FAQ

Valnex is a capital gateway on Robinhood Chain. You deposit USDG into one contract, the sluice, and it lends that USDG across a fixed set of Morpho lending markets. Borrowers in those markets pay interest, and that interest raises the value of your sluice shares.

A deposit mints sluice shares and is supplied straight away to the lending lanes, filling whichever lane is furthest below its target weight. A withdrawal burns shares and pulls USDG back from the lanes, starting with the one furthest above target. Nobody steers the money: the lanes and weights were fixed when the contract was deployed.

Robinhood Chain, chain id 4663. Gas is paid in ETH. Your wallet is asked to add the network the first time you connect.

From borrowers. In each lane, people post a dollar token (USDe or syrupUSDG) as collateral and borrow USDG against it, paying a variable rate set by Morpho's rate model. Lenders receive that rate in proportion to how much of the market is lent out. There is no other source and no token reward mixed in.

USDG only, the dollar token on Robinhood Chain. ETH, cbBTC and tokenized funds are shown on the Explore page with live prices, but no lending market on the chain pays a borrower rate on them today, so the sluice does not take them.

No lock-up and no queue. You can withdraw whenever the lanes hold unlent cash. If borrowers have taken almost all of it, a large withdrawal can wait until loans are repaid or rates rise enough to bring new lenders in. The app shows how much can leave right now.

No. The contract has no fee and no fee setter. Morpho markets can carry a market fee; both lanes run with it switched off today, and the site reads that value live.

Yes. Until the sluice address is published, the app runs in practice mode: you sign one message, then deposits and withdrawals are recorded in your browser and valued at the live market rate. Nothing is sent and no funds move.

Bad debt: if a borrower's collateral loses value faster than liquidators can act, the market's lenders absorb the shortfall, and so does the share price. Oracle risk: each market prices its collateral through an oracle, and a wrong price can trigger the wrong liquidations. Liquidity: when utilisation is very high, withdrawals wait. Contract risk: the sluice and Morpho are code, and code can fail.

Nobody. It has no owner, no admin key, no pause and no upgrade path. Lanes, weights and the asset are fixed in the constructor. Anyone can read them on the explorer or with the verify script in the source code.

$VALNEX has not launched yet. When it does, the one official contract address will appear on the token page and in the site header, and you will be able to swap for it on Robinhood Chain with any wallet that supports the network. Always check the address against this site.

No. Depositing USDG into the sluice never requires the token, and the sluice does not hold or reward it.