bowline Questions
Straight answers
If your question isn’t here, read the docs. The whole rigging manual is public.
What happens if my token dumps 50% mid-loan?
Nothing. There is no price-based liquidation anywhere in the protocol: no health factor, no margin call. Repay by your deadline and the bag is yours, whatever the chart did in between.
So what can take my collateral?
One thing: your deadline passing without repayment. Even then you get a 48-hour grace window to still repay, for a small late fee of about 1% a day that goes to lenders. Only after that can a keeper settle, and the surplus above your debt still returns to your wallet in the same transaction.
How much can I borrow?
Memecoins: 20–30% of your bag’s value depending on tier. Stock tokens: 50–70%. The value comes from a 30-minute TWAP (memecoins) or a Chainlink equity feed (stock tokens), quoted by the contract itself before you sign.
What does it cost?
A flat fee on the amount borrowed: 1.5–3% for memecoins, 2.5–5% for stock tokens, depending on tier. No interest rate, no APR curve, no surprise accrual. Extending the deadline costs one tier fee.
Can I repay early or partially?
Yes, both, free. Partial repayments reduce your principal first; the fee settles when you close. Repaying in full returns your collateral in the same transaction.
Where does LP yield come from?
Borrower fees only. No emissions, no inflation. 40% of every fee flows straight into the pool, so the share price ratchets up with each closed loan (55% for the first 7 days). Withdraw anytime from un-lent cash.
What tokens are accepted?
Memecoins that graduated on hood.fun with a locked LP, distributed holders, and a sellability check, plus Robinhood’s native stock tokens (NVDA, AAPL, TSLA, SPY and more). The full list lives on the Tokens page.
Is Bowline custodial?
No. Collateral sits in a loan-scoped vault contract only your repayment can unlock. The team cannot move it; there is no admin path to your bag today, and any upgrade that could create one must sit publicly in a timelock first. The team can pause new activity in an emergency, but can never move or withdraw your funds; only you can, by signing your own transaction.
What are the real risks?
Plainly: pool caps start conservative while the protocol is young; stock tokens and USDG carry issuer powers (pause/freeze) that no protocol on this chain can remove, though anyone can poke the contract to extend your deadline while a token is paused (up to 30 days); and a settled loan realizes the penalty and bounty. Anyone who tells you a lending protocol is risk-free is lying.