Borrow against ApeChain assets
Teller pools accept 11 ApeChain assets as collateral, including WAPE, NGT, PNutz and wrapped ether, at up to 83.3% LTV lending USDC, ELON, pufETH or USDT. ApeChain has few other lending venues, so this is where its local assets function as collateral. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| WETH | Ethereum | 83.3% | 1% |
| WAPE | ApeChain | 33.3% | 15% |
| WETH | Base | 50% | 1% |
| WETH | Polygon | 50% | 1% |
| WETH | Arbitrum | 50% | 1% |
| NGT | ApeChain | 25% | 15% |
| PGLOD | ApeChain | 50% | 15% |
| PNutz | ApeChain | 25% | 15% |
| WETH | ApeChain | 66.7% | 15% |
| WONG | ApeChain | 25% | 15% |
| WETH | BNB Chain | 50% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A lending market on a chain that has one
ApeChain runs its own economy around ApeCoin, and until a lender shows up, holding anything there means holding it illiquid. Teller pools take 11 ApeChain assets as collateral and lend USDC, ELON, pufETH or USDT against them, at ceilings up to 83.3%.
The rates cluster tightly here compared with Base or Ethereum, because one operator set most of these pools rather than several competing on price. That makes the ceiling the number to compare between rows rather than the rate.
Ceilings, from a half down to a quarter
Four locals and a wrapper, and the ceiling is what separates them. PGOLD, listed as PGLOD, clears half its value. WAPE clears a third. NGT, PNutz and WONG each clear a quarter, so they ask for four dollars of collateral per dollar borrowed where PGOLD asks for two.
The rate barely moves across any of them, because one operator wrote most of these pools. On other chains the rate is worth shopping; here it is the ceiling that decides which of your holdings to deposit.
The three quarter-ceiling rows differ in float rather than terms. WONG runs to a fixed billion, NGT is capped at 21,000,000, and PNutz has just 220,000 in issue, the tightest supply of any collateral Teller lends against. Same ratio, very different numbers to type.
APE is the gas token here, so pools take WAPE
On Ethereum and Arbitrum, ApeCoin is an ordinary ERC-20. On ApeChain it is the gas token, which means a pool cannot hold it directly. WAPE at 0x48b62137edfa95a428d35c09e44256a739f6b557 is the wrapper, and it carries the deepest book on the chain.
Wrapped ether has a pool here too, at a notably higher ceiling than the ApeChain tokens around it, which reflects how pool operators grade a bridged major against a local asset. Its address on ApeChain differs from mainnet, as it does on every chain, so deposit the local contract to the local pool.
The local tokens
NGT, PNutz, WONG and PGLOD round out the list. Each has a single pool with its own ceiling, and each is an ApeChain-native asset rather than a bridged one, so this is the only lending venue where they function as collateral at all. Start from the row in the table rather than searching by ticker: each pool accepts exactly one contract address, and depositing a lookalike fails at the deposit.
Why the fixed term matters on a young chain
Thin local markets move fast, and a liquidation-based loan on a thin market can force a sale at a bad price. A Teller loan removes the bet: rate, LTV and the roll window lock when it opens, the protocol holds the collateral until you repay or roll, and no threshold exists in between. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral. The due date carries the obligation instead.
ApeCoin holders on other chains have their own page: borrowing against ApeCoin covers all four contracts.
Frequently asked questions
Yes, through WAPE. ApeCoin is the gas token on ApeChain, so a pool cannot hold it directly; the wrapped form takes its place and carries the deepest book on the chain.
WAPE, NGT, PNutz, WONG and wrapped ether, each with its own pool and its own ceiling. The table above lists the live terms for every one.
No. Every chain has its own wrapped ether contract, and each pool accepts exactly one address. Deposit the ApeChain contract to an ApeChain pool.
One operator set most of these pools rather than several competing on price, so the ceiling is usually the more useful number to compare between rows.
Nothing happens to the loan. Teller loans are fixed-term with no liquidation threshold, which matters most on a young chain where local markets move fast.
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.