Wu said that DWF Ventures tweeted that the Solana-based money market protocol BlonkFi will soon launch a testnet, supporting assets including WIF, BONK, and MOTHER. The platform allows users to borrow stablecoins using memecoin as collateral, or earn income by depositing memecoin without selling initial holdings. BlonkFi introduced proprietary Moon and Throttle modules to protect user and protocol security during market fluctuations. The Moon module works directly with the memecoin team to exercise options in a timely manner, reduce users' liquidation risks, and provide a higher loan-to-value ratio (LTV); the Throttle module adjusts lending and supply rates in real time according to market conditions to optimize the platform's liquidity and stability.
