Borrow against mfercoin
Teller pools accept mfercoin as collateral on Base at up to 20% 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 |
|---|---|---|---|
| MFER | Base | 20% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A billion minus 2,180
totalSupply on 0xe3086852a4b125803c815a158249ae468a3254ca answers 999,997,820 mfercoin. Not a round billion. Somewhere along the way about two thousand tokens went to an address nobody can spend from, and the contract has recorded it ever since.
The amount is trivial. The habit it should encourage is not. Before depositing anything as collateral, read the contract: name, symbol, decimals, supply. On a chain where anyone can deploy a token in a single message, four calls separate the asset you meant from one that merely shares its ticker.
From an NFT collection that gave away its rights
mfers began as an NFT collection released into the public domain by its artist, which meant anyone could build on the artwork without asking. Whole side projects grew out of that decision, and the token is one of them. It is a community asset in the literal sense: nobody holds the rights to the thing it references.
That history is why the holder base looks the way it does, spread across people who arrived through the art rather than through a chart. Those holders tend to want the position kept rather than rotated, so borrowing against it fits better than selling.
What the pool offers
A Base pool clears 20% of collateral value at 25% APR, lending USDC. Turn the ceiling upside down and it is about five dollars of mfercoin behind each dollar borrowed. Interest is charged for the days you hold the loan rather than for a year, so the 30-day cycle costs roughly a twelfth of the annual number.
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. Base gas is cents across the approval and the borrow.
The rest of the chain’s tokens are on the Base collateral page, and TOSHI is the closest neighbour by vintage.
Frequently asked questions
999,997,820, which totalSupply on 0xe3086852a4b125803c815a158249ae468a3254ca confirms. A little under two and a half thousand short of a round billion.
0xe3086852a4b125803c815a158249ae468a3254ca and no other. Read name, symbol, decimals and supply off the contract before you deposit, since tickers repeat across Base.
An NFT collection released into the public domain by its artist, which let anyone build on the artwork. The token grew out of that, which is why the holder base skews toward people who arrived through the art.
Divide one hundred by the ceiling shown above, which works out at roughly five dollars of mfercoin per dollar of USDC borrowed.
Nothing happens to the loan. There is no liquidation threshold, no health factor and no top-up request. Only the due date matters.
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.