4.36%LiveUSDG rate from Morpho

Your stocks pay
for your AI

9:41
Welcome backYour vaults
Dashboard+ Deposit
AI credits
On $10,000 in USDG
$36 / mo
Vault yield
Steakhouse USDG
4.36% APY
Requests
Paid by interest
0 card
Interest becomes creditsAbout 22,000 fast chats a month
Quick actions
Deposit
Buy
Chat
API keys
Live rates
USDGDollar vault4.36%
NVDAStock vault1.12%
GOOGLStock vault1.11%

Deposit tokenized stocks, let Morpho lend them, and spend the interest on AI.

Launch app Buy credits
Live on Robinhood Chain
How it works

Keep what you own
Spend the interest

Deposit

Your shares stay.
They just work.

Deposit tokenized stocks like NVDA or TSLA, or dollars as USDG or USDC. Vela lends them through Morpho to borrowers who lock more than they borrow.

  • Withdraw any time, no lockups
  • Counted in shares, not dollars
  • Only you can withdraw
9:41
Deposit and let
it earn

Lent through Morpho. Withdraw any time.

VaultUSDGNVDAGOOGL
10,000 USDG
05k10k15k20k
Today's rateLiveMorpho
Yearly rate4.36%
AI credits per month$36
Deposit
AI credits

Interest in.
Every model out.

Interest arrives every block. Vela's keeper harvests it and turns it into credits, so every chat and API call is paid by what your deposit earned.

  • GPT, Claude, Gemini, Llama, DeepSeek and more
  • One OpenAI-compatible key, plus MCP
  • Credits never expire
9:41
claude-sonnet-4via Vela
Today
You
Summarize this earnings call in three bullets.
Vela · claude-sonnet-4
Here's the short version:
  • Revenue up on data-center demand.
  • Margins held despite higher costs.
  • Guidance raised for next quarter.
Ask anything…
Live markets

Real rates.
Checked live.

Stock vaults borrow dollars worth 30% of your shares and lend them out. The gap between what the dollars earn and what the loan costs becomes your credits.

  • One isolated Morpho market per stock
  • About a 50% drop before any liquidation
  • Chainlink price feeds
9:41
Search NVDA, GOOGL, AAPL…
Stock vaultsLive
NVIDIANVDA · stock vault
Price
$226.45
You earn1.12%
Loan costs0.64%
On $1,000$11.16
Room left $267kLiquidation after ~50% drop
AlphabetGOOGL · stock vault
Price
$352.97
You earn1.11%
Loan costs0.64%
On $1,000$11.15
Room left $267kLiquidation after ~50% drop
Credits

Earn them with a deposit
or buy them by card

Buy credits · no deposit needed
$20.00of AI credits

Card, Apple Pay, Google Pay, bank transfer or crypto through Whop. Any amount from $5 to $1,000.

$
Buy $20 of credits
AI credits$20.00
Card fee$0.59
Total today$20.59
  • Credits land as soon as the payment clears
  • They never expire, every model
  • Up to 3× further with Auto routing
Deposit and earn
$33/ month in AI credits

$400 a year if you let them stack. Your deposit stays yours.

Vault
$
Launch app
With Auto routing$66–$99 / mo
Everyday chats (fast model)—
Code reviews (Claude Sonnet)—
A $20/mo chat subscription—

Rates move with demand, so some months earn a little more or less. Credits you don't use never expire. Estimates use today's model prices; with Auto, simple requests go to cheaper models, so credits stretch about 2–3× further (up to $99 / mo).

Vaults

Two ways in
Today's rates, live

Dollar vault
Open at launch
USDG and USDC

Deposit dollars and they're lent through Morpho's USDG markets, the same markets behind Robinhood's own Earn product. The steadiest yield, live from day one. USDC from other chains converts to USDG on the way in.

Stock vaults
Opening one by one
Tokenized stocks

Keep your NVDA, GOOGL, AAPL, SPCX or TSLA and let them earn. Each vault borrows dollars worth about 30% of your shares through a curated Morpho market and lends them, so you never sell a share.

AssetPriceDollars earnLoan costsRoom leftYou earnCredits / yr on $1,000
Loading live rates…

MorphoRobinhoodChainlinkPaxosOpenRouterBuilt onaudited rails

Built to be
trusted

Withdraw any time
Your money

No lockups and no notice period. Nothing in the contracts can block a withdrawal.

Only you can withdraw
Your money

Vela has no way to move your deposit. The vaults have no function that lets Vela withdraw your USDG or shares; only the interest that pays for your credits ever leaves.

Rules can't be rewritten
The code

The vault contracts aren't upgradeable. If the USDG vault ever moves to a different Morpho vault, the switch is announced on-chain two days ahead so anyone can exit first.

Built on Morpho
The lending

Deposits are lent through Morpho, an audited lending protocol securing billions, via the Steakhouse USDG vault and Galaxy-curated stock markets.

Kept conservative
Stock loans

Stock vaults borrow 30% of your shares' value against a 62.5% limit and repay early above 38%. A stock would need to fall about 50% before any liquidation.

Checked before launch
Tested

Over 120 automated tests and three rounds of security review against the real Morpho contracts. Rehearsed end to end on a local chain before going live.

$VELA holders

Hold 1,000 $VELA.
Unlock Auto routing.

Auto reads each request and sends it to the cheapest model that can do the job, so the same credits buy about 2–3× more AI. No staking and no sign-up: Vela checks the wallet you sign in with.

  • Hold 1,000 $VELA in the wallet you use with Vela
  • Sign in with that wallet, the balance is checked for you
  • Pick Auto in chat, or use the model vela/auto
model: vela/autoexamples
Rewrite this tweetgpt-4o-mini$0.0007
Translate a support replygpt-4o-mini$0.0009
Draft a product specgpt-4.1$0.0063
Review a pull requestclaude-sonnet-4$0.0187
Simple requests cost up to70% less
Under the hood

Built on lending markets
that already work

1 · Your deposit

Stocks or dollars

Tokenized stocks, or USDG, the dollar stablecoin on Robinhood Chain. USDC converts to USDG when you bridge it in.

Robinhood Chain · Paxos USDG
2 · Vault

Vela vault

A dollar vault and one vault per stock, built on Morpho Vault V2. It tracks what you own and decides where it's lent.

Morpho Vault V2
3 · Lending

Morpho markets

Dollars are lent against collateral like USDe; stocks are lent against USDG. Price feeds liquidate any borrower whose collateral runs low.

Morpho Blue + Chainlink
4 · Interest

Credits

Interest accrues every block. Vela's keeper harvests it and adds it to your balance as AI credits.

Vela keeper
5 · AI

Every model

Your key reaches hundreds of models from every major lab. Each request is charged at its real price.

OpenRouter
Isolated markets
Why Morpho

Each stock gets its own market with its own risk settings, so trouble in one stock can't spread to the others. Morpho's core contracts are immutable and audited.

Shares, not dollars
Why vaults

The vault counts your deposit in shares of the stock. Interest is paid in the same stock and turned into credits, so your share count never drops.

Every model, one bill
Why OpenRouter

OpenRouter connects to OpenAI, Anthropic, Google, Meta and more, with fallbacks when a provider is down. Vela adds the payments and the credits.

Why Vela

Three ways to pay for AI
Only one keeps your shares

Card
Pay a subscription

$20 to $200 a month, every month, out of your pocket. Nothing you own works for you.

Sell
Sell some stock

You lose the shares and their upside, and selling can mean a tax bill.

Vela
Let your stocks pay

Your shares keep their full upside. The interest they earn by being lent out covers your AI.

Models

One key
Every model

Use your credits from code

Works with any
OpenAI SDK.

Your credits work across all major models through one OpenAI-compatible API, or right in the Vela app. No separate accounts or bills.

  • GPT, Claude, Gemini, Llama, DeepSeek and more
  • Streaming, tools and JSON mode work as usual
  • Every request is paid from your credits

            

          

        

      

    

  


  
  

    

      

      
      

    

    

      

        Risks
        
What you
should know

      

      

        

          

            
Stablecoin risk
Dollar vault
USDG can lose its peg
The dollar vault holds USDG, issued by Paxos. It is backed by cash and Treasuries, but a stablecoin can lose its dollar peg.

            
Rates depend on demand
Credits
Credits can slow down
Credits come from what lent dollars earn minus what the stock loan costs. When that gap shrinks, credits slow down or pause.

            
Weekend price gaps
Price feeds
Markets close, feeds pause
Stock price feeds pause when markets close. Prices can jump on reopen, which affects borrowers and liquidations.

          

          

            
A loan on your stock
Stock vaults
A crash could cost shares
Stock vaults borrow dollars worth about 30% of your shares and repay early if the stock falls. A crash of roughly 50% or more, faster than the vault can react, could let Morpho sell part of the shares to repay the loan.

            
Withdrawals can wait
Liquidity
When everything is lent out
If the dollars are fully lent out, a large withdrawal may wait until borrowers repay.

            
Vela runs the keeper
Operations
If the keeper stops
A Vela service turns interest into credits. If it stops, interest keeps building in the vault and is credited when it restarts.

          

          

            
Your stock price still moves
Market risk
Lending isn't a hedge
Lending doesn't protect you from the market. If the stock falls, your deposit is worth less.

            
The stock token issuer
Robinhood
Transfers can be paused
Robinhood issues the stock tokens and can pause transfers or block an address. While a token is paused, deposits and withdrawals for that stock wait until it resumes.

            
Smart contract risk
Contracts
Audits reduce risk
Vela runs on Morpho's audited contracts plus its own vault. Audits reduce risk but don't remove it.

          

        

      

    

  


  
  

    

      

        Roadmap
        
Next stops
on the line

      

      

        
Live
Auto routing
Vela sends each request to the cheapest model that can handle it, so your credits go further. Simple requests can cost 70% less. For wallets holding 1,000 $VELA.

        
Live
Pay any way
Buy credits with a card, Apple Pay, Google Pay, bank transfer or crypto. Credits land the moment you pay, and $VELA holders keep Auto routing.

        
Live
Developer platform
API keys with spending limits, usage analytics and activity logs, an MCP server and SDKs for agents, and “Sign in with Vela” so your app's users spend their own credits. Read the docs.

        
Stop 5
Credit marketplace
Not using all your credits? Sell them to people who want AI for less, and get paid in USDG. Buyers save, and your idle credits turn into cash.

        
Stop 6
Stake $VELA
Stake $VELA to keep Auto routing on and earn AI credits, funded by activity across Vela and the marketplace.

        
Stop 7
Take credits anywhere
Move credits from your balance into your wallet as a token. Hold them, send them, or trade them on Robinhood Chain DEXs. Anyone holding them can spend them on AI at Vela.

        
Stop 8
Agents pay their way
AI agents with their own wallets hold stocks and pay for their own model calls from the interest.

        
Stop 9
Credits ahead
Spend next month's interest today, backed by the shares in your vault. Small limits that grow over time.

      

    

  


  
  

    

      

      
      

    

    

      

        FAQ
        
Questions
answered

      

      

        
Do I still own my shares?
Yes. Your vault balance is counted in shares, not dollars. Price moves are yours, up or down, and you can withdraw the same number of shares you deposited.

        
Where does the interest come from?
From borrowers. Traders borrow tokenized stocks to hedge or short, and they pay interest for it. They must lock more USDG than the shares are worth, and positions that fall short get liquidated.

        
What if nobody borrows my stock?
That's why stock vaults open one by one, only once a stock has borrowers. If demand drops later, credits slow down but your shares are unaffected. You can switch to the dollar vault or withdraw.

        
What happens to credits I don't use?
They stay in your account and never expire. Every month adds more, so a quiet month means a bigger balance for a busy one.

        
Can I deposit USDC?
Yes. Robinhood Chain uses USDG as its dollar, so USDC bridged in from Ethereum, Base, Arbitrum and other chains arrives as USDG. Withdrawals can go back out as USDC.

        
Where does the interest on dollars come from?
From borrowers on Morpho who lock other assets as collateral and borrow USDG. Rates float with demand. Any rewards Morpho or Robinhood pay to USDG lenders also become credits.

        
Which models can I use?
All major models from OpenAI, Anthropic, Google, Meta, DeepSeek, Mistral and more. Each request is charged at the model's price plus a small service fee, paid from your credits.

        
Can anyone use Vela?
Tokenized stocks aren't available in every country, including the US. Check whether you can hold stock tokens where you live before depositing.