Borrow against SAND
Teller pools accept SAND as collateral on Ethereum at up to 25% 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 |
|---|---|---|---|
| SAND | Ethereum | 25% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The currency, not the land
The Sandbox runs on two things: SAND, a fungible token used for transactions inside the platform, and LAND, the NFTs people actually build on. Only the first is collateral here. A pool holds ERC-20 balances, so a LAND parcel cannot be deposited no matter what it is worth.
Teller pools take SAND at 25% LTV and 25% APR, lending USDC against 0x3845badade8e6dff049820680d1f14bd3903a5d0 on Ethereum.
Why a builder might want this
Anyone developing in the platform tends to hold SAND for upcoming purchases rather than as a trade, which makes it working capital with a market price attached. Selling it to cover an unrelated expense means buying it back before the next purchase, at whatever price exists then, and paying the spread twice.
A loan against part of the balance leaves the working capital intact and puts a fixed cost on the gap.
Staked SAND is a position
SAND committed to staking inside the platform is not a free balance and cannot back a loan. Unwind first, or post a balance you already hold liquid in a wallet you can sign with.
The loan
Deposit SAND, 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 out. 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, so size the loan to make that worth paying.
See the DeFi collateral page and BAT for other long-standing Ethereum tokens.
Frequently asked questions
No. LAND parcels are NFTs and a pool holds ERC-20 balances. Only SAND is collateral here, and depositing it does not touch your parcels.
No. Staked SAND is a position rather than a free balance. Unwind first, or post a balance you hold liquid in a wallet you can sign with.
Builders hold SAND for upcoming purchases, so selling means buying it back later at whatever price exists then and paying the spread twice. A loan leaves the working capital intact.
Nothing happens to the loan. There is no liquidation threshold during the term, so the obligation on the due date is unchanged.
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.