@kdaniels.eth

For sure thanks for the reply! It’s fairly simple, peer to peer lending. The lender sets custom terms (apy, duration, LTV, etc) and then anyone can borrow against that offer by escrowing their collateral into Tellers smart contracts. The only way a borrower can be liquidated is if they don’t repay their loan on time. Borrowers can repay at anytime or rollover their loan to extend the duration, but most of it is short term loans 1, 3, 7, 30 days. Here is quick primer: https://x.com/useteller/status/1711796103652462871?s=46

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