Borrow against SHIB
Teller pools accept SHIB as collateral on Ethereum 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 |
|---|---|---|---|
| SHIB | Ethereum | 20% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Liquidity without closing a long-held position
SHIB is held by more wallets than almost any other token, and a large share of those holders are years in rather than trading. Teller pools take it at 20% LTV and 25% APR, which turns a position that has been sitting still into spendable dollars without ending it.
The token is at 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce on Ethereum with 18 decimals. Balances here run to trillions of units, so read the amount field carefully when you deposit: the decimal place is doing a lot of work.
Shibarium and the wider set
SHIB anchors an ecosystem that extends to its own layer 2 and companion tokens, and holders who are in it for that tend to be the least willing to sell into weakness for cash. A loan keeps the balance, the ecosystem access and any future distribution tied to holding, and in the US it is generally not the taxable disposal a sale would be.
The pool takes the ERC-20 only. Staked or bridged balances are separate positions and have to be unwound before they can back a loan.
Where the ceiling comes from
20% is well under the bluechip tier, and the rate above it. Both reflect how far the asset can travel while a loan is open. Borrowing at half the ceiling costs the same rate and leaves a far more comfortable repayment, which is the trade worth making on an asset this volatile.
The loan
Deposit SHIB, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock at the start and the protocol holds the collateral until you close it. 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.
See also PEPE and the wider Ethereum set.
Frequently asked questions
Yes. A Teller pool on Ethereum lends USDC against SHIB at the ceiling shown above, on a fixed term with no liquidation threshold during it.
No. Those are separate positions. The pool takes the Ethereum ERC-20 at its canonical address, so unwind first or post a free balance.
No, but read the amount field carefully when depositing. Balances run to trillions of units, so the decimal place carries a lot of weight.
Pool operators price how far an asset can travel while a loan is open, and SHIB travels further than the majors. The ceiling comes down and the rate goes up together.
Nothing happens to the loan. There is no liquidation threshold during the term, so your obligation on the due date is unchanged.
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.