Borrow against BAT
Teller pools accept BAT as collateral on Ethereum at up to 33.3% LTV, lending USDC at 20% 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 |
|---|---|---|---|
| BAT | Ethereum | 33.3% | 20% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
An older token, and the ceiling shows it
BAT has traded since 2017, which is long enough to have been through several full cycles with continuous liquidity. Pool operators grade collateral partly on that history, and it earns 33.3% LTV at 20% APR, a more generous ceiling and a lower rate than most of what sits near it on the list.
The token is at 0x0d8775f648430679a709e98d2b0cb6250d2887ef on Ethereum, one of the older ERC-20 contracts still in active use.
Earned by browsing, held without a plan
Much of the circulating supply reached people through the Brave browser rather than an exchange, accumulating a little at a time for viewing ads. Balances built that way tend to sit: there is no entry price, no thesis and no obvious moment to act.
A loan is a way to use one without deciding to be finished with it. You keep the tokens, and in the US borrowing is generally not the taxable disposal a sale would be, which matters when the basis is effectively zero.
Custodial balances are not postable
BAT held inside a browser wallet you do not control the keys to, or with a custodian, is not something a pool can take. It has to be an ERC-20 balance in a wallet you can sign with, on Ethereum.
The loan
Deposit BAT, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock at the start. 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, so size the loan accordingly.
See the wider Ethereum set for the rest.
Frequently asked questions
Only if you control the keys. The pool takes an ERC-20 balance in a wallet you can sign with, on Ethereum.
It has traded since 2017 with continuous liquidity through several full cycles, and operators grade collateral partly on that history.
Balances built a little at a time have no entry price and no obvious moment to act. A loan uses one without deciding to be finished with it, and borrowing is generally not the taxable disposal a sale would be in the US.
Nothing happens to the loan. There is no liquidation threshold during the term, so your obligation on the due date is unchanged.
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.