Borrow
Borrow USDG against collateral in isolated Morpho markets through the Sharewoods Markets interface. Borrowing benefits from JIT liquidity matching and the balancer’s utilization targeting.
How to borrow
- Connect a wallet containing the desired collateral ($NVDA, $AAPL, $TSLA, $SPY, $GOOGL, $ETH).
- Open Markets and select the corresponding market.
- Supply collateral.
- Borrow USDG up to the maximum LTV of 81.90%.
- Monitor the health factor; liquidation becomes possible if LTV exceeds LLTV (86.00%).
Because markets are isolated, a borrower only interacts with the specific collateral/loan pair they choose. JIT matching and the 90.00% utilization target help ensure competitive borrow rates when liquidity is available.
Markets
Each market is isolated: your position’s risk depends on that market’s oracle, LLTV, and interest rate — not on other markets’ collateral baskets. Markets use USDG as the loan asset.
| Market | Collateral | Loan | LLTV | Max LTV |
|---|---|---|---|---|
| NVIDIA | $NVDA | USDG | 86.00% | 81.90% |
| Apple | $AAPL | USDG | 86.00% | 81.90% |
| Tesla | $TSLA | USDG | 86.00% | 81.90% |
| SPDR S&P 500 | $SPY | USDG | 86.00% | 81.90% |
| Alphabet | $GOOGL | USDG | 86.00% | 81.90% |
| Ether | $ETH | USDG | 86.00% | 81.90% |
LLTV & max LTV
- LLTV (liquidation loan-to-value)
- The maximum borrow value relative to collateral value before a position can be liquidated. When LTV exceeds LLTV, the position becomes eligible for liquidation.
- Max LTV
- The interface borrow ceiling: borrowers cannot open or increase a position beyond this LTV. It is set below LLTV (via the minimum borrow health factor) to provide a safety margin against sudden price movements before liquidation can occur.
Markets inherit a vault default LLTV unless a per-market override is set. Current values in this deployment:
- Earn RWA Vault default LLTV
- 86.00%
- Classic Vault default LLTV
- 86.00%
- Earn RWA Vault max LTV
- 81.90%
- Classic Vault max LTV
- 81.90%
These parameters are immutable once a market is created. The automated balancer only manages allocation of vault liquidity; it cannot alter market risk parameters.
Health factor
- Health factor
- A ratio of collateral value (scaled by LLTV) to debt. Above 1.0 means the position is not liquidatable under current prices; closer to 1.0 means less safety buffer.
The interface also enforces a minimum health factor for new borrows so you cannot open (or increase) a position that would sit too close to liquidation immediately.
- Minimum borrow health factor
- 1.05
Liquidations
Liquidations follow the Morpho Blue mechanism:
- A position becomes liquidatable when its LTV exceeds the market’s LLTV (or equivalently when health factor drops to or below 1.0).
- Liquidators repay a portion of the debt and receive a corresponding amount of collateral plus a liquidation incentive.
- Because markets are isolated, liquidations in one market have no impact on other markets or on the vaults’ overall solvency beyond the affected market.
Users are strongly encouraged to maintain a healthy buffer below the max LTV. Keep a healthy buffer and monitor oracle prices.
Liquidity / JIT
A market’s free USDG liquidity can be lower than the vault’s total deposits when funds sit idle or allocated elsewhere. When you borrow and the chosen market is short on free liquidity, Sharewoods can pull idle vault liquidity from sibling markets in the same vault as part of the borrow flow (Just-In-Time matching) — so borrowing stays available without waiting for a separate rebalance, as long as the vault has reallocatable liquidity.
If neither the market nor reallocatable vault liquidity covers the size you want, the borrow amount is limited by what’s available. The balancer’s 90.00% utilization target works alongside JIT to keep markets capital-efficient while preserving an idle buffer for smoother operations.
Points
Outstanding borrow can earn Sharewoods points over time. Rates come from deployment configuration and can change.
- Borrow points
- 1.2 pts / hour / 100 USDG
See your totals on the Dashboard.