As revealed in a press release published on September 17, credit risk and lending protocol Teller Finance has provided a new set of details on its token launch, including info on Compound Finance integration and a launchpad feature.

• Along the $TLR token launch, Teller will participate on the DeFi Alliance’s Liquidity Launchpad Program and integrate with Compound Finance (COMP)
• Liquidity provision will earn the TLR token, while the Compound integration allows for rewards to be paid in COMP, if desired, and earn Compound’s c-token interest rate on unlent funds
• The platform will initially be governed by Teller Labs, which consists of founding team members, before handing control over to the community following sufficient adoption and distribution
• 29 million TLR will be distributed to the public over the next 12 months
• Teller is attempting to lower the barrier of entry into DeFi by calculating credit risk and providing borrower credit history