Teller Loans

Degen

GN Degens! Did you know you can use your $DEGEN as collateral to secure a USDC loan on Teller? Check out the full details here: https://www.teller.org/ 👇

growth @teller coming soon @clarity





























































hosting /kieran /usdc /loans 

oh, never mind... it’s a borrowing platform, not a supplying one..
should've paid attention 😜

oh..i need to be informed for that release!!!

You can also lend, but I would wait a few weeks until we release lending pools. It will be a much better experience and set and forget.

Time-based loans with any ERC20, ENS, or NFT.💰Get a DeFi cash advance at app.teller.org 




🤝 Follow us /teller /loans

i see..."loop" sounds really good tho haha

Ya exactly. Where @teller comes into play here is you can use your $degen as collateral to get $usdc and then use that $USDC for whatever you want like buying spot or yield farming. 

As long as you repay to loan on time you will receive 100% of your collateral back, even if the price tanks. 

If the price goes up then you got free money. 

People often use this to “loop”. You use degen to get usdc to buy more degen to get more usdc etc. 

That’s riskier and leverage that requires unwinding, but a normal loan is just like a cash advance or line of credit.