Borrow against DEGEN
Teller pools on Base accept DEGEN as collateral at up to 20% LTV, lending USDC at 25% APR. No major money market lists DEGEN. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| DEGEN | Base | 20% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Tipped into existence, and now collateral
Most DEGEN reached its holders through Farcaster tipping rather than through a purchase: an allowance that refreshes, spent on other people’s deposits. That produces balances with no cost basis and no exit plan, which is a strange thing to sell and a sensible thing to borrow against.
Teller pools take it at 20% LTV and 25% APR, lending USDC on Base against the token at 0x4ed4e862860bed51a9570b96d89af5e1b0efefed.
Which DEGEN the pool holds
The Base ERC-20 above, and nothing else. DEGEN bridged to its own L3 is a separate balance on a separate network with no pool here, so bring it back to Base before depositing. Tipping allowances are not tokens at all until they are claimed, so they cannot be deposited either.
No major lender will touch it
Aave, Compound and Morpho list around thirty assets between the blue chips and the stables, and DEGEN is on none of those lists. That is the practical reason this page exists: for a holder who wants dollars without selling, a Teller pool is the venue rather than one option among several.
What the fixed term is worth here
A social token moves on whether people are still depositing, which is not a variable you can hedge or watch on a chart. On a liquidation venue that unpredictability is what closes positions out. Rate, LTV and the roll window lock when a Teller loan opens and the protocol holds the collateral until you repay or roll. 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.
The rest of the Base set is on the memecoin page.
Frequently asked questions
Teller does, through a Base pool that lends USDC against it. Aave, Compound and Morpho list around thirty assets between them and DEGEN is on none of those lists.
No. That is a separate balance on a separate network with no pool here. Bridge back to Base before depositing.
No. An allowance is not a token until it is claimed, so there is nothing for a pool to hold.
A social token moves on whether people are still depositing, which no operator can hedge. They price the chance that forfeited collateral is worth much less by the time they can sell it.
Not during the term. Teller loans carry no liquidation threshold, so the move that would close you out elsewhere passes through untouched. You forfeit only by missing the due date.
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.