Robinhood Chain’s total value locked (TVL) rose to $1.14 billion after a new integration with decentralized lending protocol Morpho. The increase followed the launch of a feature that lets eligible holders use Robinhood stock tokens as collateral to borrow stablecoins.
Announced on October 22, the collaboration lets users on Robinhood Chain pledge tokenized stocks representing companies such as Apple and Nvidia to borrow stablecoins, including USDG, through Morpho’s credit network. The feature gives users a way to access liquidity from their equity holdings without selling them. Stock-token functionality remains unavailable to U.S. persons.