TSLA-backed loans · Robinhood Chain 46630
StockReef helps reduce TSLA-backed debt before market closures and controls when new USDG credit can resume.
On Robinhood Chain testnet, the market uses Paxos USDG and faucet TSLA. The app runs a scripted Friday close and Monday reopening for the TSLA price and clock; balances, limits, amounts and every transaction come from the deployed contracts.
Values above are read from the deployed contracts on Robinhood Chain 46630.
A funded repayment reduces this loan before the close.
Fixed TSLA price: 400 USDG. Full calculation below.
The control sequence
A lender deposits 85 USDG. A borrower posts 0.25 TSLA and borrows 72 USDG. A funded 7 USDG buffer executes first, reducing debt to 65 USDG and loan to value from 72% to 65%. A liquidator trim is an alternate action only if debt remains eligible.
When trading closes, new borrowing and debt-backed TSLA withdrawals lock. Manual USDG repayment and TSLA deposits stay available.
A fresh 400 USDG TSLA price is accepted. A liquidator can submit an eligible recovery trim. After the recovery interval, new credit becomes eligible if the market remains open and the lender book is unimpaired.
Friday example
At a fixed price of 400 USDG per TSLA, 10,000.00 USDG of collateral secures 7,200.00 USDG of debt. At 15:15, the falling threshold is about 71.667%, making this 72% LTV loan eligible for a trim.
Borrower USDG repays debt. TSLA stays in the loan.
65% LTV after repayment
Liquidator receives 2118.69 USDG of TSLA value.
65% LTV after trim
Debt carries into the closure with accrued interest.
Remaining exposure stays visible
Rounded values from the fixed-price worked example, before additional interest. A trim repays more because it also removes collateral.
Lenders: If collateral later covers less than the remaining debt, lender shares reflect the amount recoverable from that loan.
Liquidators: A liquidator who holds seized TSLA carries its later price movement.
Post TSLA, borrow USDG, and see the repayment needed before the close.
Open Trade ↗Deposit USDG and see vault cash, outstanding loans, and your share value.
Open Lend ↗Review eligible repayments, trims, price status, and transaction receipts.
Open Operations ↗