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Deposit stock tokens as collateral, borrow USDG against them, repay whenever you want. Your tokens sit in the protocol’s immutable contracts — nobody else can touch them while your position is healthy.

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Opening a position

1

Pick a market

Each stock has its own isolated market. In the app, open the card of the stock you hold — say NVDA — and press Borrow.
2

Add collateral

Deposit your stock tokens (approval + deposit). Adding collateral never requires a live price and works in every protocol state.
3

Borrow USDG

Borrow up to the market’s LLTV fraction of your collateral value — 62.5% on single stocks, 77% on the ETFs. The app shows your live maximum, bounded also by the market’s available liquidity.
Borrowing to the ceiling means any small dip makes you liquidatable. Treat ~80% of your maximum as a practical limit — and go lower into weekends and earnings dates.

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The two numbers that matter

Health factor compares your maximum allowed debt with your actual debt. Above 1.0 you are safe; below 1.0 anyone may liquidate you. It moves with the oracle price and with accruing interest. Liquidation price is the collateral price at which your health factor hits 1.0 — the number to compare directly with the chart. The app shows it on every position.

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Interest

Rates are set algorithmically by an adaptive model that steers each market toward ~90% utilization: heavily-borrowed markets get more expensive, idle ones cheaper. Interest accrues continuously into your debt. There are no fixed terms, no schedules, no penalties — repay any amount, any time.

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What always works — even when prices pause

This guarantee is structural: even if a price feed died permanently, every borrower could still repay and recover their collateral in full.

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The weekend, honestly

Outside US trading hours the oracle serves the last traded price — typically Friday’s close, all weekend. You can still manage your position against that price, but the real stock moves while the feed stands still. A position opened aggressively on Friday can be liquidatable the moment Monday’s price arrives. This is the inherent cost of equity collateral; Denar’s conservative LLTVs exist to buffer it, not erase it. Read the full picture on Oracles & market hours.

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Good habits

  • Watch the liquidation price, not just the health factor.
  • Repaying a little or adding collateral are the fastest ways out of danger — both work 24/7, in every protocol state.
  • Set your own alerts; markets move while apps sleep.