$SYNDROMICS is live on Robinhood Chain. 0xe33ab021662e23f745be8e5b237babe8c7ad626c
P2P lending on Robinhood ChainPeer-to-peer lending on Robinhood Chain
Syndromics is a non-custodial marketplace where holders of tokenized stocks borrow USDG from a syndicate of lenders at a rate the two sides agree on. Every offer, fill, repayment and liquidation settles on Robinhood Chain where anyone can check it.
Stock Tokens in, USDG out. Fixed rate, fixed term, isolated risk.
The loan loop
A borrow request on Syndromics is a small syndicated loan. A 20,000 USDG borrow against tokenized NVDA can be filled by three lenders or thirty, each taking a pro-rata slice at their own rate. Each slice is isolated, so the lender who priced the risk is the one who carries it.
A borrower posts collateral, the USDG principal they want, a maximum APR, a term of 7 to 90 days and a fill deadline.
Lenders sign EIP-712 offers off-chain. No gas, cancellable any time, targeted at one request or left standing like a limit order.
One transaction verifies signatures and eligibility, escrows the collateral, pulls USDG from each lender and mints a position NFT per slice.
Simple interest at the agreed fixed rate, per second. The borrower can repay whenever they like once the minimum interest period has passed.
Before maturity the borrower can open a rising-rate auction. New lenders step in, old lenders are repaid, and there is no cliff at term end.
If the health factor drops below 1.0, anyone can start a 45 minute Dutch auction. Lenders are paid first and any surplus goes back to the borrower.
Two sides, one order book
Syndromics replaces the utilisation curve with a negotiation. Borrowers name their ceiling, lenders name their price, and the contract settles whatever overlaps.
For borrowers
Connect Robinhood Wallet or any EVM wallet, pick the Stock Tokens you want to pledge and see how much you can borrow at each LTV tier with an indicative rate from the live book.
For lenders
Browse open requests filtered by collateral, LTV, term and APR. Sign an offer with one click and no gas. Post standing offers across a whole tier so borrowers always see a live book.
For everyone
A public explorer lists every loan: collateral, oracle price at origination, rate, syndicate composition, repayment status and liquidation history, each with a link to the transaction on Blockscout.
Positioning
Aave Horizon, Morpho vaults and Kamino are the right tool for liquid, curated collateral. They struggle with single-name stocks, thin DEX liquidity, closed-market weekends and private-company tokens. Per-loan pricing and fixed terms are what that tail needs.
Rate
Pooled market
Utilisation curve, variable
Syndromics
Negotiated, fixed per loan
Term
Pooled market
Open-ended
Syndromics
Fixed, with refinancing auctions
Collateral
Pooled market
Curated, liquid, capped
Syndromics
Any oracle-priced Stock Token, long tail via lender-set LTV
Risk sharing
Pooled market
Socialised across the pool
Syndromics
Isolated per lender and per syndicate
Bad debt
Pooled market
Hits everyone
Syndromics
Hits the lender who priced it
Idle capital
Pooled market
Earns the pool rate
Syndromics
Parked in a pool until matched, then earns the P2P spread
Recovery
Pooled market
Pool liquidation into DEX liquidity
Syndromics
Dutch auction with bounded floors, or in-kind to the lender
Syndromics is complementary to Morpho on Robinhood Chain rather than a replacement for it. Morpho is the idle-capital sink and a liquidity backstop for liquidations.
Why Robinhood Chain
Robinhood Chain is the only network where tokenized equities arrive as ordinary ERC-20s with Chainlink feeds, permissionless deployment and a broker's own distribution behind them. That is the exact combination a lending protocol needs.
Tokenized AAPL, NVDA, SPY and more, issued by a listed broker and backed 1:1 by shares in custody. Self-custodied, no transfer hooks, and ERC-8056 keeps dividends and splits inside the token.
Data Feeds for health checks, Data Streams for liquidation pricing, a market status flag for closed sessions and a Sequencer Uptime Feed so outages are handled on purpose rather than by accident.
The Paxos Global Dollar is native to the chain, MiCA-regulated in the EU and already the lending asset in Robinhood Earn. Additional markets in USDe or USDC can be added as isolated configurations.
Roughly 250 ms blocks, 100 ms preconfirmations and a median transaction cost around a tenth of a cent. Fills and liquidations settle before a price gap has time to widen.
ERC-4337 entry points and EIP-7702 are live, so lenders sign offers without gas, borrowers batch approve and borrow into one step, and smart accounts verify through EIP-1271.
Morpho Blue, Uniswap and 1inch are deployed. Idle lender capital parks in a Morpho USDG vault, and liquidation auctions have arbitrageurs standing by.
Risk engineering
Recovery on Syndromics is a smart-contract auction, never a legal process. Version one accepts only liquid, oracle-priced, on-chain collateral, tiered by liquidity and feed quality rather than by name.
Deepest DEX liquidity on the chain
Lenders opt in per token
Maturity default only, professional lenders, on the roadmap
Current parameters. Every change goes through the timelock and is published in the governance log.
Collateral value times liquidation LTV over debt. Below 1.10 the borrower is warned and nudged to top up. Below 1.00 anyone can start the auction.
Collateral is offered from oracle plus 3% down to a floor over about 45 minutes. Arbitrageurs, authorised participants or the lenders themselves can take it.
When the market is closed or the feed is stale, LTV ceilings drop and the auction floor is bounded at 85% of oracle. Friday's close is not Monday's open.
No liquidations for an hour after the sequencer returns, and every function stays reachable through the L1 delayed inbox so repayment can never be censored.
Zero or negative prices are rejected, staleness is bounded per session, single-update moves over 25% pause for review, and corporate actions halt the market until the feed resumes.
The protocol prices the exact token in escrow, never a wrapper or a derived exchange rate. That one rule would have prevented the wGOOGLx loss in July 2026.
Lessons already priced in
The last cycle of RWA lending left a clear record of what fails. Syndromics is designed around that record rather than in spite of it.
Transparency
A lending market is only as trustworthy as what outsiders can verify about it. These are the commitments the protocol ships with.
Offer fills, repayments, refinances, auction starts and settlements, parameter changes. Each one links straight to Blockscout.
The live book with collateral, LTV, rate, term, syndicate size, health and the oracle price at origination.
LTV distribution, concentration by token, the bad debt ledger and liquidation history with realised prices against oracle.
Current Chainlink price, session status, staleness and multiplier per token, plus issuer proof of reserve where a feed exists.
Every timelock proposal and execution listed with its rationale before it takes effect.
Contracts, relayer, indexer and keeper bots under a permissive licence with reproducible builds.
The off-chain book is exportable in full. Anyone can run a relayer and see exactly the same offers.
Funds move only at settlement through Permit2 or a prior approval. Repayment and withdrawal are never pausable.
Roadmap
Syndromics launched with conservative LTVs, a visible cap per token and a public risk page. Each expansion below opens only when the data from the last one supports it.
Live
Index, mega-cap and large-cap Stock Tokens against USDG with fixed terms of 7 to 90 days, standing and targeted offers, refinance auctions, idle-capital parking and the public loan explorer.
Professional lenders and verified borrowers, per-token exposure caps, timelocked parameters.
Live
Session-aware haircuts, Dutch auctions with bounded closed-market floors, in-kind liquidation, sequencer-outage grace and exact-token oracle pricing.
Every liquidation and its realised price against oracle is on the risk page.
Next
Tier C Stock Tokens with a live Chainlink feed, opened market by market as DEX depth and auction data support it. Negotiated Tier D loans for professional lenders follow.
Caps grow with evidence, not ahead of it.
Next
Opt-in tranching inside a syndicate so risk-tolerant lenders can take first loss for a higher rate while senior slices are paid first.
Next
Bridged treasury and fund-share collateral with NAV oracles, a secondary market for position NFTs, and retail lending in each jurisdiction where it is permitted.
Next
Parameter control moves from the foundation multisig to a governance module that keeps the timelock, the public rationale and the guarantee that repayment can never be paused.
Get started
Post Stock Tokens and borrow USDG in one transaction, or sign an offer and let the book match you. Verified lenders and borrowers can be active within minutes, and every fill settles on Robinhood Chain.
syndromics.xyz · chain ID 4663
