Loan docs are live. The meme that runs a protocol. Now, for the first time ever, you can lend and borrow your favorite memes. A new chapter for meme culture. A walkthrough below ↓ 🧵

2/6 - Introduction Deposit a listed meme as collateral. Borrow stables against it. Repay your debt, interest and fees to unlock it.

3/6 - Health factor How healthy is a borrowing position? Explore how collateral value, debt and liquidation thresholds work together, and what can move a position closer to liquidation.

4/6 - Interest rates Borrowing has a cost. That cost can change. A walkthrough of the proposed rate model and the relationship between borrowing demand, available liquidity and interest.

5/6 - Fees The docs break down the proposed fees, market reserves and how protocol revenue would support future $LOAN buybacks.

6/6 - Liquidations What happens when a position becomes unhealthy? Explore the proposed liquidation process, the role of liquidators and the risks for borrowers and lenders.

THE END. Read the full docs: No official $LOAN token or protocol is live yet. Any token claiming to be ours is fake. Stay tuned to our official channel (X) for launch updates.

loan is loading! :3

This right here is pure gold.

I actually love the innovation behind this

wow this is wild, can't wait to see what memes you can borrow lmao

Really glad I came across this one today.

cool, i’ll check it out rn

Excited for lending and borrowing memes!

hello ur yeti is very cute & branding is impeccable

turning memes into borrowable assets is definitely a new direction for meme culture

very through breakdown and think this much needed for those that hold thousand and thousands in meme coins idle doing nothing, let the memes work for you

I am excited about this

sounds wild, can't wait to meme borrow and lend rn

The vision looks realistic and achievable.

Lend and borrow memes? Count me in

is the CA live too?

bring it on. am waiting

Hmmmm seems early

Loan docs look surprisingly fun

This is so interesting

First meme that runs a protocol. Let’s see if it actually ships.

Lending memes sounds like a fun new twist for sure

Isolated meme books and ranked LTVs is a fascinating lending experiment

$LOAN is confirmed man

👁

turning memes into collateral gives meme culture a whole new financial primitive

healthy is a borrowing position?

“Lend and borrow your favorite memes” is a wild sentence 😭 Turning meme culture into actual protocol mechanics could get very interesting.

sounds wild can't wait to try lending my favorite memes

Memes with real utility now lend and borrow the culture you already love.

Memes becoming collateral is a wild evolution. The lending mechanics are what I’d watch.

Really love what they're building. Excited to see what's next

Sounds fun but I need more details