Velix

Borrow

Supply a yVelix position as collateral and borrow against it, without selling the underlying stock or giving up the yield.

Not available
No lending market on Robinhood Chain accepts Velix vault shares as collateral yet. Velix will integrate an established lending protocol rather than write its own.

How it will work

  1. 01Deposit NVDA and receive yNVDA.
  2. 02Supply yNVDA to an established lending market as collateral.
  3. 03Borrow USDG or USDC against it while the underlying keeps earning.

Velix will not write its own lending protocol. An unaudited lending contract sitting under user collateral is the most dangerous thing this codebase could contain. The integration layer is built against the LendingProvider interface so an established protocol can be plugged in when a market exists.