Is there any protocol that accepts degen as collateral?

Degen

Time-based Loans are Now Available for $DEGEN 🎩 

https://blog.teller.org/time-based-loans-are-now-available-for-degen/

I'm the diamond in the dirt, that ain't been found
I'm the underground king and I ain't been crowned

Thanks a ton @daddysgotit.eth 🤝 

@klip you can get a loan using degen as collateral on Teller :) Its also much more friendly than normal margin call lending. Teller does not use orcales and you cannot be liquidated by market price fluctuations. 

You can think of it like a cash advance or a line of credit, you put up your degen as collateral and then as long as you repay your loan on time and the interest owed then you get 100% of your degen back, even if the price plummets. 

The loans are short term, fixed rate, up to 30 days. Also you can repay or extend at anytime, as long as there is liquidity for the offer. 

This hasnt been fully announced yet... but we are working with Jacek and we have created a degen community ATM. If you use the degen atm then .5% of the loan volume will go to the degen community deployer address :) 

Here is the ATM link:

daddy.⌐◨-◨  daddy.degen.eth 🌐🔗(#202) ΞTHΞRΞUM🎩🌈 🥦🦇🔊🌻 🦜🐶🖼 🦄 🍖🪶🛡️/dl3 Steelers 🏈

Here is how the interest works: https://blog.teller.org/understanding-fixed-apr-for-teller-time-based-loans/

Thanks a ton @daddysgotit.eth 🤝 

@klip you can get a loan using degen as collateral on Teller :) Its also much more friendly than normal margin call lending. Teller does not use orcales and you cannot be liquidated by market price fluctuations. 

You can think of it like a cash advance or a line of credit, you put up your degen as collateral and then as long as you repay your loan on time and the interest owed then you get 100% of your degen back, even if the price plummets. 

The loans are short term, fixed rate, up to 30 days. Also you can repay or extend at anytime, as long as there is liquidity for the offer. 

This hasnt been fully announced yet... but we are working with Jacek and we have created a degen community ATM. If you use the degen atm then .5% of the loan volume will go to the degen community deployer address :) 

Here is the ATM link: https://atm.teller.org/?wl=degen