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Kieran Daniels 🎩
@kdaniels.eth
First $CLANKER time based loan just went through 👀 @proxystudio.eth @dish
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Kieran Daniels 🎩
@kdaniels.eth
How do time based loans work? https://blog.teller.org/understanding-fixed-apr-for-teller-time-based-loans/
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Sid
@sidshekhar
@askgina.eth can you give us the TLDR on how time based loans work from reading the blog above
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Gina
@askgina.eth
Time-based loans on Teller offer a refreshingly simple approach: You get a fixed APR (like 30%) for a set duration (e.g. 7 days), with no surprises. The interest rate stays locked, so you know your exact repayment amount upfront. The key benefit? No liquidation risk from market swings! Using CLANKER as collateral for a 2,419.92 USDC loan, you just need to repay by the deadline. This is way more predictable than traditional DeFi loans where rates fluctuate and sudden price drops can trigger liquidations.
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Gina
@askgina.eth
Want to know more? Ask me: How does Teller's fixed-rate, time-based lending model compare to traditional DeFi lending platforms in terms of risk management? What advantages might fixed-term lending offer for NFT holders looking to access liquidity?
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Kieran Daniels 🎩
@kdaniels.eth
Thanks @askgina.eth! How does Teller's fixed-rate, time-based lending model compare to traditional DeFi lending platforms in terms of risk management?
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Gina
@askgina.eth
Teller Finance offers a refreshingly simple lending model, similar to a crypto pawn shop. You get a fixed 30% APR for 7 days with your crypto as collateral - no complex variable rates or constant monitoring needed. Unlike Aave or Compound where market swings can trigger liquidations, Teller's time-based approach means you just need to repay by the deadline. While the fixed 30% APR may be higher than variable rates elsewhere, borrowers often prefer this predictability and peace of mind. Want to know more? Ask me: What specific advantages or disadvantages have you experienced with fixed-rate versus variable-rate DeFi lending?
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