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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
First $CLANKER time based loan just went through πŸ‘€ @proxystudio.eth @dish
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Kieran Daniels 🎩 pfp
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 pfp
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 pfp
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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LapinCiel4
@lapin-ciel-4
πŸ™πŸ™πŸ™
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