Borrow against EIGEN
Teller pools accept EIGEN as collateral on Ethereum at up to 28.6% LTV, lending USDC at 26.1% 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 |
|---|---|---|---|
| EIGEN | Ethereum | 28.6% | 26.1% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The token, not the restaked position
EigenLayer’s whole idea is that staked capital can be committed twice: once to Ethereum, again to services that borrow its security. Restaked positions and operator delegations are exactly that, commitments, and none of them is a balance a pool can hold.
What Teller takes is the EIGEN token itself, at 0xec53bf9167f50cdeb3ae105f56099aaab9061f83 on Ethereum. Pools quote 28.6% LTV at 26.1% APR, and lend USDC against a free balance.
Borrowing rather than committing again
If you already restake, you know the shape of the trade: more yield in exchange for more ways to be slashed. A loan is the opposite shape. It gives you dollars now against a token you keep, with no additional protocol able to penalise the position, and with a repayment fixed in advance.
That makes it a reasonable alternative when the alternative under consideration is committing the same tokens somewhere new to raise the same cash.
A rate at the top of the range
26.1% sits high for an asset with this ceiling. EIGEN is young as traded assets go, with a supply schedule still unfolding, and operators price the uncertainty rather than the project. Size the loan against the due date and the cost is knowable from the start.
The loan
Deposit EIGEN, receive USDC, repay or roll on the due date. 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.
Staking tokens have their own page: liquid staking collateral.
Frequently asked questions
No. Those are commitments rather than balances. The pool holds the EIGEN token itself, so post a free balance.
No. A loan does not commit the tokens to any service that could penalise them. It gives you dollars against a token you keep, with a repayment fixed in advance.
EIGEN is young as a traded asset with a supply schedule still unfolding, and operators price that uncertainty. The cost is knowable from the start because the rate locks when the loan opens.
Nothing happens to the loan. There is no liquidation threshold during the term, so the 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.