Borrow against ELON
Teller pools accept ELON, Dogelon, as collateral on Ethereum at up to 20% LTV, lending USDC at 25% APR. A separate pool lends ELON against wrapped ether, making it the only asset here on both sides of a loan. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| ELON | Ethereum | 20% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The only asset here on both sides of a loan
Every other token on this platform is collateral you deposit. Dogelon is also something you can borrow: one Ethereum pool takes wrapped ether as collateral and lends ELON against it, which makes it the one asset appearing as both the thing pledged and the thing paid out.
Those are opposite trades. Depositing ELON raises stablecoins against a position you keep. Borrowing ELON against WETH takes on exposure you did not have and owes it back in kind. Check which row you are looking at before you sign, because the ticker is the same on both.
A quadrillion tokens
totalSupply on 0x761d38e5ddf6ccf6cf7c55759d5210750b5d60f3 answers 1,000,000,000,000,000 ELON, and the contract names itself Dogelon. That is a thousand trillion units, larger than any other supply Teller lends against, more than double PEPE’s and roughly two and a half times MOG’s.
At that scale the unit price is a long string of zeroes and a wallet holding billions is holding very little. Size the loan in dollars: multiply the balance by the price, apply the ceiling above, and compare that against what you need.
Sent to the burn address is not the same as burned
balanceOf for 0x000000000000000000000000000000000000dead answers 1,416,046,914,933 ELON, about 0.14% of the total. Nobody holds the key to that address, so those tokens cannot move again.
They are still counted in totalSupply, which is why the figure reads as an exact quadrillion. Sending a token somewhere unspendable removes it from circulation without reducing supply, and only a contract with a burn function that decrements the total changes the number itself. Two tokens with the same headline supply can differ by trillions in what is actually in play.
Calling owner() on the contract reverts. There is no administrator role in the 2,546 bytes deployed here, so the supply cannot be added to while a pool holds your collateral.
The loan
Deposit ELON at 20% LTV and 25% APR, receive USDC, repay or roll on the due date. Rate, LTV and the roll window are set when the loan opens.
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 pool is on Ethereum, so budget mainnet gas across the approval and the borrow.
PEPE and the Ethereum memecoin page cover the rest of this tier.
Frequently asked questions
Yes. An Ethereum pool lends USDC against ELON at 0x761d38e5ddf6ccf6cf7c55759d5210750b5d60f3.
No, it is the opposite trade. That pool takes wrapped ether as collateral and pays out ELON, so you take on exposure and owe it back in kind. This page covers depositing ELON to raise stablecoins.
1,000,000,000,000,000, which totalSupply confirms. That is the largest supply Teller lends against, more than double PEPE's.
Multiply the balance by the price and apply the ceiling above. At a quadrillion units the price per token is very small, so a large token count is not by itself a large position.
Nothing happens to the loan. There is no liquidation threshold during the term. Only a missed due date 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.