International Meme Fund
Memes is $Money
DeFi protocol for depositing memecoins as collateral and borrowing $MONEY. Read the FAQ to learn more.
International Meme Fund FAQ
What is the International Meme Fund?
The International Meme Fund (IMF) is a DeFi protocol that lets users deposit their memecoins as collateral to borrow $MONEY.
What is $MONEY?
$MONEY is the IMF's native unstablecoin. Fully decentralized, permissionless and backed by the hardest assets: memes.Unlike stablecoins like $USDC and $DAI which are hard-pegged at $1, $MONEY is soft-pegged and targets the stable price of $6.90. This soft-peg is influenced through interest rate mechanics and a Collateralized Debt Position (CDP) pricing model.
What can I do with $MONEY?
Users can borrow up to 69% of the value of their collateral in $MONEY. $MONEY can be used to buy more memecoins or provide and stake $MONEY LP to earn $IMF.
What is $IMF?
$IMF is the revenue and utility token of the IMF. Stake $IMF to earn protocol revenue (trading fees) and participate in governance.
Which memecoins can I deposit to borrow $MONEY?
The IMF will initially support the following memecoins as collateral:- PEPE
- MOG
- BITCOIN