Get Started Launchpad The GapThe FixHow it WorksMarketsDocumentation
◆ Robinhood Chain

Keep your arrows.
Draw the value.

Supply crypto, stablecoins, or tokenized equities as collateral, mint qUSD against them, and keep your upside without selling a share.

Get Started Launchpad Read the docs

Most Holders Raise Cash by Selling, Triggering a Taxable Sale and Giving Up Every Bit of Future Upside.

Selling Triggers Taxes

Selling a position to raise liquidity means giving up the asset and its future upside.

Idle Collateral

Assets left sitting in a wallet earn nothing. Locked in a vault, the same collateral mints qUSD you can actually put to work.

Fragmented Liquidity

Liquidity split across wallets, chains, and venues is hard to deploy. Quiver concentrates it into one overcollateralized position backed by real assets.

Supply Collateral, Mint qUSD, and Keep Your Upside with a Single Overcollateralized Debt Position

Open a Vault

Open a Vault, Draw qUSD in One Move

Deposit one approved asset, mint qUSD up to your collateral LTV, and repay anytime to release your collateral. Clean ERC-20 debt accounting throughout.

  • One asset, one debt, one vault
  • Mint up to your collateral LTV
  • Repay anytime to release collateral
Open a vault
Stability Pool
Backstop

Liquidations Handled by the Stability Pool

When a vault falls below health factor 1, the Stability Pool burns the debt and takes the collateral at a discount. One unified liquidation path for every collateral type.

  • One unified liquidation path
  • Pool absorbs debt, earns the discount
  • Redistribution fallback for solvency
Economics

Real Revenue Flows to the Surplus Buffer

Every fee is paid in real assets and flows to the Surplus Buffer, a governance-controlled reserve that backstops bad debt before it ever touches depositors.

  • Stability fee, per-market APR
  • Origination fee, one-time on borrow
  • Paid in qUSD, not emissions
Surplus Buffer

Impact You Can Measure

0%
Held in the Surplus Buffer

Borrow against your most valuable, hardest-to-sell positions

Unlock liquidity from crypto, stablecoins, and tokenized equities without selling, without bridging, and without giving up your upside.

0.0%
Backed by real collateral

How Quiver Turns Collateral You Already Hold into Spendable Liquidity

WETHUSDCwBTCstkETH
Collateral
qUSD

Supported Collateral

Supply a crypto major, a stablecoin, or tokenized equities and ETFs issued natively on Robinhood Chain.

SUPPLYCollateral
MINTMint qUSD
BORROWKeep Upside
● Health factor healthy

Mint qUSD

Mint qUSD against your vault up to its LTV limit. Debt accrues against the stability fee, and repaying releases your collateral.

Schedule · Weekly report
LTV 48.8%
Debt Accruing
Repay Anytime
qUSD Minted
Health Factor 1.64

Stability Pool

Deposit qUSD into the Stability Pool. When a vault falls below its liquidation threshold, the pool absorbs its debt and takes the collateral at a discount.

qUSD In
Stability Pool
USDGWETHAAPLMSFT

Oracle Aggregator

Price feeds for crypto and stablecoins, plus a dedicated tokenized-equity NAV oracle synced to the Robinhood Chain equity venue, with closed-market handling.

USDGUSDGWETHWETHAAPLAAPLMSFTMSFTQUIVQUIVNVDANVDASPYSPYUSDCUSDCTSLATSLAUSDGUSDGWETHWETHAAPLAAPLMSFTMSFTQUIVQUIVNVDANVDASPYSPYUSDCUSDCTSLATSLA

Governance

$QUIV is the fixed-supply governance token. Voting power comes from locking it into veQUIV, covering collateral onboarding, risk parameters, the fee schedule, and the oracle set.

Collateral Across Every Asset Class

Stablecoins

up to 90% LTV

USDG, the Global Dollar, the most capital-efficient collateral in the system.

Tokenized ETFs

up to 55% LTV

SPY, QQQ, SGOV and SLV, tokenized ETFs accepted in the Tier 1 book.

Crypto Major

75% LTV

WETH, the deepest and most liquid crypto collateral, accepted at 75% LTV.

Tier 1 Equities

55% LTV

Large-cap, index-member tokenized equities with high daily volume.

Tier 2 Equities

40% LTV

Smaller-cap, lower-liquidity tokenized equities, onboarded conservatively.

Natively On-Chain

Robinhood Chain

Every market is issued and settled natively on Robinhood Chain, where the shares already live.

What Backs Every qUSD

Twenty-four live markets across four asset classes — each with its own loan-to-value and liquidation threshold.

Stablecoins mint at the highest loan-to-value in the system.

90%
Max LTV on stablecoin vaults

USDG, the Global Dollar, opens vaults at 90% LTV with a 95% liquidation threshold, the most capital-efficient collateral in the system, with debt tracked as clean ERC-20 accounting.

USDGStablecoin · 90% LTV

Crypto majors back qUSD with the deepest liquidity on chain.

75%
Max LTV on crypto vaults

WETH is scored on liquidity depth, volatility, and oracle quality, then onboarded at 75% LTV with an 82% liquidation threshold.

WETHCrypto major · 75% LTV

Staked assets keep earning while they back your loan.

70%
Max LTV on liquid-staking vaults

Liquid staking tokens mint qUSD at 70% LTV and keep accruing staking yield the entire time they sit in your vault, with one unified liquidation path.

Staked ETHLiquid staking · 70% LTV

Tokenized equities borrow without selling the underlying shares.

55%
Max LTV on Tier 1 equities

Tier 1 equities and ETFs (AAPL, MSFT, NVDA, SPY, QQQ) mint at 55% LTV. Tier 2 starts conservative at 40%, loosened only by governance vote after a live track record.

AAPL / MSFT / SPYTier 1 · 55% LTV
FAQ

Have questions?
Find answers.

Have more questions?
Read the full protocol documentation.
Read the docs
What Exactly Is a Vault?+
A vault is a single-owner position holding one collateral asset against one debt balance, tracked as clean ERC-20 debt accounting. Deposit an approved asset, mint qUSD up to its LTV limit, and repay debt plus the stability fee at any time to release your collateral.
What Collateral Can I Supply?+
Crypto majors like WETH, stablecoins like USDG, liquid-staking tokens, and tokenized equities and ETFs issued natively on Robinhood Chain, across 24 markets and four asset classes.
How Is qUSD Kept at One Dollar?+
qUSD is overcollateralized and redeemable against vault collateral. Arbitrage, the Stability Pool, and a protocol-owned Surplus Buffer keep it anchored near one dollar.
What Happens if a Vault Becomes Unhealthy?+
If a vault's health factor falls below 1, the Stability Pool burns its qUSD debt and absorbs the collateral at a discount to oracle price. Any collateral above the debt stays yours.
Who Controls the Protocol Parameters?+
veQUIV holders. Locking $QUIV into vote-escrow governs collateral onboarding, risk parameters, the fee schedule, Surplus Buffer allocation, and the oracle set.
How Do I Open a Vault and Mint qUSD?+
Connect a wallet on Robinhood Chain, pick a collateral market, supply your asset, and mint qUSD up to the vault's LTV. Repay anytime to unlock your collateral.
◆ Robinhood Chain

Ready to Draw Against Your Portfolio?

Open a vault, mint qUSD, and keep every arrow in your quiver.

Get Started