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Sharewoods Protocol

Version 1.2 · July 2026 · Robinhood Chain. Open-source lending and borrowing built on Morpho Blue — supply native USDG, borrow against RWA or crypto collateral in isolated markets.

Introduction

Sharewoods is a crypto lending and borrowing protocol built on Robinhood Chain. It enables users to supply native USDG to earn yield and to borrow against Real-World Asset (RWA) tokens or classic crypto collaterals in isolated markets.

Sharewoods is built on Morpho Blue Vaults V2, Morpho’s permissionless and immutable lending primitive. It retains Morpho Blue’s core architecture—isolated markets, per-market risk parameters, efficient matching of lenders and borrowers (including Just-In-Time liquidity), and vault accounting—while being tailored for Robinhood Chain and the vaults and markets described in these guides.

Vision

Sharewoods aims to bring institutional-grade RWA collateral into a transparent, on-chain lending environment on Robinhood Chain. By combining:

  • Native USDG supply
  • RWA token collateral (tokenized equities and other listed assets)
  • Isolated Morpho Blue–style markets
  • Fixed, conservative risk parameters
  • Just-In-Time (JIT) matching for capital efficiency
  • An automated liquidity balancer that targets 90.00% utilization
  • Transparent performance fees (10.00% on Earn RWA Vault, 5.00% on Classic Vault)
  • A 1.00% force deallocation fee when required on withdrawals

The protocol provides a capital-efficient way for users to earn yield on USDG or borrow against real-world assets without the systemic risk of shared liquidity pools.

Balancer Utilization target
90.00%
Idle Buffer target
10.00%
Force Deallocation Fee
1.00%
Earn RWA Vault (swRWAUSDG) perf. fee
10.00%
Classic Vault (swCUSDG) perf. fee
5.00%

How it fits

Depositors supply USDG into ERC-4626 vaults. An automated liquidity balancer (curator / allocator) routes that liquidity across Morpho markets, targeting ~90.00% utilization with JIT matching. Borrowers post collateral in an isolated market and borrow USDG. Interest paid by borrowers is what Earn depositors receive (after vault performance fees).

  • Earn — deposit USDG, hold vault shares (swRWAUSDG / swCUSDG), earn yield.
  • Borrow — supply collateral, borrow USDG against it.
  • Protocol — Morpho Blue primitives, interest rate model, and risk parameters underneath both.

Guides

ProtocolMorpho Blue inheritance, JIT matching, the liquidity balancer, markets, and contract addresses.EarnUSDG vaults, performance fees, force deallocation, and supply points.BorrowCollateral, LLTV, health factor, liquidations, and JIT liquidity.

Getting started

Prerequisites: a wallet compatible with Robinhood Chain, native USDG (for supplying) or supported collateral (for borrowing), and sufficient gas for transactions.

Earn yield: acquire native USDG, open Earn, choose Earn RWA Vault or Classic Vault, and deposit to receive the corresponding share token.

Borrow: acquire supported collateral, open Markets, select the matching market, supply collateral, and borrow USDG within the max LTV enforced by the interface.

Withdrawal tip: before large redemptions, check vault liquidity. If force deallocation is required, a 1.00% fee applies to that portion. The balancer’s 90.00% utilization target is designed to keep a 10.00% idle buffer to reduce forced withdrawals.

FAQ

Is Sharewoods a fork of Morpho Blue?
No. Sharewoods is built on Morpho Blue Vaults V2, which means it uses Morpho Blue contracts and proven systems. It is tailored for Robinhood Chain and the RWA + USDG use case, with an automated liquidity balancer and performance fees.
What is JIT?
Just-In-Time liquidity matching. The protocol efficiently matches borrowers with available supply in real-time (including pulling allocated liquidity when beneficial) to improve capital efficiency and rates for both sides.
What is the automated liquidity balancer?
It acts as the curator/allocator for the vaults. It continuously rebalances liquidity to target approximately 90.00% utilization, leaving a 10.00% idle buffer. This improves yield efficiency while reducing force-deallocation events on withdrawals.
What are the performance fees?
  • Earn RWA Vault (swRWAUSDG): 10.00% of earned interest
  • Classic Vault (swCUSDG): 5.00% of earned interest
Fees are taken on interest generated; remaining yield accrues to share holders via the rising exchange rate.
What is the difference between the two vaults?
The Earn RWA Vault supplies USDG into RWA-collateralized markets. The Classic Vault supplies USDG into crypto-collateralized markets (for example ETH). Both use the automated balancer targeting 90.00% utilization; each has its own performance fee (see above).
Can I lose funds if another market is liquidated?
No. Markets are fully isolated. A problem in one market cannot cascade to others.
Are the risk parameters changeable?
No. Once a market is created, its LLTV, oracle, and interest-rate model are immutable. The automated balancer only manages allocation of vault liquidity; it cannot alter market risk parameters.
Is there a fee to withdraw from a supply vault?
Only when force deallocation is required. In that case a 1.00% force deallocation fee is charged on the portion that must be forcibly pulled from markets. Idle liquidity can be withdrawn with no fee.