Borrow against SUSHI
Teller pools accept SUSHI as collateral on Ethereum at up to 20% LTV, lending USDC at 1% APR, a rate normally reserved for wrapped ether and bitcoin. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| SUSHI | Ethereum | 20% | 1% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A governance token at a bluechip rate
SUSHI is priced unusually here. Most governance tokens on the platform sit in the twenties, while the mainnet SUSHI pool quotes 1% APR at 20% LTV, which is the tier wrapped ether and the cheapest bitcoin wrappers occupy. The ceiling stays conservative, so what you are getting is a cheap loan rather than a large one.
The token is at 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2 on Ethereum, and the pool accepts that address alone. SUSHI bridged to another network is a separate contract and will not deposit here.
SUSHI, not xSUSHI
Staking SUSHI returns xSUSHI, a separate token representing a claim on the staking pool that appreciates against SUSHI over time. It is not what these pools hold. Unstake to a plain SUSHI balance before depositing, or use one you already have free.
Liquidity provider positions are likewise their own assets, so an LP token from any of the exchange’s pools cannot back a loan here either.
SUSHI trades on many venues
SushiSwap deployed across more chains than almost any other exchange, and that breadth is part of why the token trades the way it does. For a borrower it means checking which chain your balance is actually on before planning around a row: the two SUSHI pools here are on different networks with different contracts, and neither accepts the other’s token.
The loan
Deposit SUSHI, 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 the DeFi set for the rest of the protocol tokens Teller takes.
Frequently asked questions
No. xSUSHI is a separate token representing a claim on the staking pool. Unstake to a plain SUSHI balance first, or post one you already hold free.
The operator priced this pool near the tier wrapped ether occupies while keeping the ceiling conservative, so it is a cheap loan rather than a large one.
No. Liquidity provider positions are their own assets and are not what these pools hold.
No. The pool takes the Ethereum contract at 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2 and rejects anything else at the deposit, so check which chain your balance is on first.
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.