Participants of an NFT token sale will be able to use the lending protocol in its early release.
Teller Finance, a project building an undercollateralized lending protocol for decentralized finance, has announced the launch of its mainnet alpha stage. This will enable certain users to obtain credit without requiring to post collateral, which is the case for most other DeFi lending protocols.The Teller alpha will be accessible only to holders of a special nonfungible token, called the Fortune Teller NFT. The tokens will be sold on March 25, with half of the proceeds of the sale going to the protocol’s liquidity pools, and the remaining half will be used to fund development. Only $10 million in total value locked will be allowed during the early stage.The Fortune Teller NFTs will also represent artworks by “various well-known artists” commissioned by Teller. The full list will be revealed post-sale.Teller Finance combine
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