In the Beginning
On December 6, 2013, Billy Markus and Jackson Palmer, who decided to create a payment system as a joke created Doge. It was created to poke fun at the wild speculation in cryptocurrencies at the time. It is considered both the first "meme coin", and more specifically the first "dog coin". Since then, the meme coin sector has grown to over a $45 billion market cap. They have invaded every blockchain and taken root in the very culture of cryptocurrency around the world. Now FlexFi is creating something new to move memes to modern day.
MemeFi: The Future of Finance
Experience the revolution in decentralized finance powered by memes. Watch the short explainer video to get a glimpse of what we're building and why.
Building Building Building
At FlexFi, we're pioneering a new era of MemeFi with our initial suite of innovative products:
Margin Positions
Trade meme and traditional coins with up to 50x leverage, offering both long and short positions. Meme coin holders will be able to supply market liquidity to earn APY on their assets as well as take short side positions. This enables for delta-neutral strategies, which were previously greatly limited, on $45 billion+ in meme capital.
Index Trading
Trade custom indices that combine multiple assets like 50% ETH, 25% Brett, and 25% Chomp. Long or short these indices to access multiple assets simultaneously, enabling diversified strategies and efficient risk management across meme and traditional coins.
Lending
Creating a whole new sector of Total Value Locked (TVL) by allowing large holders of meme coins to leverage their assets without selling. You can increase your buying power while holding onto your meme coin investments. This will allow you to loop into other APY generating products.
Yield
Building on our existing products and traditional DeFi platforms, we're creating a new yield-bearing ecosystem. By blending meme and traditional assets, we aim to multiply the total DeFi TVL by tapping into previously stagnant capital.
Why FlexFi is Powered by Base
At FlexFi, we're transforming decentralized finance (DeFi) with a platform that's secure, affordable, and scalable. Here's why we chose Coinbase's Layer 2 blockchain, Base to begin our journey:
Top-Notch Security
Base uses Ethereum's Layer 2 (L2) framework, ensuring high security and stability.Lower Costs
Base reduces transaction fees, making it 10x cheaper than Ethereum, which means more savings for our users.Easy Integration
With seamless integration into Coinbase's ecosystem, users get easy access to fiat onramps and a wide range of assets.Developer-Friendly
Base offers simple APIs for gasless transactions and smart contract wallets, allowing us to innovate quickly.Decentralization
Base is designed to decentralize over time, aligning with our mission for an open, global cryptoeconomy.By choosing Base to launch, FlexFi delivers a superior DeFi experience that's secure, cost-effective, and user-friendly. Though FlexFi is chain agnostic at heart, we feel Base is the perfect chain to start the Memefi revolution.