Teller Launches Perpetual Loans Without Liquidations, Redefining Digital Asset Lending

Teller, a decentralized lending protocol, has launched perpetual, no-liquidation loans that allow users to borrow digital assets without the threat of price-based liquidation. Borrowers can access liquidity against a wide range of digital assets and maintain their positions through market swings. Lenders can earn interest directly from borrower repayments with single-sided exposure and compounding yield. Teller supports over $50 million in active borrowing volume and plans to expand to new blockchains in 2025.

Teller, a decentralized lending protocol, has announced the launch of a groundbreaking new borrowing and lending primitive that enables perpetual loans without the threat of price-based liquidation. This innovation marks a significant shift in how digital asset owners can access credit and earn yield, mitigating the volatility risks that typically define traditional money markets.

The new feature, which removes price-based liquidation triggers, allows users to maintain their positions through market swings rather than being forced to sell at the worst possible time. Unlike standard lending markets that rely on real-time price feeds and automated liquidation thresholds, Teller enables users to borrow against digital assets without the fear of liquidation. Borrowers can access liquidity against a wide range of digital assets, including large caps like Bitcoin and Ethereum, as well as long-tail, community-driven tokens such as $SPX, $PEPE, and $DOGE, without having to sell their spot.

Loans can be rolled over indefinitely by paying only the interest due at the time. If the collateral’s value remains stable, no additional collateral is required; the position is automatically refinanced via a flash-loan mechanism. If the value has dropped, users can simply top up the collateral to restore the minimum ratio—no need to repay the principal. This structure allows users to borrow with confidence, even during extreme volatility or short-term dips.

On the lending side, Teller offers single-sided exposure with compounding yield. Lenders deposit assets like Bitcoin or stablecoins (e.g., $USDC, $WBTC, or $cbBTC) into isolated lending pools and earn interest directly from borrower repayments. There’s no impermanent loss, no multi-asset exposure, and no need to manage paired positions. Risk is isolated and transparent, tied only to the collateral asset within each pool.

Backed by notable investors including Franklin Templeton, Blockchain Capital, and Toyota Ventures, Teller is currently supporting over $50 million in active borrowing volume. Average lending APYs range between 10–30%, reflecting a growing demand for a more predictable credit infrastructure [1].

The protocol is rapidly scaling, fueled by retail interest in compounding yield and access to flexible, liquidation-free credit. While already deployed on Ethereum, Base, and Arbitrum, Teller plans to expand in 2025 to new blockchains including Katana, Hyperliquid, and Binance. This will further scale its reach across emerging on-chain ecosystems. Additionally, the protocol has announced an integration with Coinbase’s new social wallet, Base App, a WeChat-style on-chain interface. The integration unlocks access for over 70 million users, extending Teller’s no-liquidation lending model to a broader audience of digital asset holders.

To learn more about how Teller is reshaping credit markets, visit https://app.teller.org [1].

References:
[1] https://captainaltcoin.com/digital-asset-lender-teller-launches-perpetual-no%E2%80%91liquidation-loans/