What is Locate?
Locate brings lending and borrowing on Robinhood Chain into one interface. Morpho contracts hold market positions, account for interest, and handle collateral and repayments. You approve transactions from your wallet.
Locate is an independent product, unaffiliated with Robinhood or Morpho. A listed asset is not automatically an open lending market.
Getting started
- Choose Log in / Connect and connect your wallet.
- Use Robinhood Chain and keep some native ETH in your wallet for transaction fees.
- Open Markets to choose an available loan asset and collateral pair.
- Review the amount, rate, collateral requirements, and any market warnings before approving a transaction.
Tokens on another network cannot be used directly. Match the network and token contract, not just the symbol.
Lend an asset
In Lend, choose the asset, enter an amount, and select what borrowers provide as collateral. Your deposit supplies that exact market. Supplying USDG to one collateral market does not add liquidity to every USDG market.
MAX uses the connected wallet’s available token balance. Review the transaction, approve token access if requested, then confirm the deposit. An approval alone does not complete your deposit.
After confirmation, use Portfolio to manage lending or withdraw. Supply APY varies with borrowing activity; withdrawals depend on available liquidity.
Go to Lend ↗Borrow against collateral
Choose the asset to borrow, the amount, and your collateral. During transaction review, enter the collateral amount and check the resulting position before signing.
Borrowing requires both sufficient collateral and available loan tokens in that exact market. Depositing collateral does not create borrowing liquidity.
Debt accrues in the borrowed asset. Repay that asset plus interest. ETH markets use WETH in the contracts; native ETH is also needed separately for gas. Where wrapping is required, complete it before depositing collateral.
Go to Borrow ↗One deposit into a curated vault
Earn deposits USDG into a vault whose curator chooses lending allocations. This differs from choosing one isolated market in Lend. Vault shares represent your position.
Total vault assets include allocated lending positions and idle funds. An explorer’s wallet balance can therefore be much smaller. A verified vault APY is not currently displayed.
Manage deposits, withdrawals, and share redemptions on Earn. The Portfolio market view does not include vault positions. Withdrawals depend on liquidity and the vault’s configuration.
Go to Earn ↗Assets and market access
The current loan-asset catalog is USDG and WETH. USDG collateral choices include ETH, NVDA, AAPL, QQQ, SPY, TSLA, PONS, AI, INDEX, STONKBROKER, and CASHCAT. WETH’s listed collateral choice is NVDA. Stock and onchain-native tokens listed as collateral are not themselves available to borrow through these pairs.
Open means Locate has enabled access through a current review or explicit operator risk acceptance. PONS, AI, INDEX and STONKBROKER are open by risk acceptance. Their transaction lifecycle and collateral sales passed isolated-fork tests, while oracle manipulation resistance and source controls remain unresolved. Every transaction still needs live checks. Review pending means new positions remain unavailable. A risk acknowledgement does not unlock a blocked market.
Liquidity, review validity, oracle freshness, and applicable stock-market hours can affect availability. Use the current market screen and transaction review rather than treating this catalog as a guarantee.
Explore current markets ↗Rates and fees
Direct loans currently have no additional Locate fee. Earn currently has no additional Locate fee. The proposed 10% performance fee is not active.
Supply and borrow APYs come from onchain market data. Markets shows an annualized borrow APR converted from APY. These rates can change and are not guaranteed returns. Protocol or vault fees, where applicable, affect returns; check the current transaction review and vault information. Network gas fees are separate.
Understand your collateral
Each isolated market has its own loan asset, collateral, oracle, and liquidation threshold. An oracle supplies the price used to value collateral. Incorrect or manipulable prices can harm both lenders and borrowers.
If debt becomes too large relative to collateral value, the position can be liquidated. Interest growth and price moves can bring a position closer to liquidation. Adding collateral or repaying debt reduces that exposure, subject to a successful transaction.
Smart-contract failures, token restrictions, oracle problems, and limited liquidation liquidity can cause losses. A stablecoin’s price can also move away from its target. A checkbox acknowledges risk; it does not make a market safe.
Manage a position
Open Portfolio and select a position card or its Manage button. Lending positions offer lending and withdrawal actions; borrowing positions provide the relevant collateral and repayment actions. Earn positions are managed on Earn.
If a transaction is pending, check its explorer link before submitting again. If only an approval confirmed, continue to review the next step. A successful final transaction shows a confirmation and a link to Portfolio.
For an unavailable action, read the reason shown in the review: it may require more gas, a different network, sufficient liquidity, or current market validation. Never share your recovery phrase or private key.