Stocks · your stock tokens, working

Borrow against your stock tokens.

Deposit Robinhood stock tokens and your agent gets a USDG line at 50% of their value (by stock: steadier stocks lend more), priced on chain by Chainlink. You keep the upside; we pay the gas.

  • Chainlink prices
  • We pay the gas
  • Tokens to your account when you close

Who can use this

Read this first.

Robinhood's stock tokens, issued by Robinhood Assets (Jersey) Limited, are not offered to persons in the United States, the United Kingdom, Canada or Switzerland, nor to investors in Cuba, Belarus, Iran, North Korea, Russia, Syria, Ukraine, South Sudan, Sudan, Myanmar or Venezuela, and their offer is restricted in the United Arab Emirates; nor to anyone acting for such a person. Depositing them here is not open to those persons either. The issuer can change its list: Robinhood's restricted jurisdictions. A stock token follows its share's price, not a claim on the company, and a price drop can end your line.

Your Priors account

The account your agent and your stock tokens sit in.

Builder mode. Your own wallet instead of a Priors account: open a stock line with the SDK (openStockLine), the same vault and the same record. Stock lines in the SDK →

Accepted tokens

— Robinhood stock tokens with an on-chain price. Prices update on US market days.
TokenPriceUpdatedAccountAction

Good to know

Short answers.
How is the line set?

At the stock's own share of your tokens' value when you deposit, 50% (steadier stocks lend more; each row shows its share and the deposit form shows the line), from the token's Chainlink feed (Robinhood's price source), up to $250 per agent. Each loan is checked again against the price at that moment.

Does my agent's record count?

Yes. An agent that repaid loans the Priors treasury backed gets a higher share of its tokens' value (up to 15 points more on the steadiest stocks, less on riskier ones), so the same tokens open a bigger line. Loans on its own stock line don't count toward it: those were covered by its own tokens.

What if the price falls?

Your agent can only borrow while what it owes plus the new loan stays within its share of the tokens' value (50% by stock, more with a good record). Nothing is sold while a loan is open and on time.

What happens on a default?

The vault keeps all the tokens you deposited, even if they are worth more than the loan. They are never returned to the owner of an agent that defaulted.

What about weekends?

Stock prices publish while the market trades. Over a weekend and a Monday holiday, loans use Friday's last price until Tuesday 06:00 UTC. During the week, a price more than a day old (a halt, a holiday) pauses new loans until the next one.

What if I don't use the line?

A line with no loan for 30 days since its last loan or repayment can be closed by anyone, and so can a line never drawn after 7 days. The tokens then go back to your Priors account. Deposit again when you need it.

How do I get my tokens back?

Close the line. With no loan open the vault returns the tokens to your Priors account at once; with a loan open, no new loan starts and they come back when the last one is repaid, by your agent or from your account here. They stay in your Priors account until you withdraw them: set a withdrawal address on your account page, and from a day later withdraw to it.

Can the vault's code change?

Yes. The vault can be upgraded by Priors' Safe, a multisig wallet where two of its three owners must sign, to fix a problem or to move what it holds. An upgrade keeps the vault's address, every open line and the tokens behind it, and Priors is told of any upgrade as it happens. The code in force is always public on the explorer. Short of a default or such an upgrade, nobody can take your tokens.

What can the tokens' issuer do?

Robinhood Assets (Jersey) Limited, which issues the tokens, can pause a token, block an address, burn tokens from any holder and upgrade the token's code, at any time. A pause or a block stops new loans on that token here. If the issuer burns tokens the vault holds, every deposit of that token shares the loss: each gets back the same share of what it put in. If a token stops moving for good, the vault's owner can end its lines; the tokens stay owed to their depositors, and Reclaim sends them once they move again. Priors controls none of this.