Borrow against AERO
Teller pools on Base accept AERO as collateral at up to 25% LTV, lending USDC at 25% 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 |
|---|---|---|---|
| AERO | Base | 25% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Cheap to open, on the chain AERO lives on
The Base pool takes AERO at 25% LTV and 25% APR. Gas across the approval and the borrow costs cents on Base, so a modest loan is worth opening in a way the same position on mainnet would not be.
At 25%, ten thousand AERO supports a loan of about the figure shown above in USDC.
Liquid AERO, not a locked position
AERO is the emissions and governance token of Aerodrome, the largest decentralised exchange on Base, and much of the supply is vote-escrowed rather than liquid. A vote-escrowed position is a different asset with its own lock, so it cannot back a loan here. The pool takes the plain ERC-20 at 0x940181a94a35a4569e4529a3cdfb74e38fd98631, 18 decimals.
That distinction is the useful part of this page: if you are weighing whether to lock more AERO or keep some liquid, a loan against the liquid balance is the option that leaves both the holding and the flexibility in place.
Emissions run on a weekly clock
Aerodrome distributes emissions in weekly epochs, with vote-escrowed holders directing where they land and collecting the incentives that come with the vote. That rhythm gives AERO a weekly cadence most tokens do not have: liquidity, votes and rewards all reset on the same schedule.
A loan sitting across an epoch boundary is unaffected by any of it. The rate and the ceiling were fixed when the loan opened, so an emissions week that moves the price does not move what you owe, and the vote you did or did not cast changes nothing about the repayment.
Why the ceiling is where it is
25% is tighter than the ceilings on wrapped bitcoin or ether. Pool operators price how far an emissions token can travel in a session, and AERO travels further than the majors. Borrowing inside the ceiling keeps the repayment comfortable, since the amount owed is fixed in dollars while the collateral is not.
The loan
Deposit AERO, receive USDC on Base, repay or roll on the due date. Rate, LTV and the roll window lock when the loan opens and the protocol holds the collateral until you close it out. No liquidation threshold exists during the term, so an emissions week that moves the price hard leaves your obligation untouched. Miss the due date and the collateral is forfeit.
Base carries plenty of other collateral. See cbBTC for the cheapest bitcoin rate on the platform, or the Base memecoin page for the long tail.
Frequently asked questions
No. A vote-escrowed position is a different asset with its own lock. The pool takes the plain ERC-20 at the canonical Base address, so the balance has to be liquid.
USDC on Base, from the pool listed above, delivered to the wallet that signed the borrow.
Nothing happens to the loan. There is no liquidation threshold during the term, so even a hard move around emissions leaves your obligation on the due date unchanged.
Cents in gas on Base across the approval and the borrow, plus the quoted rate and a 1% marketplace fee on top of it.
Pool operators set collateral ratios per asset. An emissions token travels further in a session than the majors do, so the buffer widens accordingly.
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.