Introduction

Teller protocol overview and user types.

Overview

The Teller Protocol operates as decentralized software, enabling unsecured DeFi digital asset lending and borrowing through an open order-book model.

Through the protocol, borrowers can bridge off-chain data onto on-chain loan requests. Those requesting assets propose a loan request, and those supplying assets commit those assets to loan requests of their choosing. Lenders who agree to loan terms requested by borrowers, based on the data provided or required, transact directly.

Information appended to a loan request is at the borrower's discretion. This may include details from a borrower’s financial stature, social status, identity, or other relevant data. The Teller Protocol is data agnostic and does not have an opinion on the user. The user can gather any type of data from third parties.

Users

Market Owners

Entrepreneurs, developers, and creators, who desire to launch a new lending market, can easily initiate their own lending book within the protocol to become a market owner. They can build out a simple frontend interface for their borrowers who can then connect the required data to support the market’s specific loans.

Lenders

Lenders within a market can fill any open asset request. This can be an individual, entity, protocol, DAO, or other asset suppliers. Likely, lenders will create their own criteria for committing assets, based on rules and filtered by asset request data. Lending can be automated by individuals, companies, protocols, DAOs, and other asset suppliers.

Borrowers

Borrowers who request assets through the Teller Protocol can be an individual, entity, or protocol. Consumers, creators, businesses, DAO’s, protocols, lending markets, and more can all submit loan requests to the market of their choosing directly through the Teller Protocol.