# @BanklessHQ: International Meme Fund banks the unbankable with Base lending

Source: https://x.com/BanklessHQ/status/1947662862199013847
Kiwi News: https://news.kiwistand.com/stories/BanklessHQ-International-Meme-Fund-banks-the-unbankable-with-Base-lending?index=0x687fa0b3f2859b7d355cf2ccf5732841419a0d9fed804d886d004265f95262bf1380d1ad
Submitted by pedrovilela.eth on 2025-07-22 UTC, 3 upvotes, 0 comments

## Summary

International Meme Fund (IMF), a lending protocol on Base, aims to "bank the unbankable" by opening credit markets to memecoins such as $MOG, $PEPE and $IMF. Users can post these tokens as collateral and borrow Sky Protocol's $USDS, with borrowing up to 50% LTV and liquidations at 77% LLTV. The protocol is built on Morpho's Multi-Market Factory, with each token in an isolated Morpho Market so that a drop in one token does not affect other lenders. The author concludes that IMF won't tame memecoin volatility but gives believers a new toolbox.

## Article

BTC, ETH, and SOL dominate headlines—but the real action is in the long-tail.

That’s where degens live. That’s where memes churn. And right now, meme ecosystems like Base are heating up again, with ~$69B in meme assets tracked by CoinGecko.

Enter the International Meme Fund.👇

~~ Analysis by @wmpeaster ~~

Most larger DeFi protocols optimize for short-tail: proven, liquid, constant demand. That leaves memecoin holders with few borrow/lend paths.

@intlmemefund, gaining traction on Base, aims to "bank the unbankable" via a bespoke lending protocol opening credit markets to overlooked memes.

I found it via @gamiwtf, the main steward, a @nounsdao and @gnars_dao luminary. I track what Nouners ship; IMF flagged my radar.

The idea: post $MOG, $PEPE, $IMF (more coming) as collateral and borrow. Keystone stablecoin: Sky Protocol’s $USDS.

Stack: built on @MorphoLabs's Multi-Market Factory. Each token sits in an isolated Morpho Market, so if $PEPE nukes 50% overnight it can’t drag $MOG lenders with it.

Borrow up to 50% LTV in $USDS; liquidations at 77% LLTV. Not bad for volatile stuff.

One‑click goodies:

➢ Accelerate — loops collateral, 150% long at ~33% start LTV.

➢ Amplify — routes single‑sided deposits into optimized Uniswap v3 LP with USDS for yield.

➢ Allocate — lets $IMF holders vote where USDS incentives flow next.

Credit like this closes a structural gap for meme projects. Borrowing against conviction aligns incentives; lenders farm real yield; underlying tokens deepen liquidity.

What’s interesting is the vector forward. If isolated Morpho vaults + overcollateralized USDS can keep a $PEPE market solvent, the template can extend to Zora Coins, niche NFTs, even exotic RWAs. IMF could be a proving ground for next‑gen permissionless credit engines.

Bottom line: IMF won’t tame memecoin volatility, but it gives believers a new toolbox. If the meme economy is to mature, making conviction bankable collateral is a logical next step.