What is BlonkFi?

BlonkFi is a money market protocol on the Solana blockchain that enables users to collateralize volatile mid-market capitalizations, such as memecoins, to borrow stablecoins. By allowing users to utilize volatile assets as collateral, BlonkFi aims to build a money-making economy around memecoins, tapping into the $46B+ market category. This protocol serves as a Core Liquidity Infrastructure Layer, enhancing composability for high-attention, high-volatility assets.