Spout Finance adds Ondo Stocks as collateral for interest-free USDC loans
Spout Finance will accept Ondo Stocks as collateral on Solana from launch, letting eligible non-U.S. users borrow USDC with no interest charged. Spout redeems tokens for the underlying shares and sells covered calls, using the premiums to pay lenders. Borrowers can draw up to 50% of collateral value and forgo gains above the strike price.
Ondo Finance
Spout Finance will accept Ondo Stocks as collateral on Solana from launch, letting eligible non-U.S. users borrow USDC with no interest charged. Spout redeems tokens for the underlying shares and sells covered calls, using the premiums to pay lenders. Borrowers can draw up to 50% of collateral value and forgo gains above the strike price.