SPRAG

First loan that pays itself back from memecoin pool fees: pledge stocks or ETH, keep them, and let the volume clear your debt.

[SPRAG @SPRAG_RH]

$SPRAG IS LIVE

The first loan that repays itself from memecoin pool fees, Now live on Robinhood Chain.

- Pledge stocks or ETH
- Borrow USDG
- Pick a memecoin pool
- Every swap pays your debt down

Your stocks are never sold

The memecoin chart can't liquidate you

The loan gets lighter the longer you hold it

CA: 0x6f3d7f33b3bb92c2bf5e918cf9959a78aca11be8

[SPRAG @SPRAG_RH]

nope, not audited, and i won't pretend otherwise.

i didn't write my own lending market or oracle though. morpho holds the collateral, uniswap holds the liquidity. my layer on top is immutable and capped at 20k, i can pause new positions but i can't touch yours or stop you closing.

https://t.co/wisX7op8Ho. audit is first in line when there's revenue for it.

[SPRAG @SPRAG_RH]

how borrowing a memecoin works on Sprag

- paste any memecoin CA
- pledge USDe, a stock, or ETH, it stays yours
- Sprag borrows USDG against it and buys the memecoin for you
- set your exits upfront, like half at 2x, rest at 3x

if it pumps, your exits sell into it and pay the loan down. debt cleared, the rest of the bag is yours and your collateral comes back

if it dumps, the meme can't liquidate you, only your collateral decides that, but the loan is USDG, so you still owe it

close any time, your collateral is never sold to pay for any of this

https://t.co/PhivQ8neJq

[SPRAG @SPRAG_RH]

@MeeMoonAI noted

[SPRAG @SPRAG_RH]

v1 is basically where i wanted it now

so before i pick what's next: what's actually missing for you?

last round of feedback changed what i shipped this week, so this isn't a formality, tell me what's broken or confusing.

[SPRAG @SPRAG_RH]

@3ky_eth noted, simplifying it, thank you

[SPRAG @SPRAG_RH]

@MeeMoonAI fixed.. try closing them now, should work

[SPRAG @SPRAG_RH]

Borrow any memecoin token on robinhood chain is live on sprag!

Paste the CA
Type how much USDG
Pick what backs it - USDe, a stock, ETH; it stays yours
set a ladder: "sell half at 2x, rest at 3x", sign once

sprag borrows USDG against your collateral, buys the token, and holds it so it can sell at your ladder prices - the proceeds pay your loan down, sell, withdraw, or close any time; closing brings your collateral back.

portfolio shows it like a trade: entry mcap vs now, sold vs held, what closing means, every move with its tx.

the honest part: the debt is USDG whatever the token does, token to zero, you still owe it, token 3x, the ladder clears the loan and the rest is yours.

every @ponsdotfamily launch works from day one - it swaps straight through uniswap v4.

https://t.co/PhivQ8neJq

[SPRAG @SPRAG_RH]

@corvosnigrum noted

[SPRAG @SPRAG_RH]

@Cryptomythz 👀

[SPRAG @SPRAG_RH]

Liquidation protection is live on Sprag

If your collateral slides toward its liquidation price, the vault clears part of the debt before a liquidator can -from your position's trading fees first, then a slice of its liquidity.
Your collateral stays where it is.

It runs on its own, anyone can trigger it, and Sprag takes no fee for it.

[SPRAG @SPRAG_RH]

small update, big one for anyone who bounced off the borrow page.

someone told me straight: "this is another language to non-defi people, and the numbers only show up after messing with the fields." they were right.

so /borrow now opens on the simple version, two questions:
- how much do you want to borrow
- what do you own that backs it

pool, range, slippage, all of it - picked for you, and the answer shows up while you type: "clears itself in about N days", fees vs interest, in plain words.

then one checkbox and open, that's the whole thing.

the full builder didn't go anywhere. it's under "adjust it yourself".

[SPRAG @SPRAG_RH]

you're right, it reads like a tool for people who already know what a tick range is, which is nobody I'm trying to reach.

next ship: one button, "recommended" - deepest pool, safe range, done, the knobs move under an "adjust yourself" fold for the ones who want them.

thanks for saying it straight

[SPRAG @SPRAG_RH]

@Schina111 anon for now, and i won't pretend otherwise

what i can point you to instead: the contracts are public, the lending runs on Morpho, the liquidity is owned by your own wallet, and exposure is capped at 20k so a rug wouldn't be worth much

verify the code, not me!

[SPRAG @SPRAG_RH]

Leverage that pays for itself.

Pledge NVDA, Borrow USDG against it, The borrow goes into the NVDA/USDG pool - half of it becomes NVDA again, so you hold up to 1.3× what you pledged.

The difference from every other leveraged long: no interest bill, The pool's traders pay the loan down.

One click on https://t.co/bDA9hYmfbj
Also AAPL, GOOGL, SPCX.

[SPRAG @SPRAG_RH]

shipped two things for people who actually hold $SPRAG

1/ the rewards pool now counts what's in your wallet. hold 1M+ SPRAG and your loan gets a 1.5x weighted cut of every round. same pool, bigger slice, no new promises.

2/ points, one per USDG per day your position stays open, counted from the first block ever - every borrower so far is already on the board, holders get 1.5x here too.

no snapshot, no form, nothing stored. it's read straight off the vault's events, so anyone can recompute it.

what the points turn into gets announced when season 0 end, not before.

https://t.co/T9oSmIAbDo

[SPRAG @SPRAG_RH]

your collateral sits in a @Morpho market, not with us. we can't touch it, and it's never sold

the liquidity from your loan is a Uniswap position your own wallet owns. our keeper can only push fees onto your debt, nothing else

what can still take it: normal liquidation, if your collateral price drops or interest builds up too far

[SPRAG @SPRAG_RH]

@anon_wildman @AltcoinMillie 🔨

[SPRAG @SPRAG_RH]

Sprag Earn is live now!

Lend USDG to the same Morpho markets Sprag borrowers draw from, and take the rate they pay, Your USDG goes from your wallet straight to Morpho,We never hold it

Live right now: USDe 3.90%, syrupUSDG 3.55%, mGLO 4.86%, wsNET 32.69%. Variable, not promised: it's the borrow rate times the share of the pool actually lent out.

Most stock markets pay 0% today because nobody borrows there yet, Supplying into one is what makes that collateral usable on the Borrow page, The lenders decide which stocks work.

And the loop closes: 5% of every pool fee Sprag harvests now flows into the rewards pool, which pays down open loans. Borrowing feeds the fund that repays borrowers.

Next: SPRAG staking, once that fee flow is worth sharing.

[SPRAG @SPRAG_RH]

happy to do it here

your borrowed USDG becomes a Uniswap position your wallet owns, every swap in that pool pays it a fee, and a keeper harvests those fees onto your debt. at zero, your collateral unlocks and the liquidity is yours

caveat: out of range = no fees, and slow volume = slow repayment while interest still runs