Borrow against wQUIL
Teller pools accept wQUIL, wrapped Quilibrium QUIL, as collateral on Ethereum at up to 25% LTV, lending USDC at 45% APR over a 30-day cycle. The token uses eight decimals rather than the usual eighteen. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| WQUIL | Ethereum | 25% | 45% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
wQUIL uses eight decimals
Wrapped QUIL at 0x8143182a775c54578c8b7b3ef77982498866945d uses eight decimals. Almost every ERC-20 you will have handled uses eighteen, and tooling that assumes the default reads a wQUIL balance ten orders of magnitude away from the truth.
The interface handles the conversion, so a normal deposit is fine. The place it bites is anywhere you supply a raw integer yourself: a hand-built approval, a script sizing a transfer, a contract call assembled outside a wallet. Read decimals off the token rather than assuming, and let the interface size the approval whenever it can.
The wrapper, and what it stands for
QUIL is the native unit of Quilibrium, a network that runs on its own protocol rather than as an EVM chain, which means a pool on Ethereum cannot hold it. wQUIL is the ERC-20 representation, and it is what the row above refers to. A balance held on Quilibrium itself has to be wrapped and bridged before any of this applies.
The wrapper adds a counterparty for the length of the term, alongside the pool. That applies to any non-EVM asset used as collateral here.
Node operators have bills in dollars
The people most likely to hold a meaningful wQUIL position are the ones running hardware for the network, and hardware costs arrive monthly in a currency the network does not pay in. Selling the unit you are accumulating to keep accumulating it is a loop worth breaking.
The pool takes wQUIL at 25% LTV and 45% APR, lending USDC on Ethereum over a 30-day cycle that lines up neatly with a monthly cost base. Rate, LTV and the roll window lock when the loan opens, so the cost of the month is known before you commit to 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. Mainnet gas applies across the approval and the borrow.
See DMT for the other deep Ethereum single-pool row, and wTAO for the same problem in a different network’s hardware.
Frequently asked questions
Eight, where almost every ERC-20 uses eighteen. The interface converts for you, but any raw integer you supply by hand, in a script or a manual approval, has to account for it.
Not directly. Quilibrium runs its own protocol rather than an EVM chain, so a pool on Ethereum cannot hold the native unit. Wrap and bridge to wQUIL at 0x8143182a775c54578c8b7b3ef77982498866945d first.
Selling the unit you are accumulating to keep accumulating it works against itself. A loan takes the month's costs out of the holding's value and returns the tokens on repayment.
A counterparty for the length of the term, alongside the pool. That applies to any non-EVM asset used as collateral here.
The loan is unchanged. There is no liquidation threshold during the term, so the obligation on the due date is what you agreed at the start.
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.