Borrow against ApeCoin
Teller pools accept ApeCoin as collateral on 4 networks at up to 33.3% LTV, lending USDC or USDT with the cheapest offer at 5.4% APR. On ApeChain, where APE is the gas token, the wrapped form WAPE takes its place. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| APE | Arbitrum | 28.6% | 5.4% |
| WAPE | ApeChain | 33.3% | 15% |
| APE | Ethereum | 28.6% | 25% |
| APE | HyperEVM | 28.6% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Arbitrum holds the deepest book
The Arbitrum pool quotes 5.4% APR, the cheapest place to borrow against ApeCoin and the deepest ApeCoin book Teller carries. The Ethereum pool takes the same collateral at the same 28.6% ceiling but quotes 25%, so the chain you borrow on changes the price of the loan far more than the terms do.
Bridging costs a transaction and a few minutes. On a loan of any size the rate gap covers that many times over, so check both rows above before you sign.
APE and WAPE are the same asset on different chains
ApeCoin is an ordinary ERC-20 on Ethereum, at 0x4d224452801aced8b2f0aebe155379bb5d594381. On ApeChain it is the gas token instead, which means it cannot be held as an ERC-20 there without a wrapper. WAPE at 0x48b62137edfa95a428d35c09e44256a739f6b557 is that wrapper, and Teller lists it as its own row at 33.3% LTV and 15% APR.
Arbitrum runs a bridged ApeCoin at a third address, 0x7f9fbf9bdd3f4105c478b996b648fe6e828a1e98, and HyperEVM a fourth. Same asset, four contracts, four separate pools. A pool accepts exactly one of them, so depositing the wrong one fails.
A billion, and no mint function to change it
ApeCoin’s total supply is exactly 1,000,000,000 tokens, set at deployment. Call totalSupply on the Ethereum contract and it answers that round figure, unchanged since launch. Nothing on the roadmap issues more, so distribution is the only variable, and the four contracts above are representations of the same fixed billion rather than separate supplies.
That matters for a borrower in a specific way: whatever you deposit is a fixed share of a fixed total for the term, so the only thing that can dilute the position while the loan runs is the market, not the issuer.
What the LTV means here
LTV is the share of your collateral’s value a pool will lend. At 33.3%, a thousand dollars of ApeCoin supports a loan of about $333. Bitcoin wrappers sit at 66.7% and mainnet ether higher again.
Each operator sets the figure per asset, against how the price moves and how quickly they could sell. Assets that move faster get a lower LTV, so the same depositing supports a smaller loan.
The loan
Deposit APE or WAPE, receive USDC or USDT, repay or roll on the due date. Which stablecoin depends on the row: the Ethereum, Arbitrum and ApeChain pools lend USDC, and the HyperEVM pool lends USDT. No margin call arrives in between, whatever ApeCoin does, because a fixed-term pool has no liquidation threshold to cross. That matters more on a volatile asset than on ether: the moves that would liquidate you elsewhere pass through here without touching the loan. Miss the due date and the collateral is forfeit.
For the general case, read borrowing against crypto without selling.
Frequently asked questions
USDC on Ethereum, Arbitrum and ApeChain. The HyperEVM pool lends USDT instead, so check the row you are depositing to before you sign.
Exactly one billion, fixed at deployment. Call totalSupply on the Ethereum contract to confirm the figure, and note that the bridged and wrapped versions are representations of that same total rather than extra supply.
They represent the same asset. ApeCoin is a normal ERC-20 on Ethereum and Arbitrum, but on ApeChain it is the gas token, so it needs a wrapper to be held as a token. WAPE is that wrapper, and Teller lists it as a separate pool row.
Arbitrum, by a wide margin on current terms. It also holds the deepest ApeCoin book on the platform. The Ethereum pool applies the same collateral ratio at a much higher rate.
No. Each pool accepts one specific contract address, and ApeCoin has a different one on each chain. Bridge to the chain whose pool you want before depositing collateral.
LTV is the share of your collateral's value the pool will lend, and each operator sets it per asset against how the price moves and how quickly they could sell. Faster-moving assets get a lower LTV, so the same depositing supports a smaller loan.
Nothing happens to the loan. Teller loans carry no liquidation threshold during the term, so the drawdowns that would close you out elsewhere pass through without touching what you owe.
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.