You cannot post collateral you do not hold.
Every position here starts with owning the right asset and ends with owning a different one. To borrow against NVDA you need NVDA. To repay in USDG you need USDG. Until now both of those errands happened somewhere else, and the round trip was the most tedious part of using this protocol.
So the errand moved here. Prices come from the pools themselves, across every venue on this chain, and the transaction is unsigned until your own wallet signs it.
You pay
You receive
Routed by Voxelithic across six venues on this chain. The transaction is unsigned until your wallet signs it, and the router reverts rather than filling below the minimum above.
What this is for
Before borrowing.
The 43 markets each want a specific collateral. Holding USDG and wanting to borrow against SPY is two steps, and this is the first one.
After borrowing.
A loan pays out in USDG. Turning that into more of the same stock is how you add exposure by hand — the same thing Multiply does in one transaction, at a pace you choose instead.
Before repaying.
Debt is denominated in USDG. If what you hold is the stock, you need the other side of this page first.
Why the routing is not ours
Cluby already swaps, inside the leverage router and inside the liquidator — but both go through one Uniswap v3 pool at a fee tier the caller names. That is right when the pool is known in advance and wrong for a plain swap, where the better price is often on one of the other venues.
So this page asks Voxelithic, which routes across 6 venues on this chain — Uniswap v3, Up, Ramses, Uniswap v4, Giga, Alandale — and reports how many pools could actually take the size. Pools that could not fill the order are excluded rather than estimated, which is why the number that answered and the number that could fill are shown separately above.
What can go wrong
- The price moves before you sign. The router enforces the minimum shown and reverts rather than filling below it. A reverted swap costs gas and leaves your balance where it was.
- Your order is bigger than the pool. Price impact is measured against the route the order would actually execute against. Above 1% the page says so, because at that size the quote describes the depth it consumed rather than the market.
- This is a third party. Cluby holds none of these funds and signs none of these transactions — the quote and the calldata come from Voxelithic, and your wallet is what approves both. A bad quote is visible before you sign; that is the whole protection.