IMF

Screenshots

Problem Statement

Millions of degens worldwide have their liquidity locked in memes they love.They're forced to sell culture to put lambos in their driveway.IMF fixes this. The International Meme Fund (not to be confused with the InterMonetary Fund) lets you borrow a super-serious stablecoin against your beloved memes.Mint $CMDC (Central Meme Digital Currency) by depositing memecoins such as Pepe, Shiba Inu, Mog. Oh, can't forget HarryPotterObamaSonic10Inu!$CMDC is a non-pegged stable asset that loosely targets $6.90 through onchain monetary policy (dynamic lending/borrowing rate to target equilibrium). Why $6.90 and not the typical $1 stable price? Because inflation.So, you've deposited your favourite memecoin and you now have $CMDC. What comes next? Here are two things you can do with your $CMDC:Buy more memecoinsPair $CMDC with a memecoin, provide liquidity, and earn rewards in $IMF$IMF is the protocol's governance token. Stake $IMF to earn LP fees from $CMDC pairs and even earn liquidations. Any bad debt that can't be paid will be distributed to the $IMF staking rewards.TL;DR - mint non-pegged stables against your memecoins.Q: What could go wrong? A: Probably nothing.

Solution

This project takes adds a memetic twist to the DeFi protocols we know and love.Here are some of the protocols that have either been forked or served as inspiration for $CMDC and $IMF:Morpho Blue (minimal, isolated lending)Reflexer Finance (RAI soft-pegged stable)Sushi MasterChefV2 (incentives)Curve (governance token emission schedule)