# Borrow from a Pool

Using your ERC20 assets as collateral to borrow from a lending pool is easier than ever.  

1. First, browse all of the available [Lending Pools](https://app.teller.org/ethereum/lend?assetTab=token\&assetFilter=pools) on Teller app. Find a pool that matches your collateral asset and principal token that you want to borrow.   
   1. Each Lending Pool has unique properties to consider: 

      1.  **Principal Token** - The ERC20 asset that can be borrowed from the pool
      2. **Collateral Token** - The ERC20 asset that can be used as collateral to borrow 
      3. **Interest Rate** - The amount of interest that a borrower will need to pay for the loan over the term, typically in terms of one year (APY)
      4. **Loan Duration** - The maximum duration for a loan until it will need to be repaid in full.  Failure to repay by this duration results in forfeiture of collateral.
      5. **Liquidity** - The amount of total liquidity the pool currently has to draw from 

      <figure><img src="/files/uXwWMDuCwEE591Rih4OV" alt=""><figcaption><p>Pools page</p></figcaption></figure>
2. Once you have selected a pool that meets your needs, visit that pool page to **borrow**. Simply type in the amount of collateral you would like to put down and the frontend will show you how much you are able to borrow from the pool. Most pools are **over-collateralized** so your collateral value will be slightly higher than the amount you borrow.  &#x20;

   1. As soon as you **repay** the loan, you will get all of your collateral back and you can do this at **any time**, until the loan duration expires. &#x20;

   <figure><img src="/files/LHQvQ9WUBKMcnNYmV0tF" alt=""><figcaption><p>Borrow from pool page</p></figcaption></figure>
3. As soon as you approve and broadcast the transaction, the borrowed asset will be **sent directly** to your wallet from the pool. Your collateral will be **locked** into escrow in the Teller CollateralManager control and it will remain there until you fully repay the loan with interest or the loan duration expires and enters liquidation.  &#x20;
   1. Asset prices will never cause liquidation on Teller as it is a **time-based** lending platform.&#x20;

{% hint style="info" %}
When you view this loan on Teller Protocol later, you will notice that the 'lender' account is actually the lending pool smart contract address.  This makes sense because as far as the Teller Lending protocol is concerned, you conducted a standard Teller Protocol loan in which the lender is a smart wallet; the lending pool. &#x20;
{% endhint %}


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