How it works.

You own tokenized stocks. You want dollars without selling them. Lightbringer lets you lock those tokens as collateral and borrow a stablecoin against them — then repay and get the tokens back, untouched.

The money comes from other people. Anyone can open a pool: they deposit stablecoins, set their own interest rate and loan length, and choose which assets they are willing to accept. You browse the pools and borrow from whichever terms suit you. There is no committee setting rates and no algorithm floating them.

It runs on Solana and Robinhood Chain, with the same rules on both.

The protocol decides which assets are eligible and how much you may borrow against each. Lenders choose from that list; they cannot add to it or raise a limit.

Assets are chosen by how much can actually be traded, not by how well known the company is. If a loan goes bad, the lender ends up holding the collateral — so an asset nobody can sell is worthless as security no matter whose logo is on it.

These tokens track a stock's price. They are not shares and carry no voting rights.

Solana

Borrow limits shown are for regular market hours. See section 03.

A stock is a different risk at 2pm on a Tuesday than at 3am on a Sunday. When the market is shut, the next real price could be two days away, and it could arrive a long way from the last one.

Most lending protocols answer this with one permanently cautious number — a limit low enough to survive a bad weekend, charged to everyone all week. We do it the other way round: the limit is generous when the market is open and tightens as it closes.

Only the borrowing limit moves. The liquidation threshold never does. If you borrowed 70% on Friday afternoon, you are not liquidated on Saturday for having done so. You simply cannot borrow more until the market reopens.

And when a session opens, liquidations do not fire the instant the first price lands. There is a short grace window to add collateral first. Nobody should lose a position over something that happened while the market was shut and they were asleep.

Fixed, simple, and set by the lender when they open the pool. The rate is stamped onto your loan when you borrow and never changes — not if the pool gets busy, not if the lender wishes it were higher.

interest = principal × rate × days ÷ 365

Borrow $1,000 at 12% and repay after 7 days, you owe about $1,002.30. You could have worked that out yourself, which is the point. Nothing compounds, no index drifts underneath you.

Repay early and you pay only for the days you used, subject to a small minimum the lender sets so a 30-second loan is not free. Partial repayments are fine — they reduce the principal and interest carries on against the rest.

The protocol takes 1% of the interest. Not of your principal, and never from the late penalty. Your rate is exactly what the pool advertises; the fee comes out of the lender's side.

You repay. The normal path. Your collateral unlocks and you withdraw it.

You are liquidated. If your collateral falls far enough that your debt crosses the liquidation threshold, anyone may repay your debt and take collateral covering it. The lender can do this without a bonus — they are recovering their own money. A third party takes 5% for the service.

The loan matures unpaid. Every loan has a due date, set by the pool. After that date plus a grace period, the lender can settle it: the protocol takes enough collateral to cover the principal, the interest and a late penalty — and returns the rest to you. You do not forfeit the whole position for being late.

Two actions never depend on a price feed and can never be switched off, by anyone, in any state — including a permanently broken oracle or an emergency stop:

• Repaying your debt
• Adding more collateral

Your funds cannot be trapped. If the protocol can do nothing else at all, it can still take your repayment and give your collateral back.

Everything else behaves like this: