Borrow against LINK
Teller pools accept LINK as collateral on Ethereum at up to 33.3% LTV, lending USDC at 25% 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 |
|---|---|---|---|
| LINK | Ethereum | 33.3% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
What a LINK-backed loan looks like
Teller pools on Ethereum take LINK at 33.3% LTV and 25% APR across 2 pools. At that ceiling, a thousand LINK supports a loan of about the figure shown above in USDC.
Built for holders who are not trading
LINK tends to be held rather than traded: it is the payment asset of an oracle network, and the people with size in it are usually there for the network rather than the chart. Selling to raise dollars ends that position and, in the US, realises any gain along with it. A loan does neither.
The token sits at 0x514910771af9ca656af840dff83e8264ecf986ca on Ethereum with 18 decimals. LINK bridged to other chains is a different contract, and each pool accepts exactly one address, so deposit the mainnet token to a mainnet pool.
Two pools, one price
More than one operator quotes LINK, and the table above shows the cheapest offer among the pools that have principal to lend. That is the rate you can take rather than the lowest rate on display, which are not always the same thing when a pool has been drawn down.
The term is what makes it work
Rate, LTV and the roll window all lock when the loan opens, and the protocol holds your LINK until you repay or roll. No liquidation threshold exists in between, so a drawdown on day 12 of a 30-day loan leaves your obligation exactly where it started. There is no health factor to defend and nothing to top up.
The due date carries the whole obligation. Repay it, or roll into a fresh term at the rate on offer that day. Miss it and the collateral is forfeit, which is the trade you accept in exchange for never being closed out by a price move.
Other mainnet bluechips have their own pools: AAVE and WETH both sit on the same chain.
Frequently asked questions
Yes. Deposit LINK as collateral on Teller and receive USDC against it. You keep the token and any appreciation on it, and in the US borrowing is generally not the taxable disposal that a sale is.
Not to a mainnet pool. LINK on other chains is a different contract, and each pool accepts exactly one address, so match the token to the pool's network.
Nothing happens to the loan. Teller loans carry no liquidation threshold during the term, so there is no health factor to defend and nothing to top up.
The table shows the cheapest offer among the pools that actually have principal to lend, which is the rate you can take rather than the lowest rate on display.
Roll the loan into a fresh term at the rate on offer that day, or forfeit the collateral. Those are the two outcomes, and the due date is fixed when the loan opens.
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.