Kabudex
Open the appConnect a wallet and see every stock you hold.
SwapTrade a stock token against dollars or ETH.BridgeBring funds in from Ethereum, Base, Arbitrum or BNB Chain.BasketsBuy a whole portfolio with one signature.EarnPut idle USDG into a lending vault.LendSupply dollars to markets backed by stocks.LaunchCreate a token paired with a stock.
One basket, one order
You sign
One transaction
Kabudex routes
Every leg to its deepest pool

Each leg carries its own minimum, so a bad price on one stock stops the whole order.

Every order is built in your browser and signed by your wallet.How routing works
XReleases and announcements.ExplorerEvery contract Kabudex calls, on Blockscout.
Every order is built in your browser and signed by your wallet.How routing works
Start hereLitepaperKabudex in ten minutes: what it routes, what it never holds, and where the fees go.Read it
01Get startedWhat Kabudex is, what it never holds, and your first order.02TradeSwap and bridge, how quotes are found, what each one costs.03BasketsWhole portfolios, bought and sold in one transaction.04Earn and lendVaults for idle dollars and markets backed by stocks.05LaunchpadCreate a token paired with a stock and choose where its fees go.06$KABUDEXWhat the token is for and how fees reach it.
Every order is built in your browser and signed by your wallet.How routing works
App
PortfolioEvery stock you hold.SwapTrade a stock token against dollars or ETH.BridgeBring funds in from Ethereum, Base, Arbitrum or BNB Chain.BasketsBuy a whole portfolio with one signature.EarnPut idle USDG into a lending vault.LendSupply dollars to markets backed by stocks.LaunchCreate a token paired with a stock.
Read
LitepaperKabudex in ten minutes.DocumentationGuides for every operation.
Links
XReleases and announcements.ExplorerEvery contract Kabudex calls, on Blockscout.
Documentation/Earn and lend

Lend

Morpho Blue markets on Robinhood Chain accept stock tokens as collateral. You can lend USDG to them and earn what borrowers pay, or post a stock and borrow USDG against it.

2 min read

How a market is defined

A Morpho Blue market is fixed by five values: the token lent (here USDG), the collateral token (for example NVDA), the oracle that prices one in the other, the interest-rate model, and the liquidation threshold, called LLTV. Nobody can change them after the market exists. The stock markets on Robinhood Chain use an LLTV of 62.5%. Morpho Blue lives at 0x9D53d5E3bd5E8d4Cbfa6DB1ca238AEA02E651010.

Lending USDG

Supplying USDG to a market earns the interest its borrowers pay, shared among all lenders. Rates in the stock markets are high because nearly everything supplied is borrowed. The same fact means a withdrawal can only take what is not lent out at that moment.

Borrowing against a stock

  1. 1
    Post collateral

    Approve the stock token, then supply it as collateral with supplyCollateral. It stays yours, locked in the market.

  2. 2
    Borrow

    Borrow USDG up to a level you are comfortable with, below the LLTV. The app shows your loan to value before and after.

  3. 3
    Watch the ratio

    Your loan to value is the debt divided by the collateral's value at the oracle price. If the stock falls, the ratio rises.

  4. 4
    Repay and withdraw

    Repay any amount at any time, then withdraw the collateral that is no longer needed.

Liquidation

If your loan to value goes above the market's LLTV, anyone may repay part of your debt and take collateral worth more than they repaid. That bonus is the liquidation penalty. Keep a margin: stock tokens can move when the US market opens, and an issuer pause can stop you from adding collateral at the worst moment.

Health of a position
loanToValue = debt / (collateral x oraclePrice)
liquidatable when loanToValue > lltv          // 0.625 for the stock markets

Liquidity today

The stock-collateral markets are small and highly used. A market can show a high supply rate with very little left to borrow. The app shows supply, borrow and available liquidity for each market before you act.

Kabudex takes no fee on lending. The market's oracle, its parameters and the Morpho contracts carry the risk; read Risks before borrowing.

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