Kept
How it works

Cash from your stock,
without selling it.

Three steps, no deadline, no paperwork. Here is exactly what happens, what it costs, and the one thing that can go wrong.

Browse markets Full documentation
1

Deposit your stock

The tokens move into the Morpho contract, so your wallet balance drops. Morpho credits that collateral to your address — only you can withdraw it, and Kept never can.

Takes ~10 seconds
2

Borrow USDG

Take out up to your limit in a dollar-backed stablecoin. It lands in your wallet in the same transaction, minus a one-off 1.00% fee.

Up to 62.5% of value
3

Repay whenever

No due date, ever. You pay back what you borrowed plus the interest it accrued, and your stock is released. Kept charges nothing to repay.

No deadline
A worked example

$2,000 of NVDA, without selling a share

At a 62.5% maximum LTV your ceiling would be $1,250 — but borrowing at the ceiling is how people get liquidated. Take half and you keep a wide margin.

Six months later you repay the $1,000 plus about $5 of interest, and your 9 shares come back. You never sold, so you never realised a gain, and you still own whatever NVDA did in the meantime. That rate is variable — it rises when more people borrow.

Try it with real numbers →
You deposit 9 NVDA ≈ $2,000
Your limit at 62.5% $1,250
You borrow $1,000 50% LTV
Kept fee (1.00%) −$10.00
Lands in your wallet $990.00 USDG
Interest after 6 months ≈ $5 at today's ~1% APR, variable
To get the stock back ≈ $1,005
Liquidation price $111 per share
Safety buffer NVDA can fall 50%

Borrowing versus selling

Both routes put cash in your hands. Only one of them leaves you holding the shares. Here is the trade-off, straight.

Borrow on Kept
  • You keep every share and all the upside
  • Not a disposal, so no capital gain realised
  • No deadline to repay
  • Cash in your wallet in one transaction
  • Interest accrues while borrowed
  • Collateral can be liquidated if the price falls
Just selling
  • Simple, and nothing left to manage
  • No liquidation risk at all
  • No interest to pay
  • You lose the position and any future upside
  • Usually a taxable disposal
  • Buying back later may cost more

What it costs

1.00%
Kept fee

Charged once, on the amount you borrow. Deducted at the moment of borrowing.

Variable
Interest

Set by supply and demand in each market, accruing every second. Goes to lenders, not to us.

$0
Exit fee

Nothing to repay early or late. You settle the loan plus whatever interest it accrued.

~$0.01
Network gas

Paid in ETH to the network per transaction, not to Kept.

The one thing that can go wrong

You cannot miss a deadline, because there isn't one. But if your stock falls far enough that your debt crosses the maximum LTV, your position can be liquidated.

What actually happens

Anyone can repay part of your debt and take an equivalent slice of your collateral, plus a bonus. It is automatic and permissionless — nobody decides to do it to you.

What cannot happen

A liquidator takes only what covers the debt and the bonus. Your whole position is never seized, and Kept never keeps your stock.

The weekend trap

Price feeds follow US market hours; the tokens trade 24/7. A stale weekend price can gap at the Monday open and liquidate within one block. Leave extra headroom.

Borrowing well under your limit is the whole defence. Read the full risk disclosure →
Custody

We never hold your shares

Worth being precise, because it is widely misreported: depositing does move the tokens out of your wallet, into Morpho, an immutable open-source protocol. What stays yours is the claim — Morpho's ledger credits that collateral to your address. Every call our contract makes names you as the owner, so we cannot move, borrow against, or withdraw it.

If this website disappeared tomorrow your loan would carry on exactly as it is, and you could repay it by talking to the protocol directly.

See every contract we touch →

Your wallet

you control

Your keys, and the USDG you borrow. Deposited stock is not here — it moved to Morpho.

Morpho protocol

immutable

Physically holds the deposited tokens, credited to your address on its ledger.

Kept

interface

Builds your transaction and collects the fee. No custody, no admin key over positions.

Ready to try it?

Start with a small deposit and borrow well under the limit. You can always add collateral or repay later.

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