New Collateral: $DEBIT
$DEBIT is now supported as collateral on Teller on BNB Chain. Holders can borrow stablecoins without selling DEBIT first, subject to available lending pools and offers. Loans have fixed terms and no margin calls during the loan term. Borrowing is also accessible through Debit AI.
DEBIT is joining Teller’s collateral catalogue on BNB Chain, adding borrowing to its role as AI usage credits.
The addition connects two parts of the ecosystem: the token used to run Debit AI agents and the lending protocol those agents can access.
The asset behind the addition
DEBIT on BNB Chain
Debit AI is an AI-powered financial agent with access to third-party credit products and onchain financial services.
Debit can be used through its own chat interface or through an AI assistant connected to its MCP server, including ChatGPT and Claude. Instructions written in plain language become tasks the agent can carry out across supported services.
Agents can research assets, analyze portfolios, bridge, borrow, lend, stake, and monitor positions. They can also run routines that carry out tasks when specified conditions are met.
Each agent operates within the permissions and limits set, including approved assets, venues, chains, position sizes, and daily spend caps.
The token that runs the agent
$DEBIT is the utility token of Debit AI. It works as AI usage credits.
DEBIT is spent to run the agent for tasks such as portfolio analysis, debt planning, cross-chain routing, monitoring, and onchain execution. Agents consume credits while running.
The token connects activity across the Debit ecosystem, from a single request in the Debit app to an ongoing routine in a connected AI assistant.
Collateral support adds another use for DEBIT on BNB Chain: borrowing stablecoins against the token.
What collateral support unlocks
DEBIT holders can borrow stablecoins through Teller without selling DEBIT first. The DEBIT collateral is locked for the loan and released back to the borrower after principal and interest are repaid.
Loan amounts, interest rates, and durations depend on the available lending pool or offer. Collateral support alone does not guarantee a loan; an available, funded pool or offer is required.
This brings the Debit AI utility token into Teller’s collateral catalogue and makes borrowing against DEBIT accessible through the same AI interface used for other supported assets.
Borrow through Debit AI
Borrowing against DEBIT can also be initiated in plain language.
A request can begin in the Debit app or an AI assistant connected to Debit’s MCP server. The agent executes the onchain action through Teller, within the permissions and limits set.
DEBIT serves two distinct roles: tokens spent as credits run the agent, while tokens used as collateral support the loan.
Fixed-term borrowing, with no margin calls
Teller loans are fixed-term, with no margin calls during the loan term. Price moves do not trigger liquidation during that term.
The repayment date is set by the agreed loan terms. Borrowers must repay principal and interest or complete an available rollover before that deadline. A rollover depends on available terms and is not automatic.
If a loan is not repaid or rolled over by its due date, the collateral can be sold through a 24-hour Dutch auction to repay the lender. There is no partial liquidation and no grace period.
How to borrow against DEBIT
- Open Teller’s borrowing page, connect a wallet, and select BNB Chain and DEBIT as collateral.
- Review an available loan offer, including the collateral amount, stablecoin amount, interest, and repayment date.
- Approve the required transactions to use the DEBIT collateral and receive the stablecoins.
- Repay principal and interest by the due date to recover the collateral, or complete an available rollover before the deadline.
The same process can begin through Debit AI with a request such as “Show available loans against DEBIT on BNB Chain.” The agent can help review the options and execute borrowing within the permissions and limits set.
Beyond onchain actions
Debit AI also helps explore traditional credit options, including personal, business, and auto lending.
This brings access to third-party credit products and onchain financial services into a single conversational interface. An agent can help build a borrower profile, check available lender matches, and guide the next steps.
Debit AI is built on Teller. The addition of DEBIT as collateral brings the project’s utility token into the lending infrastructure behind it.
Get started
Explore DEBIT borrowing through Teller or Debit AI.
Learn more about Debit AI and DEBIT tokenomics.
Frequently asked questions
DEBIT on BNB Chain.
An AI-powered financial agent with access to third-party credit products and onchain financial services through its own app and connected AI assistants.
DEBIT works as AI usage credits. It is spent to run agents for analysis, monitoring, debt planning, cross-chain routing, and onchain execution.
Yes. Holders can use DEBIT on BNB Chain as collateral to borrow stablecoins without selling it first, subject to available funded lending pools or offers. Repayment releases the collateral.
Yes. Borrowing can be initiated through Debit AI in its own app or an AI assistant connected to Debit’s MCP server, within the permissions and limits set.
Teller loans have no margin calls during the loan term. Price moves do not trigger liquidation during that term. The loan must still be repaid or rolled over before its due date.
Repaying the principal and interest releases the DEBIT collateral back to the borrower.
An available rollover must be completed before the due date. Rollovers depend on available terms and are not automatic.
If a loan is not repaid or rolled over by its due date, the collateral can be sold through a 24-hour Dutch auction to repay the lender. There is no partial liquidation and no grace period.
Loan amounts, interest rates, and durations depend on the available funded pool or offer for DEBIT. The repayment date is set by the agreed loan terms.
See if you pre-qualify — no hard credit pull
A quick soft check tells you whether you pre-qualify for a no-collateral loan. No collateral pledged, no hard inquiry, and your credit score is unaffected.
Check if you pre-qualify →