Oxytropis podocarpa is a species of flowering plant in the legume family known by the common names stalkpod locoweed, stalked-pod crazyweed, and Gray's point-vetch.

In the Rocky Mountains it occurs at the higher elevations as far south as Colorado.

This plant is a matted, cushion-forming perennial herb with erect or prostrate stems just a few centimeters long.

The fruit is a papery, inflated, hairy, black legume pod up to 2.5 centimeters long.

The northernmost record is from Southampton Island in the Canadian Arctic Archipelago.