Borrow more against your stocks
with credit others don’t use.
Veli lets holders of tokenized stocks delegate spare borrowing power to borrowers who need more. Creditors earn a fee on credit they would never touch. Borrowers unlock higher leverage in isolated vaults.
Borrowing power,
shared.
Most people who deposit stocks as collateral never borrow up to their limit. That unused capacity sits idle.
With Veli, creditors delegate it to a shared credit vault. Their stocks stay in the lending market and keep earning. Borrowers reserve that credit in their own isolated vault to push their position beyond what the market allows on its own.
| Creditor | Borrower | |
|---|---|---|
| Capacity | Delegates what they don’t use | Reserves extra capacity |
| Yield | Earns a delegation fee on top of lending yield | Pays that fee for the extra room |
| Custody | Collateral never leaves the lending market | Position lives in an isolated vault |
| In a loss | Second in line SENIOR | First in line JUNIOR |
Idle credit,
earning.
Estimate what delegating spare capacity could add on top of your normal lending yield. Every input is an assumption you can change.
Illustration only. Real fees will be set by the market and the protocol parameters, which are not final. Not an offer and not a forecast.
One market per stock.
No contagion.
Every asset gets its own isolated market, oracle and caps. A bad day in one stock cannot reach collateral in another. The first markets we are preparing:
Planned markets and indicative parameters. Final listings, loan-to-value limits and caps will be published before launch.
Know your position.
Understand your risk.
Leverage cuts both ways. Here is what every user shares, and what changes for creditors and borrowers.
The model,
in plain terms.
1 · Capacity
A lending market lets a deposit borrow up to a loan-to-value limit L. Looping a position reaches at most 1 / (1 − L) times the deposit.
2 · Delegation
A creditor with collateral C who has borrowed B has unused capacity C·L − B. They may delegate part of it to the Veli credit vault.
3 · Reservation
A borrower reserves delegated credit to raise their own effective limit to L′ > L, reaching up to 1 / (1 − L′). They pay a delegation fee on the credit they reserve.
4 · Loss order
If a borrower is liquidated below water, the borrower’s own collateral absorbs the loss first (junior). Delegated credit is only touched after that (senior).
5 · Isolation
Each stock has its own market, oracle and caps. Losses cannot socialise across markets.
Draft. Parameters, formulas and terms may change before launch. The full technical paper will be published with the audit.
Where we are.
Questions.
Is Veli live?
Not yet. Veli is in development for Robinhood Chain. It opens only after testing and an external audit. Join the waitlist to hear first.
Do creditors move their stocks?
No. Collateral stays in the underlying lending market and keeps earning. Creditors only delegate part of the borrowing capacity they are not using.
What happens if a borrower is liquidated?
The borrower’s own collateral absorbs losses first. Delegated credit is second in line. Isolated markets keep any loss inside a single stock.
Which stocks will be supported?
We are preparing isolated markets for large, liquid tokenized equities and ETFs first. The list above is indicative and will be confirmed before launch.
What is $VELI?
$VELI is the Veli token on Robinhood Chain. The official contract address will be posted on our X account first. Do not trust addresses from anywhere else.
Put your borrowing power
to work.
We are building now. Leave an email and we will reach out when testing opens and when the first markets go live.