Like it or not, memecoins make up a huge part of crypto valuations, with around $25B in market cap.
But even with all that activity, I know a lot of people who are just stuck holding their bag waiting for price rebounds.
@purintaxyz is the only project dedicated to building infrastructure to put your idle memecoins to work using @Morpho markets.
They let you borrow/lend USDC against top memecoins. The idea is that memecoins are actually a better collateral option than traditional DeFi assets because the risk is easier to manage.
Right now, they support PEPE and SPX6900 as collateral, with more meme assets planned in future updates.
They're currently offsetting all borrowing interest through a Merkl incentive campaign, so if you wanna try it out, do it now while borrowing is free.
Not saying this removes the risk, but if you’re already holding memes, having the option to put those bags to work is pretty interesting IMO.
Check it out here: https://t.co/clyysWQqKj
