL, and more — appear as Morpho lists markets for them. Until then they sit proofing on the home page.

Not financial advice

LOAF is a tool, not advice. Borrowing against volatile collateral can lead to liquidation and loss. Understand the risk before you use it.