Turnstoneturnstone
All markets

HOOD

ElevatedtHOODOracle fresh

Robinhood Markets, Inc. · HOOD Stock Token

Reference price

$118.75

+3.17% · 24h

Supply APY

6.76%

Stock borrow APR

8.38%

Utilization

77.0%

Price

$118.75+21.21% · 30D

Market parameters

Total supplied$9.27M
Available liquidity$2.13M
Borrowed$7.14M
Supply cap$15.00M
Stock borrow cap$8.16M
USDG credit capacity$5.10M

Risk parameters

Collateral factor55%
Liquidation threshold64%
Liquidation bonus7.5%
Close factor50%
Reserve factor10%
Oracle heartbeat15m
Last oracle update14s ago

Liquidity composition

77.0% utilized
Borrowed by stock borrowers$7.14MAvailable$2.13M

Thinner float and active settlement flow on Robinhood Chain sustain a wider borrow spread.

Interest-rate curve

Kinked model
Optimal 80%0.0%26.6%53.1%79.7%106.2%0%50%100%
Stock borrow APRSupply APYHOOD today

How this market works

Where the yield comes from

Professional desks post approved collateral and pay 8.38% to borrow HOOD Stock Tokens. 85% of that interest is returned to the vault, which lifts the tHOOD exchange rate.

Why the receipt token grows

tHOOD is a claim on the vault, not a fixed quantity of stock. One tHOOD currently claims 1.0215 HOOD, and that ratio only moves upward as borrow interest accrues.

How credit is sized

Collateral value × 55% is the maximum USDG this position can support. Liquidation begins once debt exceeds 64% of collateral value.

What isolation means

This market has its own caps, oracle and parameters. A liquidity failure or price shock here does not automatically propagate to the other 7 Turnstone markets.

Recent market activity

All activity
HOOD
$1,187.50
You receive9.7895 tHOOD
Estimated annual stock yield0.676 HOOD
Supply APY6.76%
Collateral value$1,187.50
Available credit653.13 USDG

Risk on this market

HOOD carries higher realised volatility, which is why its collateral factor is 55% and its liquidation threshold is 64%. Borrow conservatively.

Risk framework