Launch app

For USDG lent in Robinhood Earn

Same USDG. More of it back.

Robinhood Earn lends your USDG through a Morpho vault. Borro is a separate lending market on Robinhood Chain. Here are both rates right now, and how to move.

Open Borro How to move your USDG

Robinhood Earntoday

Morpho rewards included

Borrotoday

Merkl and $BORRO rewards included

A year on $1,000 at today's rates and $BORRO price. Rates change. Not a promise.

  • Paid in USDGMerkl's fixed 12%, while its budget lasts
  • Paid in $BORROThe Drip, shared by every USDG lender. Vests over 30 days.
  • Your sharesbUSDG, in your own wallet
  • WithdrawalsWhenever the vault has USDG on hand

How to move it

From Earn to Borro, in two Robinhood apps.

Borro isn't inside the Robinhood app: the Earn wallet only lends to Robinhood's vault. So the USDG comes back to your Robinhood account, then over to Robinhood Wallet, where you open Borro.

  1. Robinhood appWithdraw from Earn.

    Earn or the USDG page, enter the amount, Review, Submit. The USDG goes back to your Robinhood Crypto balance.

  2. Robinhood WalletBring the USDG onto Robinhood Chain.

    Home, Buy, choose USDG on the Robinhood Chain network, log in with your Robinhood account, enter the amount, Review, Submit. Bring a little ETH on Robinhood Chain the same way: fees there are paid in ETH, and a dollar's worth covers many transactions.

  3. Robinhood Wallet's browserOpen Borro and lend.

    Web3 (the globe), go to borro.markets/app, Connect, pick USDG, enter the amount, Lend, confirm. Your bUSDG shares land in your wallet.

  4. Merkl, same browserClaim the USDG rewards when you like.

    app.merkl.xyz, connect, Claim. Merkl keeps a running total for your wallet.

What to know

Read this before you move.

Borro is not Robinhood

Borro is independent and not affiliated with or endorsed by Robinhood. Robinhood's insurance for Earn covers Robinhood's program, not Borro. No deposit insurance applies.

The 12% has an end date

It's Merkl's fixed rate, paid in USDG while the campaign's budget lasts. After it ends, USDG lenders earn the lending rate and the Drip.

$BORRO can be worth nothing

The Drip is paid in $BORRO and vests over 30 days. It's shared, so its rate falls as deposits grow, and it moves with the price.

Smart contracts can fail

Your USDG is lent to borrowers who post stock tokens. If borrowers hold the USDG, withdrawals wait for repayments. See Security.