Deposit tokenized SPY, mint the FUSD stablecoin at an interest rate you set, or earn interest and liquidation proceeds in the stability pool.

Official links: Website (florin.so) · @FlorinProtocol (x.com)

What Florin does

• Borrow FUSD against SPY at a self-chosen interest rate
• Stability pool earning interest and liquidation proceeds
• Redemptions start from the lowest-rate positions
• Multiply (leverage) announced as coming soon

Interest paid by borrowers, in the Liquity v2 model.

Florin is a lending market for tokenized stocks built on the Liquity v2 design. Users deposit SPY as collateral and mint the FUSD stablecoin against it at an interest rate they choose; redemptions start from the lowest-rate positions, positions are liquidated below a 110% collateral ratio, and FUSD deposited in the stability pool earns interest and liquidation proceeds. A Multiply feature for leveraged positions is announced as coming soon. As of 23 October 2026 Florin runs on Robinhood Chain testnet, with a SPY faucet for trying it; its contracts are not yet deployed on mainnet.

• Founded: 2026
• Team: No team named on the site.
• Token: No token
• Audits: None published

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