Earn · first module
qSHARE
Lend the share. Borrowers of the name pay a utilization fee.
You keep economic ownership. Dividends pass through the B20 multiplier. Receipt is an ERC-4626 per name. First module. First name: NVDAc.
Quton
Base · NVDAcOpen the Book
Prime brokerage · Coinbase tokenized stocks · Base
Earn or borrow
the stock.
One inventory Book of B20 shares and USDC. Lend the name and keep the dividend. Locate the name and pay the market. Later, cash against the same book.
First name NVDAc · First module qSHARE · Rates are the market
Inventory · first name
NVDAc
Inventory
12,400sh
On loan
4,179sh
Posted supply
0.97%market
Posted borrow
3.61%market
Utilization
33.7%
Drag utilization. Posted rates follow the curve — they are not a coupon.
Oracle 11sMultiplier 1.0000Recall window 24h
Names
NVDAcfirstAAPLclaterGOOGLclaterMETAclaterTSLAclaterNames
NVDAcfirstAAPLclaterGOOGLclaterMETAclaterTSLAclater
The mark
A desk, not a dashboard.
One spine
Three tickets. One Book.
qSHARE, qLINE, and qOTC debit and credit the same inventory. They are listings, not three apps.
After inventory
qLINE
Cash against a portfolio, without selling the book.
Holdings plus haircuts. USDC is drawn via Morpho — Quton is not a money market. SBLOC-style credit for a brokerage-shaped basket.
After the line
qOTC
Two parties. One ticket. Lifecycle on the Book.
Term stock-loan or repo first; TRS later. Escrow in the shared inventory. Not a pooled LP of unnamed risk.
Earn
You keep the stock.
You keep economic ownership. Borrowers pay a fee. Dividends stay in the multiplier. Withdraw when free inventory covers the exit.
Lend NVDAc
Borrow
You locate the name.
You receive the stock. You post USDC. You pay the utilization rate. The lender can recall after the window.
Borrow NVDAc
The Book — inventory, three tickets, one spine
Inventory is the product.
The Book
If a ticket does not change inventory, it is not v1.
The Book tracks names, utilization, the multiplier, pause state, and oracle freshness.
Utilization curve
Kink at 80%
Posted borrowPosted supply
Utilization is the rate
A published curve. No target coupon. Protocol take is a split of the stock-loan fee, not a token emission.
Multiplier, not rebase
Dividends and splits live in the B20 multiplier so ERC-20 balances do not brick a loan mid-flight.
Halt before leverage
Stale or frozen Chainlink TRV, B20 TRANSFER pause, or guardian: no new risk. We do not invent weekend marks.
Recall is published
qSHARE borrows are open-term with a 24h recall window. qOTC terms are immutable after accept.
Who sits on the Book
A holder and a market-maker, on one name.
Beachhead is the MM + holder pair on NVDAc. Lines and bilateral tickets come after that pair pays.
Now
Holder
Earn on NVDAc you already hold, without dumping it into an AMM.
Now
Market-maker
Borrow inventory to make a market or cover a short. Pay the posted rate.
After the line
Desk
Term stock-loan or repo with a named counterparty. Lifecycle onchain.
After PMF
Brokerage
Embed SBLOC-style cash they cannot fund on their own balance sheet.
Composed, not rebuilt
The rails already exist. The desk did not.
Morpho is the credit rail. Chainlink publishes total-return. Aerodrome has spot inventory. B20 is the share. Quton is locate, portfolio, and ticket — not another AMM.
- Base
- Coinbase B20
- Morpho
- Chainlink
- Aerodrome
Said plainly
What this is not.
Trust is operational. The issuer remains sovereign. Fit is a paid locate, not a landing page.
- No promised coupon. Posted rates are the market.
- No perpetual CLOB, no funding-rate vault, no delta-neutral homepage.
- Issuer seize, pause, and transfer policy remain sovereign.
- Feeds are 24/5. We do not invent a weekend mark.
- Public share-borrow posts USDC collateral. That is not qLINE.
- Incentives do not prove product-market fit. A paid locate does.
Status
Pre-PMF. First name NVDAc. The desk is open for a cycle.
Devnet proves mechanics. Mainnet dust proves demand. Open the Book to lend or locate mock NVDAc — faucet, utilization, collateral, recall.