Self-repaying loans on staked SOL
Take up to half your staked SOL today. The yield it earns from here pays it back, and a price crash has nothing to sell.
Deposit staked SOL and borrow uSOL against it, up to 50% of what you put in. Every reward your stake earns is taken off your debt instead of piling up, so the debt goes one way: down.
Borrow dollars against SOL and every drop in the price pushes you toward a forced sale. The debt stays put, the collateral shrinks, and at the line a liquidator sells your stake at a discount.
Here the deposit and the debt are both counted in SOL. A crash moves them together, and the ratio between them stays where it was.
Measured on a local chain with Jito's real pool: a position at the 50% limit, then SOL down 50%, SOL down 90%, and JitoSOL trading 10% under its pool rate. Each time it stayed at 50.0% and the program refused to unwind it. The same loan in dollars would have been at 100%, 500%, 55.6%.
The program reads no price oracle at all. Only a loss inside the stake pool itself can open an unwind, and then at the same price: SOL for SOL, with no penalty. Your borrow limit is 50%.
What a borrower here never meets
The program reads each token's SOL rate from its own pool
JitoSOL
SPL stake pool rate
mSOL
Marinade state rate
JitoSOL
SPL stake pool rate
mSOL
Marinade state rate
JitoSOL
SPL stake pool rate
mSOL
Marinade state rate
Take the yield now, then walk away. Each time the stake pool pays its reward, anyone can sync your position, and that reward comes off your debt, epoch after epoch, until there is nothing left to pay.
Put JitoSOL or mSOL into your own position. It keeps staking.
Take uSOL against it, up to 50% of its SOL value. Spend it or swap it.
The yield pays it down. A loan of a quarter of your deposit took 1,940 days (5.3 years) at today's JitoSOL rate, measured.
At zero, withdraw everything. Or repay early, with uSOL or your own collateral.
Try it with your own numbers
1 / 4
You deposit 100 SOL of JitoSOL and borrow 0.00 uSOL against it. Nothing is sold, and your stake keeps earning.
Gone in 8.5 years at 4.8% a year, synced every epoch. Measured with JitoSOL: 10% in 777 days, 25% in 1,940 days, 50% in 3,878 days.
The same deposit, and a dollar loan of the same size. From here on, the price of SOL decides your fate.
Loan to value in dollars: 0%. Liquidated at 80% in this example.
Healthfactor/notathinghere
Nothing to watch. No alert to set, no price to babysit, no top-up at three in the morning. The stake earns, the debt shrinks, and you look in when you feel like it.
Uruoi means moisture, the slow kind that soaks back into what is dry. Here it is the yield, working its way back into a loan until the loan is gone.
You keep your SOL. You keep it staked. You keep what you borrowed. The only thing that leaves is the debt.
