BorroThe shelf
Every stock and USDG on Borro: what lenders earn, what borrowers and shorters pay, and what is free to borrow right now.
Supply
Lend a stock and earn rent from whoever borrows it, or lend USDG and earn interest from people borrowing against their stock. Take it back whenever it is on the shelf.
Lend a stock
At today's $BORRO price and deposits. Falls as others deposit, moves with the price. Vests over 30 days.
...
...
- Rented out...
- On the shelf now...
- Room left to lend...
Yours
- Lent, held in your wallet...
- Lent and posted as collateral...
- Earning a year at today's rate...
Take it back
Post what you lent
Lend USDG
At today's $BORRO price and deposits. Falls as others deposit, moves with the price. Vests over 30 days.
...
...
The Borro USDG vault
- In the Borro USDG vault...
- Lent out to borrowers...
- Ready to withdraw now...
- Room for new deposits now...
- Borro's fee...
The nine markets it lends into
Your USDG
- In the vault...
- Earning a year at today's rate...
Withdraw
Emergency exit
Where the vault lends
Borrow USDG
Post lent stock as collateral and borrow USDG against it. The stock stays lent and keeps earning rent while it is posted. If the stock falls far enough, the loan is closed for you.
Borrow against a stock
- Posted as collateral...
- Borrow limit...
- Rate, a year...
- Your loan's net rate, after what your posted stock earns...
- Free to borrow in this market...
- Health after this...
- Closed for you if the stock falls to...
- $BORRO on top...
Your loan
- You owe...
- Health...
- Limit used...
- Closed for you if the stock falls to...
Repay
Add collateral
At today's $BORRO price and deposits. Falls as others deposit, moves with the price. Vests over 30 days.
Take back collateral
Leverage a stock in one click
Your USDG and a loan in your name buy more of the stock than your money alone, all in one transaction. The stock is lent to its vault and posted, so it keeps earning rent while you hold it. Closing is one transaction too.
At today's $BORRO price and deposits. Falls as others deposit, moves with the price. Vests over 30 days.
- Position size...
- Borrowed in your name...
- Closed for you if the stock falls to...
- Loan rate...
- What the posted stock earns...
- Holding it, before prices move...
- Free to borrow in this market...
What can go wrong
- Losses are multiplied. At 1.5x, a 10% fall in the stock takes about 15% off your margin.
- It can be closed for you. If the stock falls to the price shown, the loan is closed with your posted stock and most of your margin is gone.
- Closing needs the stock on hand. If shorters have all of the vault's stock out, repay the loan above instead and take back your posted shares; they keep earning.
- Rates move. The loan's rate and the rent change with use every day. Nothing here is a promise.
Your leveraged longs
No leveraged longs open.
Short
Borrow shares and sell them in one step. If the price falls, buying them back costs less than you sold them for, and you keep the difference. The money held against a short earns interest while you wait.
Open a short
- Selling them brings...
- Borro's fee...
- Limit used after this...
- Closed for you if the stock reaches...
- Rent, a year...
- Held money earns, a year...
- Rent refunded at close...
- $BORRO on top...
- Holding it, before the price moves...
Your short
- You owe...
- Held against it...
- Limit used...
- Closed for you if the stock reaches...
- Price when you opened...
- Price now...
- The stock since then...
- Rent so far...
- Close now and get back...
Closing buys the shares back with the money held against them, returns them, and sends you what is left.
Other ways to manage it
Return shares from your wallet
Take back USDG
Build a basket
Pick a box set, or tick your own below
- Sale money, after the fee...
- Borro's fee...
- Limit used, fullest leg...
- A leg is closed for you if its stock rises about...
- Rent, a year...
- Held money earns, a year...
- Holding it, before prices move...
Close shorts together
Tick the shorts to close. They are bought back and closed in one transaction; if any one cannot close, none do.
No shorts open.
- Close these now and get back...
Pair trades
Long one stock and short another. The long leg is bought with USDG and lent to its Borro vault in your name, so it earns rent while you hold it. The short leg is a Borro short. The pair gains when the long does better than the short, and loses when it does worse.
Open a pair
At today's $BORRO price and deposits. Falls as others deposit, moves with the price. Vests over 30 days.
- Long price...
- Long leg costs...
- Long leg earns, a year...
- Short price...
- Short sale brings, after the fee...
- Rent, a year...
- Held money earns, a year...
- Limit used after this...
- Short closed for you if it reaches...
- From your wallet, at most...
- Holding it, before prices move...
What can go wrong
- Both legs can lose at once. The long can fall while the short rises. A pair hedges the market as a whole, not either stock.
- The short can be closed for you. If its stock rises far enough, the short is closed with the money held against it, like any Borro short.
- Lent stock can be rented out. Part of the long leg may be borrowed when you close; it comes back once borrowers return it.
- Rates move. Rent and lending rates change with use every day. Nothing here is a promise.
Your pairs
Pairs opened from this wallet, read from the chain. Each leg also shows on the Supply and Short pages.
No pairs open.
Stock farms
Put USDG and a stock into a Borro farm: a Uniswap pool run by Borro's own hook. Traders pay a fee to swap between the two. What the farm does not need for swaps is lent on Borro: the stock to shorters, who pay rent, and the USDG to borrowers, who pay interest.
Pick a farm
...
...
...
- You put in...
- Kept for swaps, then lent on Borro...
- You get...
- Comes back now...
- Comes as vault shares...
Your farms
Connect a wallet to see your farms.
This farm
- Farm price...
- In the farm...
- Kept for swaps...
- Lent on Borro...
- Swap fee now...
- Squeeze fee now...
- Rent on the lent stock...
- Interest on the lent USDG...
- Swap volume, 24 hours...
- Swap volume, 7 days...
- Fees to farmers, 7 days...
- Trading...
What can go wrong
- Prices move. A farm holds USDG and the stock. When the stock moves, swaps change your mix, and you can end up with less than if you had held the two.
- The price guard can pause swaps. When the stock's price feed is old, as on weekends and holidays, the farm stops trading, and it refuses a swap that would end more than 3% from the feed. Taking money out always works.
- Part can come back as vault shares. What the farm lent can be out with borrowers when you leave. That part comes to you as the vault's own shares, which keep earning; take them back on Supply once it is free.
- Rates move. Fees, rent, interest and $BORRO change every day. Nothing here is a promise.
Loading the chart
Chart: Hyperliquid perp, for reference. Borro's limits use Chainlink prices.
Or a box set: Meme Triple Feature, AI Box Set, Whole Store
Charts drawn with TradingView Lightweight Charts™, Copyright (c) 2026 TradingView, Inc.
Bear coins
Launch a coin on Pons whose creator fees short a stock on Borro. When the short makes money, its vault buys the coin back and burns it. You launch from your own wallet and you own the vault.
Launch a bear coin
Links X, Telegram, website
- 1Make your bear vaultYour wallet makes the vault for this stock. You own it.
- 2Launch the coin on PonsFees to the vault; Pons lists you as the developer.
- 3Bind the coin to the vaultThe vault checks Pons's own record of the coin.
What can go wrong
- The coin can go to zero. Like any coin on Pons. Nothing here holds its price up.
- The short loses when the stock rises. Its losses come out of the fees the vault collected, and a stock can rise without limit. The vault keeps the short small and trims it as it nears its limit.
- Fees only flow once people trade the coin. No trading means no fees, no short and no buybacks.
- Buybacks come only from profit. The vault buys the coin back and burns it only after the short has made money, and nothing says it will.
- You own the vault. You can close the short at any time and take the money out after 7 days of public notice, shown on the coin's row below.
How it works
- Creator fees from every trade of the coin go to its vault, on Pons's bonding curve and in its pool after.
- Borro's keeper swaps them to USDG and shorts the stock with them, using at most 40% of the short's limit.
- When the stock is 5% or more below where the short was opened, by its Chainlink price, a quarter of the short is closed. The profit buys the coin back and sends it to 0x...dEaD, where nobody can spend it.
- Every limit is written into the vault. The keeper can trade only inside them and can never take money out.
The three steps cost about 0.0002 ETH in gas at today's price, plus Pons's launch fee of 0.0005 ETH and your first buy, if any. These are the vault's default limits. You can change them later, inside caps written into the vault.
Bear coins on Borro
Every coin bound to a bear vault, read from the chain. Short sizes and P/L are at the stock's Chainlink price.
Short a coin
Bet against a graduated Pons coin, or lend yours and earn the rent shorters pay. Every coin has its own market and its own short cap, and shorts are judged by a price that follows the pool about 16 minutes behind, so a quick pump cannot close them out.
Coins from other launchpads join one by one, once Borro has checked who holds their pool's liquidity.
Or borrow dollars against a coin you hold, or lend dollars to the people who do. Each coin's dollar loans have their own vault and their own cap, so bad debt on one coin never reaches another.
Squeeze board
Lenders earn, a year
Paid by the shorters as rent. It moves with how much is shorted.
Dollar loans against this coin are not open yet. Anyone can open them: it makes the coin's own dollar vault and loan market, and puts 1 USDG into the vault for good, so it never starts empty.
Dollar lenders earn, a year
Paid by the people borrowing against this coin. It moves with how much is borrowed.
What can go wrong
If you short
- You lose when the coin rises. At about double the price you opened at, your short is closed for you and part of your collateral goes to whoever closed it.
- Anyone can squeeze it. Holders can buy the coin up on purpose to close shorts out. A price held for about 16 minutes counts.
- Trading costs. Selling and buying back through the coin's pool costs its fees both ways (about 3.5% on a Pons pool), plus rent while you hold.
If you lend
- Bad debt stays with this coin's lenders. If the coin jumps faster than shorts can be closed out, some shorts can owe more than they hold, and that loss comes out of the coins lent here. Nothing that happens to other coins touches yours.
- Lent coins can be rented out. What shorters have borrowed comes back as they close; until then only what is free can be taken back.
- Rent changes with demand. No shorts means no rent.
If you borrow against it
- You lose your coins if the coin falls. If it falls far enough, your loan is closed for you: your coins are sold to repay it, and part of them goes to whoever closed it. At the most you may borrow, that is about half the price you borrowed at.
- Anyone can dump it. Holders can sell the coin down on purpose to close loans out. A price held for about 16 minutes counts.
- Interest changes with demand. The more of this coin's dollars are borrowed, the more borrowing costs.
If you lend dollars
- Bad debt stays with this coin's dollar lenders. If the coin falls faster than loans can be closed out, some loans can owe more than their coins fetch, and that loss comes out of the dollars lent here. Nothing that happens to other coins touches yours.
- Lent dollars can be borrowed. What borrowers have taken comes back as they repay; until then only what is free can be taken back.
- Interest changes with demand. No loans means no interest.
List a coin
Any graduated Pons coin at least three days old and worth $10M or more that passes these checks can be listed, by anyone, in one step: listing deploys the coin's price feed and opens its market and its lending vault. Shorts open about 16 minutes later, once the feed has a price.
Dashboard
Everything this wallet has on Borro, read from the chain.
Connect a wallet
Your lending, loans and shorts on Borro show here, read from the chain.
Rates change. An estimate, not a promise.
Supplies
Nothing lent yet.
Borrows
No USDG borrowed.
Shorts
No shorts open.
In your wallet
$BORRO
Borro's coin on Pons. Creator fees from its trading buy it, and once a day it is shared out among people who lend stock, lend USDG or short. It has no promised value.
...
- Claimed so far...
- In your wallet...
- Claim list...
Where $BORRO comes from
- Bought withCreator fees from $BORRO trades on Pons
- Counted from...
- Last day shared...
- Shared so far...
- Next payout...
- Waiting in the claim contract...
- Promised by the live claim list...
- Claimed by everyone so far...
- The coin...
Pons takes a creator fee on every $BORRO trade, and Borro uses it to buy $BORRO. Once a day the rewards keeper shares that day's $BORRO across the pools below, and within a pool by size, with balances checked every hour. A day with nothing bought waits and is shared when $BORRO comes in. Each day's list of running totals waits two hours on chain before it can be claimed against, so a wrong one can be thrown out. How much there is depends on trading, and it can be nothing.
Stocks for holders
no claim neededWhen Borro buys a basket of real stock tokens, it is shared among $BORRO holders and sent straight to their wallets. There is nothing to claim.
- Who gets itWallets with 100,000 $BORRO or more, averaged over the day
- Last payout...
- Next payout...
- Sent out so far...
- Sent to your wallet...
- The contract
Part of the creator fees from $BORRO trading buys the basket, one purchase at a time, in equal parts. On a day with a basket waiting, every wallet's $BORRO is counted 144 times, at moments no one can know in advance, and the basket is split by each wallet's average, so holding for a moment earns next to nothing. Contracts and Borro's own wallets are left out. Each list waits two hours on chain, so a wrong one can be thrown out, and then the stocks are sent. A share worth under 5 cents waits until it is worth sending. How much there is depends on trading, and it can be nothing.
Early depositor drip
halves every 26 weeksBorro's owner has put $BORRO into a contract that lets it out a little at a time over 104 weeks, to people who lend stock or USDG on Borro. The amount let out halves every 26 weeks. What you earn vests over 30 days and is claimed here.
- Let out today...
- Next halving...
- Let out so far...
- Claimed by everyone so far...
...
- Vested so far...
- Still vesting...
- Given back to the pot...
- The contracts
Your multiplier
Lock $BORRO for a boost
Lock your own $BORRO for 1, 3, 6 or 12 months and every deposit of yours counts for more in the drip: up to 2x with a year left on the lock, less as the unlock date comes closer. The full boost needs $BORRO worth 10% of your deposits; a smaller lock gives a smaller part of it.
- Your lock...
- Unlocks...
- Its boost now...
- New unlock date...
- Boost on your deposits...
Locked $BORRO cannot be withdrawn before the unlock date. There is no early unlock, and no one, Borro included, can move it.
- Locked by everyone...
- The lock contract
Each day's share is counted after midnight UTC: 60% goes to stock lenders (the stock vault shares, such as bNVDA, held or posted as collateral) and 40% to USDG lenders (bUSDG); a side with nobody in it passes its share to the other. Within each side it goes by the dollar value of each deposit, checked 144 times a day at moments no one can know in advance, times a loyalty multiplier that grows from 1x to 3x over 90 days of keeping the deposit in. Taking more than 0.1% of it out sets that deposit back to 1x. A $BORRO lock multiplies that again, and no deposit counts for more than 6x. Each day's share vests evenly over the next 30 days. A withdrawal gives back the same part of what that deposit still has vesting, into the pot for everyone; taking everything out gives back all of it. Borro's own wallets and contracts are left out. Borro's owner can stop the drip at any time and take back what has not been let out yet; what has vested stays yours to claim. Each list waits two hours on chain before it can be claimed against, so a wrong one can be thrown out. How much a day brings depends on how much is deposited, and nothing here promises an amount or a return.
The weekly prize
Every week, the short that caught the biggest fall, in percent, takes the pot. The week runs Monday to Monday, midnight UTC.
- In the lead...
- Time left...
- To qualify...
- Last week...
How it is scored
- Open a short here by selling, big enough to qualify, and keep it open for at least an hour.
- Close it during the week. Your score is the smaller of two numbers, in percent: how far the stock's price feed fell while the short was open, and what your own trade made, sold against bought back.
- The best score of the week leads. When the week ends, anyone can press the button that pays the winner.
Two numbers are used so that neither a price feed left behind nor a pushed market can fake a score. Only the part of a short opened by selling here counts. In a basket, each stock is scored on its own. If nobody qualifies, the pot moves to the next week.
The rent pot
- In the rent pot...
- Rent refunded at close...
Borro's fees fill both pots: 30% to the weekly prize, 70% to rent refunds. Anyone can add more. When the rent pot is empty, refunds stop until fees refill it.
Rules and addresses
The terms everything on Borro runs on, and where to check them yourself.
House rules
- Stock lenders pay...
- USDG lenders pay...
- Shorters pay, on opening...
- Held money sits in...
- Rent refunds...
- Weekly prize...
- Shorting limit, SPY and QQQ77% of what is held
- Shorting limit, single stocks62.5% of what is held
- USDG borrowing limit, SPY, QQQ and NVDA62.5% of what is posted
- USDG borrowing limit, other stocks38.5% of what is posted
- Emergency exit from the USDG vault...
- Wait on risky lending changes3 days
- Wait on changing where shorts are sold2 days
- $BORRO payoutsDaily, counted from Oct 5
- $BORRO's part of the rates nowNot yet: no $BORRO paid
- Wait on a new $BORRO claim list2 hours
- Most the opening fee can ever be0.30%
- PricesChainlink, weekdays 24 hours
What can go wrong
- Lenders can lose stock. If a price jumps past what is held against a short before it is closed, that stock's lenders share the shortfall. Stock that is rented out cannot be withdrawn until it is returned.
- Shorts lose money when the stock rises. Rise far enough and the short is closed for you, and part of the money held is kept as the cost of closing it.
- Borrowed USDG can be closed for you. If the stock you posted falls far enough, part of it is sold to repay the loan, with a bonus to whoever does it. Posted stock is still lent, so a loss on the stock side lowers your collateral too.
- USDG lenders may have to wait. Withdrawals are paid from the market new deposits go to. If borrowers are using it, you wait for repayments or for the vault to move money, or take the emergency exit for a small fee.
- Held money is lent out. It sits in a vault Borro does not run, and can lose value if that vault takes a loss.
- $BORRO has no promised value. It can be worth nothing. How much is bought depends on trading and can be nothing, and claims depend on the list the keeper publishes.
- Rates with $BORRO in them look back, not ahead. Each pool's part is the $BORRO it was actually paid over the last 7 days, valued at the price the bot last paid for $BORRO, over what the pool held. It changes every day, and falls to zero if nothing is bought.
On chain
Verify on chain
Every market Borro lends in, read live from Morpho. Paste a market id into market(id) on Morpho's contract to check any line yourself.
...
Stock lent to shorters
USDG lent against stock
For agents
Borro has an MCP server, so an AI agent can read the shelf, a wallet's positions and the scores, and get transactions ready for the wallet's owner to sign. It never holds or asks for keys.
- Server
https://borro.markets/mcp - ProtocolMCP over HTTP, no sign-in
Claude Code
claude mcp add --transport http borro https://borro.markets/mcpClaude Desktop
Settings, Connectors, Add custom connector, then paste the server address above.
Other clients
{ "mcpServers": { "borro": { "type": "http", "url": "https://borro.markets/mcp" } } }Reads: the markets, one market, a wallet's positions, high scores, trades, bear coins, the pots, and the rules and contracts. Ready to sign: open or close a short or a pair, lend, take back, borrow, repay, and pay with ETH. Every transaction is simulated from the wallet first.