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Morpho
Lending markets
Value held$3.7M38.2k%30 days
Share of DeFi1.5%
Tokens16
Explained100.0%
Issuers
Robinhood, Coinbase
Chains
Robinhood Chain, Base
Morpho Blue's isolated markets lend stablecoins against tokenized stocks: USDG on Robinhood Chain (169 markets take stock collateral, about $3.0M), USDC against Coinbase stocks on Base (Steakhouse), and Ondo SPYon and QQQon on Ethereum (Gauntlet). Robinhood's ~7% Earn yield is USDG lent into a Morpho vault, not stock yield.
- What it does
- Isolated lending markets: stock token as collateral, borrow USDG or USDC; LLTV mostly 62.5%
- Tokens it uses
- Robinhood NVDA (7% of supply), SPCX, AAPL, GOOGL; Coinbase stocks on Base; Ondo on Ethereum
- How we find it
- Morpho Blue singleton by address: 0xbbbbbbbb on Ethereum and Base, 0x9d53d5e3 on Robinhood Chain
- Chains
- Robinhood Chain, Base
- Addresses
- 16 of its contracts or accounts hold tokenized stocks
- Issuers' KYC stops at
- Mint and redeem (Robinhood, Coinbase)
- History
- Positions charted from Jul 3, 2026
Sources
Value held
By
Its positions
 SPCXSpace Exploration Technologies Corp. Class A Common Stock, Robinhood Token | 1 | 14.3% | $1.28M34.5% | n/a | ||
 NVDA | 1 | 7.3% | $1.21M32.7% | n/a | ||
 GOOGLAlphabet Class A, Robinhood Token | 1 | 10.5% | $649k17.5% | n/a | ||
 AAPLApple, Robinhood Token | 1 | 9.1% | $482k13.0% | n/a | ||
| AAPLc | 1 | 1.7% | $50.4k1.4% | n/a | ||
| NVDAc | 1 | 0.5% | $22.9k0.6% | n/a | ||
 SPYSPDR S&P 500 ETF Trust, Robinhood Token | 1 | <0.1% | $8.96k0.2% | n/a | ||
 COINCoinbase, Robinhood Token | 1 | <0.1% | $406<0.1% | n/a | ||
 MSFTMicrosoft, Robinhood Token | 1 | <0.1% | $297<0.1% | n/a | ||
 PLTRPalantir Technologies, Robinhood Token | 1 | <0.1% | $191<0.1% | n/a | ||
 TTWOTake-Two Interactive Software, Robinhood Token | 1 | <0.1% | $115<0.1% | n/a | ||
 CRCLCircle Internet Group, Robinhood Token | 1 | <0.1% | $84<0.1% | n/a | ||
 TSLA | 1 | <0.1% | $23<0.1% | 15.0% | ||
 ORCLOracle, Robinhood Token | 1 | 0.0% | $1<0.1% | n/a | ||
 BEBloom Energy, Robinhood Token | 1 | 0.0% | $00.0% | n/a | ||
 CRWVCoreWeave, Robinhood Token | 1 | 0.0% | $00.0% | n/a |
1 to 16 of 16 tokens
Markets with a stock as collateral
| NVDA | USDG | 63% | $1.68M | $687k | 99% | 29.23% | 7 | $31 | $1.69k | -0.33% | NetNet Credit | |
| SPCX | USDG | 63% | $1.28M | $516k | 100% | 22.65% | 9 | $0 | $169 | +6.25% | NetNet Credit | |
| GOOGL | USDG | 63% | $649k | $260k | 100% | 19.36% | 3 | $0 | $0 | +2.09% | NetNet Credit | |
| AAPL | USDG | 63% | $482k | $198k | 100% | 19.81% | 5 | $39 | $91 | +0.57% | NetNet Credit | |
 SPCXc | USDC | 63% | $14.4k | $5.12k | 95% | 5.40% | 3 | $0 | $0 | +6.33% | Steakhouse High Yield USDC | |
 GOOGLc | USDC | 77% | $12.5k | $5.22k | 90% | 5.81% | 4 | $0 | $0 | +1.72% | Steakhouse High Yield USDC v1.1 | |
| AAPLc | USDC | 63% | $12.4k | $4.69k | 90% | 6.11% | 14 | $0 | $0 | +0.48% | Steakhouse High Yield USDC v1.1 | |
| SPY | USDG | 63% | $10.9k | $5.33k | 47% | 0.06% | 10 | $0 | $974 | +0.66% | Longbow Core USDG | |
| NVDAc | USDC | 63% | $2.57k | $706 | 90% | 5.12% | 6 | $0 | $36 | -0.26% | Earn Max USDC by Mo Wallet | |
| NVDA | USDG | 63% | $1.07k | $84 | 1% | 0.03% | 11 | $1 | $54 | -0.40% | Longbow Core USDG | |
| COIN | USDG | 39% | $279 | $0 | 0% | 47.76% | 0 | $0 | $0 | -5.35% | NetNet Credit | |
| MSFT | USDG | 63% | $275 | $5 | 100% | 6.23% | 2 | $0 | $0 | +2.13% | NetNet Credit | |
 MSTR | USDG | 63% | $233 | $66 | 66% | 0.08% | 1 | $0 | $0 | -2.81% | Longbow Core USDG | |
| PLTR | USDG | 63% | $190 | $30 | 91% | 2.71% | 1 | $0 | $0 | +3.52% | Longbow Core USDG | |
| COIN | USDG | 63% | $133 | $70 | 64% | 0.08% | 1 | $0 | $133 | -5.35% | Longbow Core USDG | |
| TTWO | USDG | 39% | $115 | $40 | 40% | 0.07% | 1 | $0 | $115 | +3.57% | Longbow Frontier USDG | |
 METAc | USDC | 63% | $92 | $36 | 52% | 2.49% | 3 | $0 | $0 | -1.02% | Earn Max USDC by Mo Wallet | |
| CRCL | USDG | 63% | $84 | $45 | 45% | 0.06% | 1 | $0 | $84 | -1.08% | Longbow Core USDG | |
| SPCX | USDG | 39% | $48 | $3 | 3% | 0.03% | 1 | $0 | $0 | +6.25% | Longbow Core USDG | |
| SPY | USDG | 77% | $46 | $0 | 0% | 0.17% | 1 | $0 | $0 | +0.66% | Raven USDG |
1 to 20 of 94 markets
of 5
Vaults lending into them
| NetNet Credit | 0x3bb7a23316f82c0e984fa2e784846d8928a35f42 | $1.3M | 6 | |
| Galaxy USDG RH Stock Tokens | Galaxy Curation | $500k | 5 | |
| Longbow Core USDG | 0xe600452658762042749eb8e11955542b7ebea4bb | $26.8k | 35 | |
| Steakhouse High Yield USDC | Steakhouse Financial | $8.45k | 3 | |
| Steakhouse High Yield USDC v1.1 | Steakhouse Financial | $5.88k | 3 | |
| Longbow ETH | 0xe600452658762042749eb8e11955542b7ebea4bb | $5.59k | 2 | |
| Earn Max USDC by Mo Wallet | 0x8917b726185c3e30957b943b1da6c49224f422c0 | $2.62k | 4 | |
| Longbow Frontier USDG | 0xe600452658762042749eb8e11955542b7ebea4bb | $1.2k | 12 | |
| Chipworks USDC | 0x0000000000000000000000000000000000000000 | $154 | 1 | |
| Raven USDG | 0xf5e8c860113521147f873d87a859449c50a0feb5 | $33 | 1 | |
| Clearstar Tokenized Stocks USDC | Clearstar | $19 | 1 | |
| Gotthard RWA USDC | 0x383ea62b67fe18cf201e065db93cb830d2cd3677 | $15 | 1 | |
| EARN | 0x75741d131abdd3973d6ba00f09948c15d138059d | $13 | 1 | |
| Nest USDG Vault | n/a | $10 | 1 | |
| Muscadine USDC Frontier | 0xb6d1d784e9bc3570546e231cacb52b4e0f1ed8b1 | $8 | 1 |
1 to 15 of 15 vaults