Borrow against CAKE
Teller pools on BNB Chain accept CAKE as collateral at up to 25% 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 |
|---|---|---|---|
| CAKE | BNB Chain | 25% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Liquidity for a position you want to keep
The BNB Chain pool quotes 25% LTV at 15% APR. CAKE holders reach for this when they want dollars without unwinding a position they built for the long run.
At 25%, ten thousand CAKE supports a loan of about the figure shown above in USDC. Gas across the approval and the borrow runs to cents on BNB Chain, so the cost of opening the loan stays small against the interest.
Borrowing beats unstaking
CAKE earns its keep when it is locked or staked, and unwinding that to raise cash costs you the position and the schedule you committed to. A loan against the token leaves the thesis intact: you keep the upside, and in the US borrowing is generally not the taxable disposal that selling is.
The token itself is the PancakeSwap governance asset, at 0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82 on BNB Chain with 18 decimals. Deposit the plain ERC-20; a locked or staked balance is a different position and has to be free before it can back a loan.
What CAKE does when it is not collateral
CAKE is the emissions token of PancakeSwap, and most of what a holder does with it involves committing it somewhere: locking for veCAKE to vote on gauge weights, or staking into syrup pools for yield. The supply also runs a regular burn, so the balance you hold is a claim on a shrinking float rather than a static one.
All of that argues for borrowing rather than selling. A lock has a schedule you chose deliberately, and breaking it to raise cash gives up both the position and the schedule. A loan against a free balance leaves every commitment where it stands.
Why the ceiling sits where it does
25% is tighter than the ceilings on wrapped bitcoin or ether, and that is the pool operator pricing how far a governance token can move in a session. Borrowing inside the ceiling keeps the repayment comfortable, since the amount you owe is fixed in dollars while the collateral is not.
The loan itself
Deposit CAKE, receive USDC, 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, so a move in either direction during the term leaves your obligation untouched. Rollovers run on BNB Chain, so the term can be extended at the rate on offer that day. Miss the due date and the collateral is forfeit, which makes this a calendar to manage rather than a chart to watch.
Holding the gas token as well? See borrowing against BNB.
Frequently asked questions
Yes. Deposit CAKE as collateral on Teller and receive USDC against it. You keep the token and any appreciation on it, and in the US borrowing is generally not the taxable disposal that a sale is.
No. A locked or staked balance is a separate position. The pool takes the plain ERC-20 at the canonical BNB Chain address, so the balance has to be free before it can back a loan.
Nothing happens to the loan. The term is fixed and the pool carries no liquidation threshold during it, so your obligation on the due date stays exactly where it started.
Cents in gas on BNB Chain across the approval and the borrow, plus the quoted rate and the 2% marketplace fee these BNB Chain pools charge.
Yes. Rollovers run on BNB Chain, so the loan can be rolled into a fresh term at the rate on offer that day rather than repaid outright.
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.