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$IMF

Been thinking about what makes the International Meme Fund different.

It’s not just another DeFi protocol.
It’s a credit cartel.

That’s the innovation.

Most people know credit unions.
Co-ops where members pool money, borrow, and (in theory) all benefit.

But that’s soft. Friendly. Local.
Built for farmers’ markets, not the trenches.

A credit cartel flips the frame:

⌖ Not kumbaya, but omertà.
⌖ Members own the operation.
⌖ Everyone’s incentive: bring in more USDS for lend, more collateral for borrow, more fees from interest paid to lenders by borrowers, more cartel owned USDS earning yield, and appreciating treasury assets. 

And here’s the kicker:

The cartel has a legally enforceable takeover asset: a token.
But it’s not just governance.
It’s a grown ass man token. 
For grown ass man investors. 

Anyone can accumulate enough for the keys to the cartel.
That threat of takeover keeps the cartel alive, adversarial, and competitive.

Cashflows like this:

⌖ Depositors earn native yield + tokens.
⌖ Borrowers get USDS liquidity at cartel rates + loyalty rewards.
⌖ Token holders anticipate buybacks, mergers, and acquisitions. 

One token, the entire operation.

A credit union says: “We pool money to help members borrow.”
A credit cartel says: “We pool money to dominate credit markets. Join us or be crushed.”

That’s the difference.
That’s the innovation.

Loans for the longtail. Crypto’s original credit cartel and lender of last resort. 

Bank the unbankable with $IMF. 

We’re profitable.

POST MORTEM: $IMF Liquidations Summary

Earlier we provided an update on what happened and what you need to know.

We've now published a liquidations post mortem to the URL at the bottom of this tweet ⤵

Brief Summary:

- Liquidations: 260
- Unique borrowers: 126
- Seized: 5,106,321.08 IMF
- 15.47% of total IMF supply
- Repaid: 1,592,486.84 USDS
- Bad Debt: 632,978.67 USDS
- Blocks: 23,030,818 to 23,035,922

Please note: Bad debt (~1% of USDS deposited) is less than the total yield generated for lenders, so there is no net loss.

0xigami.github.io/imf-liq-summary

UPDATE: What Happened and What You Need to Know

To understand the impact, we need to separate what IMF is from what $IMF represents.

There are two sides to IMF:

1. IMF the protocol – a stand-alone, permissionless, autonomous credit system built on top of audited and

POST MORTEM: $IMF Liquidations Summary

Earlier we provided an update on what happened and what you need to know.

We've now published a liquidations post mortem to the URL at the bottom of this tweet ⤵

Brief Summary:

- Liquidations: 260
- Unique borrowers: 126
- Seized: 5,106,321.08 IMF
- 15.47% of total IMF supply
- Repaid: 1,592,486.84 USDS
- Bad Debt: 632,978.67 USDS
- Blocks: 23,030,818 to 23,035,922

Please note: Bad debt (~1% of USDS deposited) is less than the total yield generated for lenders, so there is no net loss.

0xigami.github.io/imf-liq-summary

https://x.com/intlmemefund/status/1950735634634789238

$IMF voting is now open
https://vote.imf.bz/

Hey, @gami.eth! I just get a notification from @cura about the leaderboard in /imf channel and I have an idea (maybe it's very stupid idk but I want to share it here)

What do you think about rewarding the casters of this channel in $IMF tokens with the help of cura bot? Maybe it is a very good idea to provide your project to the masses (I mean that the people will have desire and opportunity to spread our cartel within Farcaster and it's ecosystem).

I think your main focus is X and you prioritize it but maybe my suggestion will give you something to think about:D

I'm ready to help you in it and I'm always open to every opinions and new suggestions/ideas🙏 

@swishh.eth @flexasaurusrex

Art Historian • NFTs • Crypto Assimilator.

CreditCartel.com. Grew $IMF to 9 figure TVL in just 9 weeks. Pioneered action sports onchain with @gnars. Early /nouns contributor ⌐◨-◨

International Meme Fund

community curation powered by openrank
Web: https://cura.network
ios: https://apps.apple.com/us/app/cura-by-openrank/id6741865443

international meme fund on the world computer

International Meme Fund

Finance for Degenerates

$IMF is real DeFi

It looks simply astounding and marvelous at the same time. I kept looking for where I can stick my stables for a short term with good income and listening to @gami.eth was the best decision.

Besides the incredible 47% yield on Morpho Blue, the token is also growing like a yeast in parallel.

I am very happy to be part of this great community, cartel and ecosystem of farcaster and base in general.

We are still so early and I think that this is just a beginning. Continue wathing for this and being a part of this.

Have a wonderful day, guys. Take your time🙏

We are still early.
We’re in a supercycle of culture coins🫵😹
Any good DeFi protocols where we can put our bags to work instead of just letting them sit around?
/imf