Borrow against doginme
Teller pools accept doginme as collateral on Base at up to 20% LTV, lending USDC at 25.1% 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 |
|---|---|---|---|
| DOGINME | Base | 20% | 25.1% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Sixty-nine billion tokens, and why the count misleads
totalSupply on 0x6921b130d297cc43754afba22e5eac0fbf8db75b answers 69,000,000,000 doginme. A supply that size makes the unit price very small, which in turn makes wallet balances look impressive in a way that has nothing to do with what they are worth.
Collateral is priced in dollars, not in tokens. Multiply the balance by the price, apply the ceiling above, and that is the loan available to you. Holding a billion of something is a statement about its supply, not about your borrowing capacity, and the two get confused often enough on tokens in this range to be worth saying plainly.
One of Base’s originals
doginme arrived early in Base’s life, before the chain had a crowded long tail, and it is one of the handful of tokens people name when they describe what Base culture looked like at the start. Longevity of that kind is part of why an operator is willing to lend against it at all: the asset has traded through more than one cycle of attention.
Terms and arithmetic
The Base pool clears 20% at 25.1% APR, lending USDC. That works out at roughly five dollars of doginme behind each dollar borrowed. Interest is charged for the days you hold the loan, so the 30-day cycle costs about a twelfth of the annual figure rather than the whole of it.
Borrow inside the ceiling rather than at it. Not for liquidation safety, since a fixed-term loan has none to give or take, but because the repayment is fixed in dollars while the collateral floats, and leaving room makes the due date easier to meet from whatever the position is worth then.
The loan
Rate, LTV and the roll window lock when the loan opens, and the pool 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. Base gas is cents on the approval and the borrow.
See the Base collateral page for the rest, and mfercoin for another token from the same era.
Frequently asked questions
69,000,000,000, which totalSupply on 0x6921b130d297cc43754afba22e5eac0fbf8db75b confirms.
Multiply the balance by the price and apply the ceiling above. Collateral is measured in dollars, so a large token count on a small unit price does not by itself mean a large loan.
Teller does, through a Base pool lending USDC against the contract above. Major money markets list around thirty assets and do not include it.
Usually not. The repayment is fixed in dollars while the collateral floats, so leaving room makes the due date easier to meet. Liquidation is not the reason, since the term has no threshold to cross.
The loan does not change. There is no margin call and nothing to top up. Missing the due date is the only thing that 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.