Moon Mortgage

What happens if BTC drops.

The single most important question on a Bitcoin loan. With Moon Mortgage, liquidation is a managed process. If your loan-to-value rises toward the liquidation threshold below, Moon Mortgage works through margin calls before any collateral is sold.

At Moon Mortgage's 30% opening LTV, BTC would have to fall 63% before a position opened at that LTV reaches the 80% liquidation threshold.

Cure window: Agreement dependent.

What Moon Mortgage publishes: Property MORTGAGE financing up to ~100% of a property purchase, with crypto pledged at a conservative ~30% LTV (heavily over-collateralized on the crypto side). The financed asset is real estate, not a BTC credit line — the 30% (crypto LTV) and ~100% (property financing) are two different ratios. Mortgage-style margin/liquidation terms; verify against the actual mortgage and collateral agreement. https://www.prnewswire.com/news-releases/moon-mortgage-launches-mortgage-and-borrowing-products-to-materialize-digital-wealth-301788902.html

The terms, translated.

With Moon Mortgage, the “contract” is the loan agreement and the platform’s risk parameters. We've pulled the key terms from Moon Mortgage's own data and translated them into plain English.

How Moon Mortgage compares to its closest cousins.

The org, the founder, the governance.

Moon Mortgage is tracked as a specialized crypto-backed mortgage/real-estate lender, not as a standard BTC line of credit. Pledge uses conservative placeholder terms until current state availability, APR, LTV, and collateral custody details are verified.

The 8-factor breakdown.

Custodial. Scores 6/10 (moderate) on the custody axis. Non-custodial designs score highest because no third party can move collateral; custodial designs lose points proportional to operator discretion.

Policy: undisclosed. Scores 4/10 (weak). "Strict" / "no-rehypothecation" policies score highest because collateral cannot be lent out; "permitted" policies lose points for exposure to counterparty failure on the re-pledged BTC.

Scores 5/10 (moderate). Programmatic on-chain liquidation at a fixed LTV scores highest (predictable, no operator discretion); discretionary or off-chain liquidation processes lose points proportional to opacity and timing risk.

Regulatory status: registered. Scores 7/10 (solid). US/EU-regulated lenders with explicit licensing score highest; offshore or DAO-governed entities lose points because there's less recourse if something goes wrong.

No public reserves reporting. Scores 3/10 (weak). Without auditable reserves disclosure, depositors have no independent confirmation that the assets exist and are unencumbered.

Scores 5/10 (moderate). Lenders that publish operating reports, smart-contract code, and live rate/LTV parameters score highest; those that bury terms in PDFs or change rates without notification lose points.

4+ years operating since 2022. Scores 4/10 (weak). Older operations with surviving stress events (March 2020, Nov 2022, etc.) score highest; younger or untested operations lose points proportional to how many full cycles they've operated through.

Scores 5/10 (moderate). Loan agreements with explicit liquidation order, segregated-account language, and clear borrower recourse score highest; ambiguous default terms lose points.

Questions readers actually ask about Moon Mortgage.