Lune
Lune
Lune
Lune
SCROLL
PERMISSIONLESS LENDING · ARC NETWORK
01

Lune lets you borrow USDC on Arc Network using your listed memecoins as collateral without selling them. Terms are fixed and short: repay or extend before the deadline, or the entire pledge is forfeited.

02

Lune is an open lending protocol on Arc Network that anyone can use. People can deposit USDC to earn the fees borrowers pay up front, or borrow against their holdings. A $LUNE token that shares those fees is planned · it has not launched, and no token earns protocol fees today.

03

The protocol is permissionless, which means anyone can participate, and anyone can even run a keeper to help process liquidations and earn rewards.

01 · BORROW

One screen,
one action

Pledge a bag, pick a term, sign once. The protocol prices your collateral on a Uniswap V3 TWAP, lends USDC against it at a fixed LTV, and hands you a single deadline · no health factor, no margin call, no price-triggered liquidation.

WORKED EXAMPLE · SNAPSHOT PRICES 17 SEP 2026 · LIVE QUOTES IN THE APP
CASHCAT → USDCCash Cat · $0.2617TWAP STEADY · ±0.42%
2PLEDGEBALANCE 2,120,000
1,060,000CASHCAT
PLEDGE VALUE$277,402AT ORACLE113.1791 USDCEFFECTIVE LTV30%MAX SAFEFULL BALANCE
3TERMSHORTER = MORE LTV, MORE FEE
ROLL COST3.0% EVERY 24 H · ~1,095% APR
YOU RECEIVE32.9351 USDCYOU REPAY33.9537 USDCORIGINATION FEE1.0186 USDC
Pledge 1,060,000 CASHCATFIXED FEE · NO ACCRUAL · NO MARGIN CALL
04 · DEADLINEFri, 04 Sep 2026 18:02:11 UTC · repay any block before this and the bag is released. Miss it and a keeper takes all 1,060,000 CASHCAT, the entire pledge.
001The collateral can fall 90% mid-loan and nothing happens. The only liquidation condition is that the clock ran out.
002Miss the deadline and you forfeit the entire pledge · not merely the portion covering the debt. This is harsher than a money market.
003Repay in full any block before the deadline to release the bag, or pay the fee again to reset the clock.
02 · THE DEADLINE

The deadline is
the only liquidation

The loan is already a floor you own outright: the debt is non-recourse, nothing can touch the bag before the deadline, and no price move can liquidate you. The clock is the only thing that can · and it forfeits the entire pledge, not just what covers the debt.

Before it runs out you have three moves: repay and take the bag back, roll the deadline forward for the tier fee, or walk away and keep the USDC.

ROLLextend() resets the clock for the tier fee again · on Express that is 3.0% of principal per 24 h, ~1,095% annualised. Rolling is convenient; it is not cheap.
WALKBelow the walk-away price the bag is worth less than the debt. Keeping the USDC is the rational move · walking away is a priced-in exit, not an accident.
AFTERPast the deadline, anyone can post the debt and take the entire pledge · not just what covers the loan. No price ever triggers this. Only the clock does.
CASHCAT POSITION · WORKED EXAMPLEEXPRESS · 24 H
POSTED2,120,000OWES67.9075 USDCDUEIN 24 H
ENTRY / NOW$0.2617·WALK-AWAY$0.0785−70.0%
Roll the loan
extend() resets the deadline for another 24 H at 2.0372 USDC each time (~1,095% annualised).
Exit pool depth1035.42 USDC · $2,537,814Oracle TWAP windows30 min / 5 min fast
WALK-AWAY $0.0785MISS THE DEADLINE · FORFEIT THE BAG
03 · MARKETS

Every token, scored

Search the whole chain. Pool depth, holder concentration, age and oracle divergence decide what can back a loan · and at what LTV. Four names clear the bar today.

MOST TRADED · 24H AS OF 03 SEP 2026INDEXED 03 SEP 2026 · 462 TOKENS
NVNVDANVIDIA • Arc TokenVOL$53.96M
SPSPCXSpace Exploration Technologies Corp. Class A Common Stock • Arc TokenVOL$24.25M
SPSPYSPDR S&P 500 ETF Trust • Arc TokenVOL$22.26M
QQQQQInvesco QQQ • Arc TokenVOL$10.16M
GMGMEGameStop • Arc TokenVOL$9.57M
GOGOOGLAlphabet Class A • Arc TokenVOL$8.19M
SHOWING 8 OF 88 PASS THE ORACLE · 454 REJECTED
PIPIPEDOGpipedog
LISTABLE · MAX LTV 25%

Largest single loan $245.1K · the lower of this market's pool-depth share and its exposure headroom, not a share of price.

CONTRACT 0x5Cb6F181081301b44905F3ae15419112ecaBd8A6SNAPSHOT · INDEXED 03 SEP 2026
PRICE$0.00225MARKET CAP$27.73MLIQUIDITY$8.72M24H VOLUME$3.20MHOLDERS5,272DAILY VOL34.3%AGE·POOLGraduated
BORROW AGAINST PIPEDOG →
CONTAINMENT

Listed by hand. Capped by code.

Listing a market is an owner action against published criteria · pool depth, oracle cardinality, TWAP health. What no owner can do is loosen the hard caps compiled into the contracts: LTV never above 35%, terms never past 72 hours, fees never above 5%. Every market carries its own exposure and depth caps bounding what it can draw from the shared USDC pool, so a bad listing is a bounded loss socialised across depositors · never an unbounded or hidden one. Anyone can run a keeper against any market and earn the liquidation reward.

04 · PARTICIPATE

Three ways to stand in it

Open to anyone with a wallet · supplying, borrowing and running a keeper need no signup and no permission. The one gated layer is the collateral list itself: markets are listed by the owner against published criteria, and the docs name every parameter.

SUPPLYFund the loan book

Deposit USDC and earn 70% of every origination and extension fee, paid up front by borrowers · the other 30% goes to the protocol treasury. Nothing accrues per block; the yield is fee flow, and idle liquidity is withdrawable at any time.

BORROWDraw against holdings

Pledge a bag, take USDC at a fixed LTV, and hold one deadline instead of a health factor. Repay in full before it and the pledge comes back.

$LUNE · PLANNEDA fee share, later

A token that shares protocol fees is on the roadmap. It has not launched · there is no $LUNE contract on any chain, and today every fee splits 30% to the treasury and 70% to USDC depositors. Anything trading under that ticker now is not ours.

There is a fourth way in: run a keeper. Watch the deadlines, call default the block after one lapses, and take the forfeited pledge for the debt you settle. Permissionless, and the bounty is whatever the bag is worth above the principal.

NO SIGN-UP · NO CUSTODY · NO PERMISSION

Keep the asset.
Spend the value

Launch app