Overview

Memecoins are a New Asset Class

Memecoins have been one of the most dynamic and high-performing asset classes within the market. Powered by community engagement and viral trends, they have outperformed all traditional cryptocurrencies and financial assets in the present market cycle. However, their potential is marred by a number of critical challenges.

Despite being highly liquid, memecoins are less integrated into DeFi. Their unpredictable price swings draw away lending platforms from allowing these coins as collateral, limiting their use in the DeFi ecosystem. Hence, memecoin holders are often left with no leverage to make use of their assets effectively. The unavailability of financial instruments that would help unlock liquidity without having to dispose of these assets limits the financial and growth flexibility.

This is exactly what Blendy addresses.

What is Blendy?

Blendy aims to be the first mover within the MemeFi ecosystem, its very first offering will be a money markets protocol on Solana that allows users to collateralize their volatile and long tail assets, such as memecoins. The goal is to build an ecosystem around memecoins, a new and untapped $53bn+ asset class.

By allowing users to safely utilize volatile assets as collateral, Blendy serves as a Core Liquidity Infrastructure Layer that unlocks additional composability for high-attention, high-volatility assets.

The key innovation lies in Blendy's native risk modules: the Moon Module and the Throttle Module. These two modules complement each other and address the risks of downside volatility and market stability to ensure the long term viability of the protocol.