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Florin is officially a Liquity Friendly Fork.
We’re bringing @LiquityProtocol V2 to tokenized stocks on Robinhood Chain.
• Borrow against SPY, keep every share
• Set your own interest rate
• Earn in the Stability Pool
More stocks as collateral, USDG borrowing and mainnet are next.
Multiply in three steps.
1. Deposit SPY
2. Choose your multiplier, up to 6x
3. Set your own interest rate and confirm
Florin borrows FUSD, buys more SPY and opens the position in one transaction.
You choose your own interest rate and what your leverage costs, not the market.
SPY moves far less than most crypto assets. At 2x, it would have to fall about 45% before a position is liquidated.
Florin retweeted
Explore Florin: Testnet V2 is LIVE! ✨
Meet @FlorinProtocol, bringing Liquity V2 to tokenized stocks on Robinhood Chain. Borrow against SPY, set your own interest rate, and earn through the Stability Pool.
→ Mint FUSD using SPY as collateral
→ Deposit FUSD and try the Multiply feature
→ Win a share of the $500 USDC reward pool
Join → superboard.xyz/campaigns/exp…
Florin Testnet V2 is now live on Robinhood Chain.
It runs on @LiquityProtocol V2 contracts. Florin is an official Liquity Friendly Fork, building FUSD, a stablecoin backed by Stock Tokens like $SPY.
What’s new
· Multiply. Loop SPY up to 6x in one transaction
· Improved UI
· Collateral and debt changes in a single transaction
· Night mode 🌙
Florin retweeted
Institutions are coming onchain. They’ll need a house.
Florin is building it. One home for borrowing, lending and earning against real-world assets.
It starts with FUSD.
Robinhood Chain went from $0 to $1B in TVL in 79 days.
Stock Tokens onchain grew from $10M at launch to over $150M today. All of it is collateral waiting to be used.
Florin Testnet V2 is coming.
Rebuilt on @LiquityProtocol’s contracts as an official Liquity Friendly Fork.
Mainnet coming soon.
Institutions are coming onchain. They’ll need a house.
Florin is building it. One home for borrowing, lending and earning against real-world assets.
It starts with FUSD.
How do you earn with FUSD?
Deposit it in the Stability Pool. It’s the part of Florin that keeps every loan safe, and it pays you for doing it.
🧵
2. Liquidations
When a loan falls below 110% collateral, the pool’s FUSD repays the debt and depositors receive the loan’s SPY at a discount.
You get SPY for less than it’s worth, and Florin stays fully backed.
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FUSD isn’t just a dollar. Put it in the Stability Pool and it earns from every loan on Florin.
Try it on testnet at florin.so
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Borrowing against stocks used to mean a private banker, six-figure minimums and weeks of paperwork.
On Florin, it’s one transaction.
Robinhood brought stocks onchain.
Florin makes them work.
Deposit Stock Tokens. Mint FUSD. Keep your exposure.
Florin retweeted
$1M of SPY deposited on Florin testnet.
A big milestone for us, and for what Stock Tokens can do on Robinhood Chain.
Mainnet soon.
Florin October recap
- Launched on @RobinhoodCrypto Chain Testnet
- Became a @LiquityProtocol Friendly Fork
- Passed $1M of SPY deposited on testnet
- Borrowing USDG against SPY is coming soon
On to November.
There’s now $162M of Stock Tokens on @RobinhoodCrypto Chain, across 195 stocks and ETFs.
The five biggest
1. SPY, $19.7M
2. NVIDIA, $18.8M
3. SpaceX, $13.8M
4. Circle, $10.4M
5. Alphabet, $7.9M
SPY is already collateral on Florin testnet. More coming.
How does FUSD stay at $1?
There’s no company holding dollars in a bank. Two mechanisms do the work, both onchain.
🧵
2. The Stability Pool
When a position falls below 110% collateral, the Stability Pool steps in. Its FUSD repays the debt, and depositors receive the position’s SPY at a discount.
Risky loans are closed before they can go bad, so FUSD stays backed by more than $1 of SPY.
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Depositors are paid for doing this job. The Stability Pool earns from the interest borrowers pay, plus the collateral from liquidations.
A dollar backed by the S&P 500, held at $1 by code.
Try it on testnet at florin.so
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