Denar Markets
0x3786728a2c49c4617bf4fe5bd82b90b6b0df5508Project X bio
Borrow against your stocks (and tokens) without selling them. The money market for tokenized equities on Robinhood. Isolated markets, priced by Chainlink.
One dossier and vote tally, shared across this project’s calls.
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The thesis
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Dossier: Denar
Open project pageIsolated Morpho Blue money markets on Robinhood Chain: deposit Robinhood stock tokens as collateral and borrow USDG, or lend USDG into a MetaMorpho vault. Each listing has its own oracle, LLTV, and cap, with claimed freezes on stale weekend or corporate-action prices. Independent of Robinhood and of Dinari, the similarly named stock-tokenization firm.
Readout
- price
- $0.000831
- 24h vol
- $430.4k
- mcap
- $831.3k
- liquidity
- $84.2k
- holders
- 1.5k
- 24h
- -0.4%
mint not renounced
- calls on gg
- 2
- first called at
- $1.28m
- since
- 0.63x
Last onchain reading for DENAR on robinhood, not live. gg records that someone called it, never that they were right.
Notable
- Docs and changelog claim six isolated markets live since 7 Aug 2026 (NVDA, AAPL, MSFT, TSLA at 62.5% LLTV; SPY, QQQ at 77%), with 2,500 USDG seed caps per market.
- Lending core is Morpho Blue with a MetaMorpho USDG vault (dnUSDG). Docs list verified Robinhood Chain addresses, including vault 0xF0E6AD006080c48766ddb95b8c568D72bC059050.
- $DENAR is live on Robinhood Chain at 0x3786728a2c49c4617bf4fe5bd82b90b6b0df5508. Account and docs claim no public sale or distribution yet.
- Docs and @isBacked_ both claim a fee-share: 10% of Denar protocol fees buy-and-burn BACKED, and BACKED is to be listed as collateral.
- Claims equity-specific oracles (market-hours, staleness, corporate-action pauses) and that an AAPL dividend on 14 Aug 2026 was absorbed without protocol intervention.
Unverified
- Team is unnamed. Admin is a single deploying key (docs list 0xdCB002787Fb86873051b838582063517FDc47c6F) with a claimed later move to multisi
- No public GitHub found.
- No named external audit. Docs claim an internal adversarial review and a planned bug bounty.
- No independent coverage of Denar. Seed size, 0.05% APR, and utilisation figures are project claims only.
Project discussion, shared with its dossier and every GG call linked to this project.
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