Borrow against BARD
Teller pools accept BARD, whose contract names itself Lombard, as collateral on Ethereum at up to 22.2% 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 |
|---|---|---|---|
| BARD | Ethereum | 22.2% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The contract reads Lombard
BARD sits at 0xf0db65d17e30a966c2ae6a21f6bba71cea6e9754 on Ethereum, names itself Lombard, and reports a fixed supply of 1,000,000,000. The ticker and the name do not match, which is worth knowing before you go looking: a search for BARD and a search for Lombard turn up different things.
As with any protocol token, what the pool holds is the token and not the protocol. It prices how the token trades. Whatever the protocol does, and whatever a token entitles a holder to, are questions to answer elsewhere before committing collateral for a term.
Three ways a token’s identity can disagree with its listing
BARD is one of three shapes this platform has turned up, and knowing which you are looking at tells you where to check.
First, a name that differs from the ticker, as here: the symbol is BARD and the name is Lombard, both correct, both on the same contract. Second, a listing spelling that differs from the contract’s own symbol, as with PGOLD, listed as PGLOD with two letters transposed. Third, a ticker that belongs to something else entirely, as with the token trading as BITCOIN, whose contract reads HarryPotterObamaSonic10Inu.
Only the first is benign. The other two mislead a reader who works from the symbol, which is why every row here is keyed on the contract address and the symbol is treated as a fallback.
Priced with the governance tier, not the memecoins
The pool clears 22.2% of collateral value at 25% APR, which places it alongside Ethereum’s protocol tokens rather than its long tail. Operators grade a token with a protocol behind it differently from one without, and the terms show it.
That still leaves it well short of what AAVE or UNI earn, which have traded across cycles. Age and trading history are part of what an operator is pricing.
The loan
Deposit BARD, receive USDC, repay or roll on the due date. Rate, LTV and the roll window are set when the loan opens, and interest is charged for the days you hold it, so a 30-day term costs about a twelfth of the annual figure plus the 1% marketplace fee the Ethereum pools charge.
Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral. Miss the due date and the collateral is forfeit. Mainnet gas applies across the approval and the borrow.
The DeFi collateral page compares the rest of the protocol tokens Teller accepts.
Frequently asked questions
The token's name field reads Lombard while its symbol is BARD. Searching either turns up different results, so work from the address at 0xf0db65d17e30a966c2ae6a21f6bba71cea6e9754.
No. It holds the token and prices how the token trades. What the protocol does and what a token entitles a holder to are questions to answer elsewhere before pledging collateral for a term.
Operators grade a token with a protocol behind it above one without, and grade tokens that have traded across cycles above newer ones. This sits between the two.
A fixed 1,000,000,000, which totalSupply confirms.
Nothing happens to the loan. There is no liquidation threshold during the term. Only a missed due date forfeits the collateral.
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.