P2P lending backed by tokenized stocks
Lend ETH or USDG on your own terms, or borrow against the stock tokens you hold without selling them. The first P2P lending protocol on Robinhood Chain.
The trusted middleman between lenders and borrowers
Your terms,
your collateral
Why Middle Man
Your terms,
your collateral
TSLA max LTV
25%
NVDA max LTV
40%
AAPL max LTV
55%
SPY max LTV
70%
COIN max LTV
20%
AMD max LTV
35%
MSFT max LTV
50%
QQQ max LTV
65%
Your LTV, set for every single stock.
Lenders set a max LTV for every stock they accept, so steadier names can back bigger loans than volatile ones. If a loan crosses its liquidation LTV or passes its due date unpaid, the collateral is credited straight to the lender.
Accept only what you trust.
Pick exactly which of the 194 Robinhood stock tokens you take as collateral, from NVDA and AAPL to TSLA and SPY. Borrowers see what each listing accepts before they commit, so there are no surprises.
Instant settlement, full ledger.
Middle Man holds every deposit in its treasury and records every balance in its ledger. Loans settle on Robinhood Chain in seconds, and any balance not tied up in a loan can be withdrawn anytime.
- Bid
- Ask
- Last
- Bid
- Ask
- Last
- Current
- Liquidation
Live prices for every stock, every trading hour.
Stock token prices update 24 hours a day, five days a week. Every open loan’s LTV is tracked against the live price, so lenders and borrowers always know exactly where each position stands, well before any due date.
Protocol
Simple, fair and transparent
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Lender-set terms
Every listing shows its APR, loan duration, accepted collateral and max LTV per stock up front, all set by the lender who posted it.
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Treasury and ledger
Middle Man holds deposits in its treasury and tracks every balance in its ledger, so you always know exactly what is yours and what is currently out on loan.
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Clear default rules
If a loan passes its liquidation LTV or reaches its due date unpaid, the collateral is credited to the lender. When the borrower repays, it is released.
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Withdraw anytime
Any balance that is not tied up in an active loan can be withdrawn whenever you like. Withdrawals are free, you only pay network gas.
Ways to use Middle Man
Lend ETH against blue chip stocks
Post 1 ETH and accept only SPY, AAPL and MSFT as collateral
Set your own APR and loan term
Pick a fixed rate and a loan duration that suit you
Set LTV per stock
Give TSLA a lower max LTV than SPY, or any mix you like
Lend USDG for a fixed term
Earn a set rate on USDG for as long as you choose
Borrow ETH against NVDA
Keep your NVDA exposure and get ETH in one step
Borrow USDG against SPY
Unlock stable liquidity from an index position without selling it
Compare open listings
Sort listings by APR, duration, max LTV and accepted stocks
Repay and get stocks back
Repay before the due date and your collateral is released
Track your loans
See every active loan, its LTV and its due date in one place
Watch LTV in real time
Live stock prices keep every loan’s LTV up to date, 24/5
Use cases
Liquidity for every holder
on Robinhood Chain
Borrow ETH against your NVDA without selling a share
Lend USDG and accept only AAPL and other blue chips you already trust
- Borrowers
- ETH
Unlock liquidity from your TSLA position, keep all of the upside and repay any time before the due date
- Lenders
- USDG
Earn a fixed APR on USDG with SPY as collateral
- Borrowers
- USDG
Borrow USDG against your MSFT shares at a fixed rate you know from day one
- Lenders
- ETH
Put idle ETH to work with loans backed by META stock
- Borrowers
- ETH
Borrow ETH against QQQ for a set term and get your shares back when you repay
Features
- Custom LTV per stock
- 194 stock tokens as collateral
- ETH and USDG loans
- Fixed APR set by the lender
- Lender-set loan duration
- Treasury-held deposits
- Full balance ledger
- Instant settlement
- 24/5 stock price feeds
- Withdraw anytime
- No fee to post a listing
- Gas paid in ETH
- Repay before the due date
- Collateral back on repayment
Start here
- Guide
Browse open listings and borrow ETH or USDG against the stocks you hold
- Guide
- App