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Felirami 🎩🍖
@felirami.eth
Where is that?
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Kieran Daniels 🎩
@kdaniels.eth
Market is up right now on Teller.org 🫡 Make sure to switch to /base network
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Jorge Pablo Franetovic 🎩
@jpfraneto.eth
can you explain what i can do through this?
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Kieran Daniels 🎩
@kdaniels.eth
For sure! @teller does NOT provide liquidity -- its a decentralized protocol that allows LP to make P2P offers for borrowers to take. So the lender sets the LTV and APY and duration and the only way the borrower can be liquidated is if they do not repay their loan on time.
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Kieran Daniels 🎩
@kdaniels.eth
vs normal lending markets where if the price of a token drops you can be liquidated. Our two major use cases are people who are about to be liquidated on normal markets and need USDC to save their position = they can get a time based loan which doesn't rely on market oracles.
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