Frequently asked questions

It lets you borrow USDG, a dollar-backed stablecoin, against Robinhood tokenized stocks you already hold. You deposit stock as collateral, take out a loan, and get your stock back when you repay. You never give up ownership of the shares.

Two reasons. You keep the position, so you still get whatever the stock does next. And in most places a loan is not a disposal, so it does not realise a capital gain the way selling does. Tax treatment varies by country and we are not tax advisers — check your own position.

No. There is no term, no due date and no forfeiture clause. Your loan can stay open indefinitely. The only thing that can close it against your will is the price falling to your liquidation level.

No, and we could not even if we wanted to. Liquidation is handled by the Morpho protocol and takes only enough collateral to clear the debt plus the liquidator's bonus. The rest stays yours.

A dollar-backed stablecoin, and the only asset you can borrow here. One USDG is intended to be worth one US dollar. It is issued by a third party, not by us.

No. There is no signup, no email and no password. You connect a wallet and that is it. Your loans are tied to your wallet address, not to an account with us.

Each stock has a maximum loan-to-value: 62.5% for blue chips and 38.5% for smaller or more volatile names. Deposit $1,000 of NVDA at 62.5% and your ceiling is $625. There is a second limit — how much USDG lenders have actually supplied to that market — and the markets page shows it for every stock.

Well under the maximum. Borrowing at the ceiling means the smallest price drop makes you liquidatable. The risk chart in the borrow window shows how much room you are leaving yourself; many people treat half the limit as their own ceiling.

Every market has its own pool of lenders, and they fill up independently. That figure is what has been supplied to that specific stock so far — the largest tickers already hold hundreds of thousands, while newer ones are still building. The markets page sorts by depth so the deepest are always at the top, and anything still filling is marked in amber.

Yes — and this is the part people get wrong. Depositing transfers the tokens out of your wallet into the Morpho protocol's contract, so your wallet balance will show zero. What stays yours is the claim: Morpho's ledger records that collateral against your address, and only you can withdraw it. "Your shares stay yours" is about ownership, not location. Anyone telling you the tokens never move is mistaken.

Yes. Open the same market again and deposit without borrowing. It raises your limit and pushes your liquidation price further away.

Yes, but each one is a separate, independent position with its own health. A crash in one does not put the others at risk, and collateral is not shared between them.

Approving lets the contract move the exact amount of stock you are depositing. Authorising is a one-time permission that lets our router borrow on your behalf so deposit and borrow can happen in a single transaction. Neither gives us the ability to take your funds — every call is made with you as the owner.

Two separate things. Our fee is 1.00% of the amount you borrow, charged once at the moment of borrowing, and nothing at all to repay. Interest is separate and ongoing: it accrues by the second at a variable rate set by supply and demand, and it goes to the people who supplied the USDG, not to us. You also pay a few cents of network gas per transaction.

No. There is no early-repayment penalty and no such thing as late, because there is no due date. You do still owe the interest that accrued while the loan was open — that is separate from any fee, and it is the only ongoing cost.

There is interest. Two different things get called "free" and it is easy to conflate them. Kept charges a 1.00% fee once, at borrow, and nothing at all to repay. Interest is separate: it accrues every second while the loan is open and goes to the people who supplied the USDG, not to us. On $1,000 borrowed against NVDA at today's rate it works out around $5 over six months — small, but real, and the rate rises when more people borrow.

The Morpho protocol does, from utilisation in each market. We receive none of it — our only revenue is the borrow fee.

50% is used to buy KEPT on the open market and burn it. The remaining 50% funds development, audits, infrastructure and the cost of running Kept. The fee wallet is published and its balance is readable by anyone.

If your stock falls far enough that your debt crosses the maximum LTV, anyone can repay part of what you owe and take some of your collateral, plus a bonus, as payment. It is automatic and permissionless — no one decides to do it to you.

No. A liquidator can only take enough to cover the debt being repaid plus the bonus. Your whole position is never seized. You will be left with less stock than you deposited, though, and that loss is permanent.

A single number summarising how safe a position is. Above 1.00 you are fine; at 1.00 you are at the liquidation threshold. Repaying some debt or adding collateral pushes it back up. You can watch it on the loans page.

Stock price feeds follow US market hours but the tokens trade around the clock. For most of a weekend your position is valued at Friday's close. If there is a gap at the Monday open, liquidations can happen within a single block with no chance to react. Leave more headroom going into weekends, earnings and holidays.

Handled automatically. The token carries an on-chain multiplier for corporate actions and the price feed already accounts for it, so a 4-for-1 split will not wipe out your position. The oracle pauses briefly while a corporate action is processed, and borrowing is unavailable during that window.

In most places, yes — it is a disposal of your stock, even though you did not choose it. This is one of the strongest arguments for borrowing conservatively. Talk to your own adviser.

Nobody at Kept. Collateral sits inside the Morpho protocol, recorded against your own address. Our contract calls every function with you as the owner, so we cannot move, borrow against, or withdraw it.

Your loan carries on. Morpho is immutable and independent of this website, so you can always repay and withdraw by interacting with the protocol directly.

Not yet, and we say so on the transparency page rather than burying it. Our router is small, holds no funds between transactions and never owns a position, which limits what can go wrong — but that is not the same as a professional review. The report will be published when it exists.

Three things: the fee, within a 2% cap written into the contract; which wallet receives it; and sweeping tokens someone sends to the router by mistake, since it holds no balances of its own. That is the whole list. No admin function can touch a position — your collateral sits in Morpho, credited to your address.

Check the URL every time. We will never DM you first, never ask for a seed phrase, and never ask you to move funds to "secure" them. There is no KEPT token in existence yet, so anything claiming to be one is fake.

Anyone over 18 holding Robinhood stock tokens, except US persons. The tokens are issued as debt securities rather than equity and are not available in the United States. Sanctioned jurisdictions are excluded too.

Not on this interface — there is no signup at all. The issuer of the stock tokens has its own requirements for minting and redeeming them, which are separate from us.

Robinhood Chain, chain ID 4663. The site offers to add and switch to it for you. Gas is paid in ETH, and you only need a few cents' worth.

Any standard browser wallet — MetaMask, Rabby and others. The wallet only ever opens when you click something; refreshing the page will not prompt you.

No. There is no contract deployed and no sale, presale, allowlist or airdrop running. Any token claiming to be KEPT today is a scam. When it launches, the address will appear on our token page and on X, and nowhere else.

No. Borrowing never requires the token and never will.

Nothing contractual. It is not equity, carries no claim on revenue, profits or assets, and pays no dividend or yield. Buybacks and burns are a use of protocol revenue decided by the team, not a promise or a distribution.