Masa Partners with Teller to Introduce MASA Token Lending Pools
Use MASA tokens as lending collateral on Teller to borrow ETH and USDC
Today, Masa is excited to announce we have partnered with Teller to introduce MASA token lending pools. Starting today, token holders can use their MASA to borrow ETH on the Ethereum blockchain, and USDC on the Base blockchain.
Teller enables time-based loans with MASA as collateral and no margin calls or liquidations. When a loan is accepted, the collateral is transferred to a new, isolated escrow vault. In the same transaction, the lending token is transferred from the lender to the borrower. Teller loans cannot be liquidated based on price fluctuations. As long as the loan is repaid, the collateral is safe. Consider it a DeFi cash advance on your token holdings.
On April 11th, MASA token was launched on Ethereum. On May 1st, Masa announced that the MASA token is now live on Base. Now, we’re enabling our first Base lending pool on Teller, giving users the ability to borrow USDC while utilizing the low-gas option of the Base blockchain.
The MASA Lending Pools
Ethereum Lending Pool
Go to the Ethereum lending pool to view loans taken on MASA
>>> Ethereum/MASA Lending Pool
Go to the Base lending pool to view loans taken on MASA
>>> USDC/MASA Lending Pool on Base
How it Works
- Head to app.teller.org
- Connect a wallet to the dashboard
- Select $MASA token as collateral
- Select from any of the loan options
- Deposit MASA and borrow 🙌
How Interest Works for Loans on Teller
Loan terms can be viewed after connecting a wallet. Live APYs for MASA loans range from 0% for short durations to 60% for longer durations. Loan terms, such as APY, are set by liquidity providers and can change at any time.
Interest accrues per block, so the amount paid by a borrower is the APR for only that duration that the loan was outstanding. For example, a 30 day loan at 60% APR is 5% interest on the loans.
Existing loans can be extended by paying down the difference and rolling into a new loan.
Become a Liquidity Provider
Any wallet or token holder can become a liquidity pool provider and offer various terms for loans. Teller is a completely peer-to-peer lending service, allowing anyone to become a borrower or lender. All token holders are welcome to become liquidity providers, to offer loans to the community at a rate they are comfortable with, and ensure they approve loans on their terms.
In Conclusion
Masa is very excited to offer this lending option to MASA token holders, giving them the ability to hold the Masa token, while still being able to generate liquidity. Teller makes open-lending available to web3 users across the globe, creating an open and fair market for borrowing and lending.
With the MASA token now live across 9+ centralized and decentralized exchanges, 4-different blockchains (Ethereum, BNB,Base and Masa Avalanche Subnet), and now lending available on Teller, we’re focused on creating a truly dynamic and liquid market for our Decentralized AI utility token.
