Borrow against ONDO
Teller pools accept ONDO as collateral on Ethereum at up to 28.6% 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 |
|---|---|---|---|
| ONDO | Ethereum | 28.6% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A loan against the token behind the tokenized shares
Teller pools on Ethereum take ONDO at 28.6% LTV and 25% APR. There is a neat symmetry here: Ondo issues the tokenized Apple, Tesla and NVIDIA shares that Teller also accepts as collateral, so both the governance token and the assets it stands behind borrow from the same matrix.
At 28.6%, ten thousand ONDO supports a loan of roughly the figure shown above in USDC.
Which token the pool holds
The ERC-20 at 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 on Ethereum, 18 decimals. That is the governance token, distinct from the tokenized securities Ondo issues, which carry their own tickers and their own pools with very different ceilings.
See the tokenized stocks page for those, where equity collateral earns some of the highest LTVs on the platform.
Ten billion in issue, and where that lands you
totalSupply on the governance contract answers 10,000,000,000 ONDO. That is ten times ApeCoin’s fixed billion and it sets the scale of the unit: a meaningful loan here is measured in tens or hundreds of thousands of tokens rather than in single digits, which is worth knowing before you check whether a wallet balance covers the collateral a given loan needs.
Read the figure yourself off the contract or any explorer. Supply is one of the few claims about a token that resolves without trusting the page you read it on.
Holding through a build-out
Real-world asset tokenization is a multi-year thesis, and the holders who believe it tend to be the ones who least want to sell into a dip for liquidity. A loan lets the position stay on while the cash comes out of it, and in the US borrowing is generally not the taxable disposal a sale would be.
The mechanics
Deposit ONDO, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock when the loan opens, and the protocol holds the collateral until you close it. No liquidation threshold exists in between, so a move during the term leaves the obligation exactly where it started and nothing needs topping up.
Miss the due date and the collateral is forfeit, so the risk you manage is a calendar rather than a chart. Pools run a 30-day payment cycle and add a 1% marketplace fee to the quoted rate. Budget for mainnet gas across the approval and the borrow.
Frequently asked questions
Ten billion, which totalSupply on the governance contract confirms. That scale means a meaningful loan is measured in tens or hundreds of thousands of tokens rather than single digits.
No. ONDO is the governance token. The tokenized Apple, Tesla and NVIDIA shares Ondo issues carry their own tickers and their own Teller pools, at much higher collateral ceilings.
Yes. Deposit ONDO as collateral and receive USDC against it. The position stays on, and in the US borrowing is generally not the taxable disposal a sale would be.
Nothing happens to the loan. There is no liquidation threshold during the term, so a move in either direction leaves your obligation on the due date exactly where it started.
The quoted rate plus a 1% marketplace fee, and mainnet gas across the approval and the borrow. Pools run a 30-day payment cycle.
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.