Borrow against MOG
Teller pools accept MOG as collateral on Ethereum at up to 22.2% LTV, lending USDC at 45% APR, which bills across a 30-day cycle rather than all at once. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| MOG | Ethereum | 22.2% | 45% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The contract spells it “Mog”
0xaaee1a9723aadb7afa2810263653a34ba2c21c7a reports its name as “Mog Coin” and its symbol as Mog, in mixed case rather than the all-caps MOG that listings and this table use. Supply is about 390.6 trillion tokens.
Case is the sort of difference that breaks a lookup and not a deposit: the pool enforces the address, so a mismatched ticker costs you a search rather than a failed transaction. Start from the row and the spelling stops mattering.
What a 45% APR actually costs on a 30-day loan
The rate on this row is one of the highest Teller carries, and it reads worse than it bills. APR is an annual figure, while these pools run a 30-day payment cycle, so a rate near 45% works out around a twelfth of that over a single term, plus the 1% marketplace fee.
Work the arithmetic on the loan you want before the headline puts you off. On a short term against a volatile asset, the cost is usually smaller than the move the asset makes in the same window.
The row itself
MOG sits at 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a on Ethereum. Teller pools quote 22.2% LTV, which is the tier the platform reserves for assets that can travel furthest inside a term.
Mainnet gas is the other number
Because this pool is on Ethereum rather than Base, the approval and the borrow cost mainnet gas. On a small position that can exceed the interest for the term, which makes size the deciding factor here more than the rate does. Below a certain loan, the transaction costs dominate whatever the pool quotes.
The loan
Deposit MOG, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock when the loan opens and the protocol holds the collateral until you close it out. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral. Miss the due date and the collateral is forfeit.
The rest of the Ethereum set is on the Ethereum memecoin page.
Frequently asked questions
Not over one term. APR is annual and these pools run a 30-day cycle, so a single term costs around a twelfth of the headline figure plus the 1% marketplace fee.
Large enough that mainnet gas across the approval and the borrow is not the biggest number in the trade. Below a certain size the transaction costs dominate whatever the pool quotes.
It is the tier the platform reserves for assets that can travel furthest inside a term, since the operator holds the collateral through the whole of it.
Nothing happens to the loan. There is no liquidation threshold during the term, so the obligation on the due date is unchanged.
USDC on Ethereum, delivered to the wallet that signed the borrow.
Open a loan
Connect a wallet, deposit your collateral, and borrow a stablecoin. No credit check, no application.
Go to the borrow tab →No collateral to pledge? Check whether you pre-qualify for a no-collateral personal loan. Soft check, no hard pull.