The Stonk Exchange
Borrow chips against your shares
Stonk Bank lends you chips against shares and bonds you hold. The loan is ordinary free chips: bet them, buy with them, cash them out. Repay whenever you like and your shares are free again.
- Part of the Exchange
- 0.5% a day
- Paid back any time
Three ways in
Where you borrow
There is no building. The bank lives inside the Stonk Exchange.
01Borrow on shares you own
On the Bank tab, pick a company, type the chips you want and press Borrow. The bank holds some of your shares while you owe.02Borrow on a buy
Switch Borrow on in a buy ticket. You put in your chips, the bank adds more, and holds the shares you get while you owe.03Buy a bond with 20% down
On the Bonds tab, pay 20% and the bank adds the rest. It is paid back from the bond when it ends.
A loan from the bank is a loan, not a gift: you owe it back with interest, and you carry the risk of the shares you buy with it.
How it works
One number, and when the bank sells
You say how many chips you want. The bank picks how many of your shares to hold.
- You get the chips. They are ordinary free chips: bet them, buy with them, cash them out.
- The bank holds some of your shares while you owe. The Borrow form says how many. They stay yours, keep paying dividends and give them back when you repay.
- It costs 0.5% a day of what you owe. Repay any time, a little or all.
- If the price falls below the red line, the bank sells the shares it holds. Every loan shows the price on its chart: the red line. If the price falls under it, the bank sells every share it holds for that loan, takes back what you owe plus a 5% fee, and gives you the rest in chips. The loan is over. You keep the chips you borrowed and every share the bank was not holding.
For example, you borrow 100,000 chips and the bank holds 600 MDIA. If MDIA falls below 190, the bank sells the 600 MDIA, takes back your 100,000 + 5% (5,000), and gives you the rest: about 6,100 chips. You keep the 100,000 chips you borrowed and your other 400 MDIA. Your money is not gone: what you lose is the fee and the drop in price.
Each loan card has a bar. Safe means plenty of room, Getting close means you can't borrow more and a fall in the price could make the bank sell, and Selling means the bank is selling now.
Examples
What the numbers look like
Today's settings, rounded. They can change.
| Question | Borrow on a buy | Borrow on shares you own | Bond with 20% down |
|---|---|---|---|
| You put in | 10,000 chips | nothing: shares you already own | 20% of the bond |
| The bank adds | about 36,000 chips | the chips you ask for | the other 80% |
| What you get | the shares, held by the bank while you owe | chips to play with; the shares stay yours | the whole bond |
| The bank sells | if the price falls about 11% | if the price falls below the red line on the loan card | never: it is paid back from the bond |
Buy a bond with 20% down
You put in 20% of the price, the bank adds the rest, every nightly payment is yours, and the bond pays the bank back first when it ends.
| Question | A 10,000-chip bond · 2 nights · 0.75% a night |
|---|---|
| You put in | 2,000 |
| The bank adds | 8,000 |
| Paid to you each night | 75 (2 nights: 150 in all). Always yours. |
| When it ends, the bond pays 10,000 back | the bank is paid first, you get the rest |
| the bank takes | about 8,081 (its 8,000 plus 2 days at 0.5%: about 81) |
| you get | about 1,919 |
| You end with | about 2,069: +69, +3.5% on your 2,000 |
Borrow on shares you own
You hold 100,000 chips of shares in one company. Ask for chips and the bank says how many: up to about 80,000. It holds some of your shares while you owe, and the shares stay yours. At 0.5% a day, owing 80,000 costs about 400 chips a day. If the price falls about 11% the bank sells all the shares it holds, takes back the 80,000 + 5% and gives you the rest; the loan card shows the exact price and what comes back. You keep the 80,000 chips and your other shares. Repay any time and the shares are free again.
Borrow on a buy
You switch Borrow on and put in 10,000 chips. The bank adds about 36,000, so you get about 46,000 chips of shares, held by the bank while you owe. If the price falls about 11% the bank sells all of them, takes back the loan + 5% and gives you the rest. All numbers are examples; the buy ticket shows yours before you confirm.
Questions
Ask the dev
- Do the shares the bank holds still earn dividends?
- Yes. They are still yours: they pay you dividends every day and count toward your tower. You just can't sell or move them until you repay.
- If the price drops and the bank sells, is my money gone?
- No. The chips you borrowed are yours to keep. The bank sells only the shares it holds, takes back what you owe + 5%, and gives you the rest. What you lose is the fee and the drop in price.
- Can I stop it from selling?
- Yes: repay some or all of the loan any time, and the red line moves down (or goes).
- What if I never repay?
- The loan grows 0.5% a day. If it reaches the line (about 24 days for a loan at the most you could borrow), the bank sells the shares it holds as above.
The rules
What to know before you borrow
- Only free chips repay the bank. Locked chips and Bonus chips can't repay a loan, and the chips you put in on a buy or a bond come from free chips too.
- Shares the bank holds can't be sold or moved, except by selling to repay: a sale of them pays the bank first and the rest is yours.
- Locked shares can't be used. Shares from contracts that are still locked, or bought with locked chips, count for nothing to the bank until they are free.
- What you owe is taken off. Your tower, yield, floors, play status and votes count your shares and chips net of what you owe the bank. Borrowing doesn't make you bigger.
- Limits. Each company has a cap on what the bank lends against it, each wallet has a cap on what it can owe, and the bank only lends what it has. If a loan is refused, the message says why.
- If a company closes the bank sells first, from the loans it backs, before the company pays out what is left.
Finding it
Where things are
- The Bank tab on the Exchange: the Borrow form, your loans, Repay, Borrow more, Get shares back, and the times the bank sold.
- The chip menu in the top bar shows Owed to Stonk Bank while you owe something.
- Under a position on your Portfolio: how many shares the bank holds, and what you owe.
- A bond bought with 20% down, in My bonds, says what you owe and that it is paid back from the bond when it ends.