London, UK – The International Meme Fund (IMF), a decentralized finance (DeFi) protocol, is gaining attention for its unique "flywheel" mechanism designed to provide on-chain yield, liquidity, and borrowing capabilities for meme cryptocurrencies. A recent tweet from crypto commentator MontBlanc highlighted the protocol's ambitious model, describing it as a "credit cartel" with the potential to be "worth billions."
The core of IMF's strategy, as outlined by MontBlanc, is a self-reinforcing system where new tokens are heavily incentivized to list on the platform. This incentive stems from IMF offering the "only source of onchain yield for memes," generating "massive new bid volume from looping," and providing the "only way to get liquidity & borrow against memes onchain." This creates a powerful draw for meme coin projects seeking enhanced utility and market depth.
The International Meme Fund operates as a decentralized credit protocol on the Ethereum blockchain, enabling users to borrow stablecoins by using various meme coins as collateral. Initially, its V1 protocol issued the $6.9 cryptostable token, MONEY, against PEPE, with V2 expanding to support a broader range of collateralized assets. This mechanism allows meme coin holders to unlock liquidity without selling their holdings.
The term "credit cartel," used by MontBlanc and embraced by IMF itself, signifies a coordinated approach to controlling and facilitating credit within the meme coin ecosystem. The protocol's native IMF token governs the allocation of liquidity across supported markets, effectively turning meme coins into viable collateral for borrowing and lending. This strategic positioning aims to transform the speculative nature of meme coins by integrating them into more structured DeFi applications.
As of July 23, 2025, the International Meme Fund (IMF) token has seen significant market activity, with its market capitalization reported around $38.34 million, positioning it among the notable DeFi protocols in the meme coin space. The protocol's focus on providing utility and structured financial services for meme assets represents a significant shift from their traditional perception as purely speculative or humor-driven tokens.