According to WuSay, 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 Meme coins as collateral, or earn yield by depositing Meme coins without having to sell their initial holdings.

BlonkFi introduced the Moon and Throttle modules to protect users and protocols during market fluctuations. The Moon module reduces user liquidation risk and provides a higher loan-to-value ratio (LTV) by working with the Meme Coin team. The Throttle module adjusts lending and supply rates in real time according to market conditions to optimize platform liquidity and stability.