Borrow against MOON
Teller pools accept MOON, the r/CryptoCurrency Moons token, as collateral on Arbitrum at up to 18.2% LTV, lending USDC at 25% APR. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| MOON | Arbitrum | 18.2% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A points token that outlived its programme
Moons were handed out to r/CryptoCurrency posters for contributions, a forum reward that happened to be an ERC-20. Reddit wound the programme down and the token kept trading anyway, which is the unusual part: the issuer stopped and the market did not.
What is left is a supply that no longer grows and holders who earned it rather than bought it. The pool above lends USDC against that supply on Arbitrum, at 0x24404dc041d74cd03cfe28855f555559390c931b.
Selling a stack you did not pay for is still a decision
Collateral acquired for free feels cheap to sell, which is exactly why it tends to get sold at the wrong moment. A loan keeps the stack and takes the dollars out of its value instead. The pool clears 18.2% of it at 25% APR.
The ceiling is on the narrow side of the platform’s range, so plan on roughly five to six dollars of Moons behind every dollar of USDC. Work out the loan you need first, then check whether the stack covers it, rather than the other way round.
Arbitrum, and a small pool
This row sits on Arbitrum rather than Ethereum or Base, so gas is cheap and the tokens have to be there rather than anywhere else. The pool carries a modest amount of USDC to lend, which suits a small loan and would not cover a large one. Read the available figure alongside the ceiling before you size anything.
Only two other assets on the platform reach Arbitrum at all, so this is a thin corner of the map rather than a busy one. That shows up as one operator’s view of the rate rather than a price several of them competed to set.
The loan
Deposit Moons, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock at the start. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral, which matters more on a thinly traded token than on a major because a forced sale in a thin market lands worst. Miss the due date and the collateral is forfeit.
DMT is the other Arbitrum row with a page of its own, and the single-pool page covers the rest.
Frequently asked questions
They trade, and a Teller pool on Arbitrum lends USDC against them at 0x24404dc041d74cd03cfe28855f555559390c931b. The issuance stopped; the token did not.
The ceiling here is on the narrow side, so plan on roughly five to six dollars of Moons for every dollar of USDC. Size the loan first and check the stack against it.
Arbitrum. The tokens have to be there, and gas across the approval and the borrow is cheap.
One operator runs this pool, so the rate is their view rather than a price several of them competed to set. Compare the ceiling and the term against what you need rather than shopping the rate.
Nothing happens to the loan. There is no liquidation threshold during the term, which counts for more on a thinly traded token because a forced sale in a thin market lands worst.
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.