Testing out a new feature: Borrow n' Burn ๐ฅ
Borrow against a token, and part of the loan fee goes toward buying back and burning the collateral token.
Borrowers get liquidity, while each loan helps reduce the tokenโs supply.
Live today on Robinhood Chain. The first token burned was robinhood:0x168661c52e5922288dfb2b3f323b6cf90eb21e18 by
@strategystock
How to Borrow:
Borrow collaterlized loans directly through the Teller app or through Debit AI. Teller loans have fixed terms and no margin calls during the loan term.
With Debit AI, borrowing can also be initiated in plain language through ChatGPT or Claude connected to Debitโs MCP server.
Spend teller:native to run the agent for tasks like borrowing no margin-call loans with Debit AI MCP. Price moves do not trigger liquidation during that term.
Part of the loan fee is used to buy the token from the market. The purchased tokens are then burned, permanently removing them from circulation.
Open-ended Lending:
Teller enables anyone to create a lending pool around a collateral token. That can include memecoins, utility tokens or tokenized stocks.
Lenders fund the pool and set the lending terms.
Holders can then borrow stablecoins against that token without selling it, subject to the poolโs available funding and collateral requirements.
This gives token communities a way to build borrowing markets around their assets.
Once a pool is funded, eligible holders can borrow through Teller or Debit AI.
For tokens with Borrow nโ Burn enabled, part of each loan fee also funds a buyback and burn of the collateral token.
Learn More:
Teller ๐ฒ:
pro.teller.org
Debit AI ๐ก:
debitai.xyz
Loans must be repaid or rolled over by the due date. Otherwise, all collateral can be sold. Borrow nโ Burn applies only to eligible loans and tokens. Digital assets carry risk. Not financial advice.