P2P loans

Turret P2P lets lenders offer USDG loans against a specific quantity of collateral. The lender sets the terms and deposits the loan amount upfront. A borrower accepts an offer, locks the required tokens and receives the USDG.

P2P loans have a fixed repayment amount and deadline. They are separate from the lending pools used by Borrow and Earn.

Borrow from an offer

1. Open P2P and browse the funded offers. You can filter by collateral and compare loan amounts, interest and duration before connecting a wallet.
2. Open an offer and review the exact collateral quantity, USDG you receive, total repayment and loan duration.
3. Connect the wallet holding your collateral on Robinhood Chain. Approve the token transfer when requested, then confirm acceptance.
4. After acceptance confirms, the contract holds your collateral and the USDG is in your wallet. Save the loan link and its final repayment deadline.

Each offer is accepted in full, once. Opening its details does not reserve it. An offer restricted to a particular wallet can only be accepted by that wallet.

Create a lending offer

Choose Create offer, then set:

• The collateral token and quantity the borrower must provide.
• The USDG principal you will lend.
• The fixed interest amount for the entire loan.
• The duration in whole days.
• The expiry of the unused offer.
• Public availability or one specific borrower address.

Review the terms, approve USDG if requested and confirm Fund offer. The full principal moves into the contract when funding confirms. It stays reserved until a borrower accepts or the offer is cancelled or released after expiry. Unaccepted offers earn no interest.

You can cancel an unaccepted offer. To change its terms, cancel it and create another. Once accepted, your funds remain committed until repayment or default settlement. Restricted offers still have publicly visible terms on the blockchain.

Repayment

The loan duration starts at acceptance. The offer's expiry only determines how long an unused offer can be accepted.

The borrower owes the principal plus the fixed interest. Early repayment still requires the entire interest amount; partial repayments are not supported. For example, a loan of 1,000 USDG with 20 USDG interest requires one repayment of 1,020 USDG.

There is a 24-hour grace period after the due date. The full repayment transaction must confirm by the final deadline shown in the loan. Network delays and token transfer restrictions do not extend it.

Open the loan from My loans or Portfolio, keep enough USDG in your wallet, and confirm repayment. Repayment credits the lender with principal and interest and credits the borrower with the collateral. Both then withdraw their assets separately.

Use Download calendar reminders in the loan to import reminders for one day and one hour before its final deadline; remove them after repayment because they do not update automatically.

If the deadline is missed

After the final deadline, repayment is no longer accepted. The loan can be settled by assigning all collateral to the lender. After settlement, no further USDG is owed.

P2P does not liquidate a loan because its collateral price falls. It also does not sell collateral or refund a surplus after default. The borrower can lose collateral worth more than the debt; the lender can receive collateral worth less than the amount lent. Read the risks before agreeing to a loan.

Withdraw settled funds

Use Available to withdraw on P2P, or Ready to withdraw in Portfolio. Repayment, default settlement, cancellation and expiry release funds into a withdrawal balance first. A separate transaction sends those funds to your wallet.

USDG committed to an open offer or an active loan is not a withdrawal balance. Pooled Earn deposits do not fund P2P offers automatically.