Question 1

What is Teller (DEBIT)?

Accepted Answer

Teller (DEBIT) is the token associated with the Teller ecosystem. Teller is an Ethereum-based lending protocol designed to support borrowing markets where loan terms can be determined using credit information, banking data and collateral.

The protocol connects blockchain-based lending with external financial data that can be used to assess borrower risk and calculate loan conditions such as interest rates, maximum loan size and collateral requirements.

Teller's original architecture used Ethereum smart contracts called Autonomous Teller Markets to manage lending pools. Liquidity providers supplied assets to these markets, while borrowers could request loans under the conditions set by each market.

The Teller ecosystem also includes services for borrowing and other digital asset transactions.

Question 2

What is Teller (DEBIT) used for?

Accepted Answer

DEBIT is the token associated with the Teller ecosystem.

Teller supports borrowing and lending services, including liquidity provision, borrower risk assessment and collateral management. Borrowing conditions can vary depending on factors such as credit data, banking information, income and collateral.

Liquidity providers supply assets that can be used to fund loans, while borrowers may be required to provide collateral depending on the conditions of the loan.

Question 3

Who created Teller (DEBIT)?

Accepted Answer

Teller Protocol was developed by Teller Labs. Ryan Berkun, Co-Founder and CEO, and Ivan Perez, Co-Founder, were involved in the original design of the protocol and were named as the authors of Teller Protocol Version 1.0, published in 2020.

Teller Labs was established to develop the protocol and its lending infrastructure. The project was initially designed with governance managed by the team and protocol stakeholders, with plans to introduce a more decentralised governance structure over time.