Borrowers

DeFi users who borrow assets from the Teller protocol

Teller provides DeFi power users the most optimized borrowing experience — instant, fixed-rate loans, supporting all collateral assets (ERC-20 & 721), with no price-based liquidation.

The core function to borrow assets is submitBid(), which enables a borrower to receive assets:

• Instantly: Through an instant loan request, by accepting an offer from a lender

• Passively: Through a loan request submission, with their own custom terms

Borrowers can make their first loan request by Submitting a Loan Request.