Meme Insider
Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled upon a fascinating thread from Viro ꙰ (@virotechnics) that’s got the meme coin community buzzing. Posted on June 27, 2025, this thread dives into an exciting development involving the @intlmemefund and a strategy called "MogFi" using the $MOG token. Let’s break it down and explore what this could mean for the future of decentralized finance (DeFi)!
What’s MogFi All About?
MogFi seems to be a playful yet innovative twist on DeFi, centered around the $MOG meme coin. According to the post, the IntlMemeFund recently loaded $690,000 worth of USDS (a stablecoin pegged to the U.S. dollar, similar to USDC) to be borrowed against $MOG. This move opens up a unique opportunity for users to leverage their holdings. Here’s the step-by-step process Viro outlined:
- Deposit $MOG: Start by putting your $MOG tokens into the platform.
- Borrow USDS at 50% LTV: Use your $MOG as collateral to borrow USDS, with a Loan to Value (LTV) ratio of 50%. (For the uninitiated, LTV is the percentage of your collateral’s value you can borrow—think of it like a loan limit!)
- Buy More $MOG with USDS: Take the borrowed USDS and scoop up additional $MOG tokens.
- Deposit the New $MOG: Add those newly bought tokens back into the platform.
- Lower LTV to ~33%: This step reduces your risk by bringing the loan-to-value ratio down, making your position more secure.
- Gas It: The final step is to execute the trades, likely referring to covering gas fees and completing the cycle.
The result? A strategy that could amplify your $MOG holdings while managing risk—a pretty slick move if it works!
Who’s Behind This?
The @intlmemefund appears to be the mastermind, acting as a lender in this ecosystem. The thread suggests they’re pushing the boundaries of what meme coins can do in DeFi, turning a joke token into a financial tool. $MOG itself is a meme coin built on the Ethereum blockchain, launched in 2023, and known for its humorous branding. Now, it’s stepping into the spotlight with this bold strategy.
The Buzz on X
The thread sparked a flurry of reactions. Users like kmoney (@kmoney_69) chimed in with an awesome image of a cat in futuristic goggles (check it out below!), while others like turi.mog/acc (@tur28020024) expressed excitement about depositing more $MOG. Some, like kry (@kryw0lf), even threw in a cheeky challenge: “you a pussy or not?” The community’s enthusiasm is palpable, with calls to “squeeze those market makers” and accelerate the trend.
Is This Legit or Risky?
While the idea sounds exciting, let’s pump the brakes for a second. MogFi leverages DeFi mechanics, which can be a double-edged sword. The 50% LTV borrowing means you’re using half your $MOG’s value as a loan, and if $MOG’s price drops, you could face liquidation—losing your collateral. Bringing the LTV down to 33% helps, but it’s still a gamble. Plus, meme coins like $MOG are known for their volatility, so this strategy isn’t for the faint-hearted.
The mention of “what 3ac should have done” (referring to the collapsed Three Arrows Capital) hints at a nod to past DeFi failures. It’s a reminder to tread carefully and do your homework before jumping in.
Why It Matters in 2025
As we roll into the second half of 2025, meme coins are evolving beyond jokes. MogFi could signal a new era where these tokens play a serious role in DeFi, blending humor with financial strategy. With the IntlMemeFund’s bold move, we might see more projects experiment with similar tactics, potentially reshaping how we view cryptocurrency lending and borrowing.
Final Thoughts
MogFi is a wild ride that’s got the crypto world talking. Whether you’re a $MOG holder or just curious about DeFi trends, this thread offers a glimpse into the future of meme coin finance. Keep an eye on meme-insider.com for the latest updates, and let us know in the comments—what do you think about this strategy? Ready to dive into MogFi, or are you sitting this one out?
Happy meme-ing, and stay crypto-savvy!