Aave is my favorite defi app

It’s a lending platform that created a new type of loan that didn’t exist before and couldn’t without objective programmable money

It lets you borrow against your highly liquid digital assets in just a few clicks, no questions asked. I already use it from time to time - most recently to get some cash to buy my dad a tennis ball machine and to take leverage on ETH

Would love to have you as a Teller.org user :) 

Time based, oracle-less borrowing. No margin calls. 

It’s basically what ETHlend was which was the precursor to Aave.

/ethereum foundation | control the memes control the minds paragraph.xyz/@chaskin

growth @teller coming soon @clarity





























































hosting /kieran /usdc /loans 

Our largest users are using Teller to borrow against long tail assets to save their leverage trades on Aave and Compound. But people also use Teller to get stables to farm yield or buy spot. We are trying to push the narrative as a “DeFi Cash Advance”.

Our largest users are using Teller to borrow against long tail assets to save their leverage trades on Aave and Compound. But people also use Teller to get stables to farm yield or buy spot. We are trying to push the narrative as a “DeFi Cash Advance”. 

https://x.com/useteller/status/1826376075955634228?s=46

For sure thanks for the reply! It’s fairly simple, peer to peer lending. The lender sets custom terms (apy, duration, LTV, etc) and then anyone can borrow against that offer by escrowing their collateral into Tellers smart contracts. The only way a borrower can be liquidated is if they don’t repay their loan on time. Borrowers can repay at anytime or rollover their loan to extend the duration, but most of it is short term loans 1, 3, 7, 30 days. Here is quick primer:

For sure thanks for the reply! It’s fairly simple, peer to peer lending. The lender sets custom terms (apy, duration, LTV, etc) and then anyone can borrow against that offer by escrowing their collateral into Tellers smart contracts. The only way a borrower can be liquidated is if they don’t repay their loan on time. Borrowers can repay at anytime or rollover their loan to extend the duration, but most of it is short term loans 1, 3, 7, 30 days. Here is quick primer: 

https://x.com/useteller/status/1711796103652462871?s=46

Can you give me a TLDR on how it works pls?