# What is Teller?

> How to Get a DeFi Cash Advance Using Teller 🤝 

**Published by:** [Teller](https://paragraph.com/@teller/)
**Published on:** 2024-03-15
**Categories:** defi, tutorial, blockchain, cryptocurrency, web3, gamefi
**URL:** https://paragraph.com/@teller/what-is-teller

## Content

Welcome to Teller! Utilizing an oracle-less order book, Teller connects competing lenders with borrowers via isolated liquidity pairs using custom loan terms. Peer-to-peer lending has never been easier 🤝 What is a P2P (Peer-to-Peer) Loan? First, the lender sets the terms and duration of the loan and an offer is created. The borrower then accepts the offer, agreeing to pay back the loan within the stated time frame. If the borrower defaults, their collateral is liquidated. Why Time Based Repayments? Teller loans can only be liquidated when the borrower doesn’t repay their loan in the agreed upon time frame: 3, 7, or 30 days. This can be beneficial to borrowers that are capable of paying back a loan, but can’t watch the market 24/7. What if You Need More Time to Pay Back Your Loan? The duration of any Teller loan can be extended indefinitely, provided there is liquidity for the offer. This unique feature utilizes an instant flash loan from Aave to repay the initial loan and open a new loan. What Assets Are Supported on Teller? Teller supports any asset on the following networks: Ethereum Mainnet, Base, Arbitrum, Polygon, and Mantle. In 3 clicks, you can create a lending pair or borrow against any asset, unlocking liquidity on your own terms. How to Start Lending or Borrowing on Teller: Step 1: Go to https://teller.org Step 2: Connect Your Wallet Step 3. Lend or Borrow Using Any Ethereum Asset Need more help? Checkout the Getting Started Guide below:https://blog.teller.orgHow to Get Started with Teller [Guide]Welcome to Teller 👋 Teller is a decentralized lending protocol that offers a different approach to loan repayments and liquidations. How Does Borrowing and Lending Work on Teller?

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