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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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Kieran Daniels 🎩
@kdaniels.eth
Wanna try it out? Use your $CLANKER right now to borrow $USDC with the CLANKER Community ATM https://atm.teller.org/?wl=clanker Up to 30 days. No margin calls. Repay or extend at anytime. Teller does NOT use a price oracle, this means you cannot be liquidated for any reason. The only way a borrower can default on a loan is if they don't repay the loan on time, similar to a cash advance or line of credit.
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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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