Borrow against FAI
Teller pools accept FAI as collateral on Base at up to 20% LTV, lending USDC at 25% APR. The full cost of a term is the interest pro-rated across 30 days, plus this pool's 1% marketplace fee, a 0.05% protocol fee and Base gas. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| FAI | Base | 20% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
What the loan costs, all in
The APR is the headline and it is not the whole bill. Four things make up what you pay, and all four are quoted before you sign.
First, interest for the term. At 25% APR across a 30-day cycle, that is roughly 2.05% of the principal. Second, the marketplace fee, which this pool sets at 1%. Third, the protocol fee, 0.05%. Fourth, gas, which on Base is cents across the approval and the borrow.
Add the first three and the cost of a month sits meaningfully above the interest alone. That is the number to compare against whatever the borrowed dollars are for, and it is the number the borrow form shows you rather than something you have to assemble yourself.
The supply is not a round number
totalSupply on 0xb33ff54b9f7242ef1593d2c9bcd8f9df46c77935 answers 8,189,700,000 FAI. Almost every token on this chain launches at a round billion or a round hundred billion, so an odd figure is a small signal that the issuance was shaped by something other than a default.
It changes nothing about the loan. It is a fact you can check in one call.
The terms
The pool clears 20% of collateral value, lending USDC on Base, which puts roughly five dollars of FAI behind each dollar borrowed. Rate, LTV and the roll window lock 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 Base list has the rest of the chain.
Frequently asked questions
A marketplace fee set by the pool operator, 1% on this one, a 0.05% protocol fee, and gas. Fees vary by pool, from 0.05% to 2%, and all of it is quoted in the borrow form before you sign.
No. Interest is charged for the days you hold the loan, so a 30-day cycle costs roughly a twelfth of the annual figure.
8,189,700,000, which totalSupply on 0xb33ff54b9f7242ef1593d2c9bcd8f9df46c77935 confirms. An unusually specific number on a chain where round billions are the norm.
Around five dollars' worth at the ceiling shown above. Divide one hundred by that figure for the exact ratio.
No. There is no liquidation threshold, so a price move leaves the obligation unchanged. 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.