Borrow against TON
Teller pools accept bridged Toncoin as collateral on Ethereum at up to 28.6% LTV, lending USDC at 20% APR, a wider ceiling and cheaper rate than most long-tail collateral earns. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| TON | Ethereum | 28.6% | 20% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Most Toncoin sits somewhere a lending pool cannot reach
Toncoin’s home is The Open Network, a chain with its own virtual machine, its own address format and its own wallet conventions. Plenty of holders keep it inside a Telegram wallet and have never touched an EVM address. None of that can be deposited to a pool, because a pool on Ethereum can only hold an ERC-20.
The bridged representation on Ethereum sits at 0x582d872a1b094fc48f5de31d3b73f2d9be47def1, and it is what the row above refers to. Bringing Toncoin across is the real work here. Once it is on Ethereum the loan itself is ordinary.
The terms are better than the rest of the long tail
This row quotes 28.6% LTV at 20% APR, which is a wider ceiling and a cheaper rate than most non-blue-chip collateral gets. The Base long tail generally clears around a fifth of collateral value at roughly 25% APR. A pool operator sets those numbers against how a token trades and how deep its book is, and Toncoin is a large, widely held asset with venues everywhere.
So the same dollar of collateral goes further. On a wider ceiling you can post less to reach the amount you want, and on a cheaper rate the cost of holding the loan for a month is smaller.
Borrowing dollars without leaving the ecosystem
Selling Toncoin to raise dollars means a round trip out and, if you want back in, another one later at whatever the price has become. A loan skips both. You get USDC on Ethereum, the Toncoin stays with the pool for the term, and you get it back on repayment at the same quantity you deposited.
Rate, LTV and the roll window lock when the loan opens. 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.
Frequently asked questions
Not as it stands. That balance lives on The Open Network, which is not an EVM chain, and the pool holds the Ethereum ERC-20 at 0x582d872a1b094fc48f5de31d3b73f2d9be47def1. Bridge it across first.
Operators price against how an asset trades. Toncoin is large and widely traded, so the pool clears a bigger share of collateral value at a lower rate than a thin book would earn.
USDC on Ethereum. The Toncoin stays with the pool for the term and comes back in the same quantity when you repay.
The bridged token is a claim on the original, which adds a counterparty for the life of the loan alongside the pool. That applies to any bridged asset used as collateral here.
The loan is unchanged. There is no liquidation threshold to cross, so your obligation on the due date is what it was on day one.
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.