Borrow against PIXL
Teller pools accept PIXL as collateral on Ethereum at up to 33.3% LTV, the widest ceiling in the Ethereum long tail, lending USDC at 45% 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 |
|---|---|---|---|
| PIXL | Ethereum | 33.3% | 45% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Both knobs at the top of their range
This row clears 33.3% of collateral value and charges 45% APR. Among Ethereum’s long tail that is the widest ceiling and one of the highest rates at the same time, which is an unusual pairing: most rows trade one against the other.
It suits a particular shape of loan. A wide ceiling means less collateral committed per dollar borrowed, so if the term is short and the amount matters more than the carry, this row asks for less of your position than a cheaper one would. Over a long hold the rate wins the argument instead.
Turn the ceiling upside down: roughly three dollars of PIXL behind each dollar of USDC, against five or six on the narrower Ethereum rows.
When a wide ceiling beats a cheap rate
Work an example. To borrow $1,000 here you commit about $3,000 of collateral. On a 16.7% row you would commit $6,000. The difference is $3,000 of your position staying in your wallet for the length of the term.
Now the cost. A 45% rate over 30 days is roughly 3.7% of the principal, about $37 on that $1,000. A 25% rate is about $21. So the wide ceiling costs you around $16 a month and saves you committing $3,000.
Which way that lands depends on what the freed collateral is worth to you, and it flips as the term lengthens: at six rolls the rate gap has cost roughly $96 and the collateral saving has not changed. Short and large favours this row. Long and small favours a cheaper one.
Half a billion, exactly
totalSupply on 0x427a03fb96d9a94a6727fbcfbba143444090dd64 answers 500,000,000, and both the name and symbol read PIXL. A round figure fixed at deployment, and one of the smaller supplies among the Ethereum rows here, which run to trillions at the far end.
The loan
Deposit PIXL, receive USDC, repay or roll on the due date. Interest is charged for the days you hold the loan rather than for a year, so a 30-day term costs about a twelfth of the annual figure, plus the 1% marketplace fee the Ethereum pools charge.
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. Mainnet gas applies across the approval and the borrow, which on a small loan at this rate is worth checking against the interest first.
The Ethereum memecoin page covers the rest of this tier.
Frequently asked questions
Around three dollars' worth at the ceiling above, against five or six on the narrower Ethereum rows. Divide one hundred by the ceiling for the exact ratio.
Ceiling and rate are set independently, and most rows trade one against the other. This one has both at the top of their range, which suits a short term where the amount matters more than the carry.
Exactly 500,000,000, which totalSupply on 0x427a03fb96d9a94a6727fbcfbba143444090dd64 confirms.
Check it against the interest first. Gas across the approval and the borrow can be a meaningful share of a small loan even at a high rate.
No. There is no liquidation threshold during the term. 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.