What is Teller?
Teller is a decentralized finance (DeFi) lending platform that enables users to borrow and lend against various digital assets, including Ethereum Name Service (ENS) domains, NFTs, and ERC-20 tokens. Teller's unique approach allows for time-based loans without the need for price oracles, reducing the risk of liquidation due to market volatility. This means borrowers are only at risk of liquidation if they fail to repay their loans on time.
Teller supports a wide range of collateral types, enabling users to leverage their digital assets for loans ranging from 1 to 30 days. The platform operates without margin calls, and borrowers can extend their loans based on the best available terms at the time of repayment. Teller's smart contracts are audited and insured, ensuring a secure lending environment.