Borrow against AAVE
Teller pools accept the AAVE token as collateral on Ethereum at up to 33.3% LTV, lending USDC at 15% APR. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| AAVE | Ethereum | 33.3% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Borrowing against the governance token, not through the protocol
Aave the money market and AAVE the token are different things, and this page is about the second. Teller pools take AAVE at 33.3% LTV and 15% APR across 2 pools, and lend USDC against it on a fixed term.
At 33.3%, a hundred AAVE supports a loan of about the figure shown above in USDC.
The difference that matters
A loan taken inside a liquidation-based money market carries a health factor you have to defend. Let it slip and the position closes at whatever the market offers in that moment, which is usually the worst moment.
A Teller loan against AAVE has no health factor and no liquidation threshold during its term. Rate, LTV and the roll window lock when it opens and the protocol holds the collateral until you repay or roll, so the only date that matters is the due date. That is a different instrument for a different job: predictable cost, a fixed horizon, and nothing to monitor in between.
Which AAVE the pool takes
The plain ERC-20 at 0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 on Ethereum, 18 decimals. Staked AAVE from the Safety Module is a separate token representing a position with its own cooldown, so it is not what the pool holds. Unstake first, or post a free balance.
Why the ceiling sits where it does
33.3% is tighter than the ceilings on wrapped bitcoin or ether. Pool operators set collateral ratios per asset, and a governance token moves further in a session than the majors do, so the buffer widens accordingly. Borrow inside the ceiling and the repayment stays comfortable, since what you owe is fixed in dollars while the collateral is not.
Comparing venues? Read Teller against Aave, and borrowing against LINK for the other bluechip pool on mainnet.
Frequently asked questions
No. This is a loan against the AAVE token from a Teller pool, on a fixed term with no health factor and no liquidation threshold. Borrowing inside the Aave money market is a separate product with a position you have to keep healthy.
No. Staked AAVE from the Safety Module is a separate token representing a position with its own cooldown. The pool holds the plain ERC-20 at the canonical Ethereum address, so unstake first or post a free balance.
Nothing happens to the loan. There is no health factor to defend and no liquidation threshold during the term, so your obligation on the due date stays exactly where it started.
Pool operators set collateral ratios per asset, and a governance token moves further in a session than the majors do, so the buffer widens accordingly.
USDC on Ethereum, delivered to the wallet that signed the borrow.
Open a loan
Connect a wallet, deposit your collateral, and borrow a stablecoin. No credit check, no application.
Go to the borrow tab →No collateral to pledge? Check whether you pre-qualify for a no-collateral personal loan. Soft check, no hard pull.