The Solana -based Mimikoin said that Pump.fun launches a lending platform to enable users to buy memecoins and non -violated symbols (NFTS) with a prescribed encrypted currency.
Onchain Dumbed Pump.fi lending protocol provides “immediate financing … financing for digital assets (i.e.),” on April 1 x. mail.
According to Pump.fun, borrowers pay a third of the front and the rest is more than 60 days. In addition, POMP.FI will create a market for lenders to buy debt. The protocol did not specify how pump.fi – which does not make credit checks – plans to ensure that uninterrupted Onchain loans are paid.
POMP.FI will allow users to borrow to buy memecoins. source: pump.fun
Related to: Pump.fun launches Dex, Drops Raydium
Competitive market
PEMP.fun was struggled with sharp withdrawal in Memecoin trading activity on Solana after many prominent scandals-such as the catastrophic launch of Libra Token-in Memecoins between retailers.
The addition of Onchain lending has the ability to attract more liquidity to space, which has witnessed the stability of trading volumes in recent weeks, according to Data One of the sand dune analyzes.
POMP.fun has also expanded its offers to stay at the top of the competition from the competing platforms.
Raydium plans, the largest non -central exchange of Solana (DeX), according to Volume, to launch Memeco Launchpad, Launchlab.
Other competitive protocols – including Daos.fun, GOFUNDMEME and Pumpkin – compete for a share of the Memecoin market in Solana.
The number of successful symbols successfully “bonding” on pump.fun every day. source: Sandin dune analyzes
On March 20, her Pump.fun Dex was launched – known as Pumpswap – to replace Raydium as the final house of the symbols that have succeeded in obtaining liquidity on Pump.fun.
The switch to Pumpswap has been simplified by the PumpFun process to include new codes and reduce costs for users. He said.
PumpsWAP also plans to start distributing part of trading fees to metal currencies, According to To pump.fun co -founder Alon.
The newly launched DeX has acquired more than 10 % of Solana trading sizes and even exceeded Raydium-alongside each other Solana application-in 24 hours fees, according to data from Sandin dune analyzes and Deville. On April 1, Pumpswap has achieved approximately $ 4 million as a fee.
magazine: Helps! My parents are addicted to Pi Network Crypto Tapper
The post Pump.fun launches lending platform to finance memecoin buys first appeared on Investorempires.com.
