Borrow against PEPE
Teller pools accept PEPE as collateral on 2 networks at up to 20% LTV, lending USDC from 25% APR. No major money market lists PEPE. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| PEPE | Ethereum | 20% | 45% |
| PEPE | Base | 18.2% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
420,689,899,645,536 tokens, to the unit
totalSupply on 0x6982508145454ce325ddbe47a25d4ec3d2311933 answers 420,689,899,645,536 PEPE. The leading digits are the joke, fixed at deployment and unchanged since.
Roughly 420 trillion units means the unit price is a string of zeroes, so a wallet balance in the billions is ordinary rather than notable. Work in dollars when you size a loan: multiply the balance by the price, apply the ceiling above, and compare that against what you need.
Two chains, two contracts, two sets of terms
PEPE has a pool on Ethereum at 20% LTV and 45% APR and another on Base at 18.2% LTV and 25% APR. They are different tokens at different addresses, and the terms differ enough that the chain you borrow on is a real decision rather than a detail.
Mainnet PEPE is 0x6982508145454ce325ddbe47a25d4ec3d2311933. The Base token is 0x52b492a33e447cdb854c7fc19f1e57e8bfa1777d. Deposit one to the other’s pool and the deposit fails.
Gas decides more than the rate does
On a small loan, mainnet gas across the approval and the borrow can cost more than a month of interest. Base costs cents for the same sequence. Work out the total cost of opening the position before assuming the lower headline rate wins, because on modest sizes it often does not.
A token with nothing underneath it, priced accordingly
PEPE has no protocol revenue, no governance and no staking. That is the design rather than an omission, and it means the price moves on attention alone. Pool operators respond with a low ceiling and a high rate: they are pricing the chance that forfeited collateral is worth much less by the time they sell it, which on an attention-driven asset is a live risk.
Borrow well inside the ceiling. The repayment is fixed in dollars while the collateral is not, and that gap is widest exactly here.
The move that closes you out elsewhere passes through
On a liquidation venue, a PEPE position depends on whether you can react faster than the drawdown. Teller removes the bet: rate, LTV and the roll window lock when the loan opens, and the protocol holds the collateral until you repay or roll. 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.
Frequently asked questions
Teller does, on both Ethereum and Base. Major money markets list around thirty assets and PEPE is not among them.
Compare the total cost. On a small loan, mainnet gas across the approval and the borrow can exceed a month of interest, while the same sequence on Base costs cents.
No. They are separate contracts, and each pool accepts exactly one address, so depositing one to the other's pool fails at the deposit.
PEPE has no revenue, governance or staking, so it moves on attention alone. Operators price the chance that forfeited collateral is worth much less by the time they can sell it.
Not during the term. Teller loans carry no liquidation threshold, so the drawdown that would close you out elsewhere leaves your obligation untouched. You forfeit only by missing the due date.
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.