$mefi is the utility token of The meme finance which is a protocol that enables holders will be able to borrow ETH by providing Meme tokens as collateral.

$mefi is the underlying token of our protocol. While not required to use our protocol, $mefi holders will be able to borrow ETH at a higher percentage for their collateral. Non-$mefi holders will receive ETH equivalent to up to 50% of their collateral’s valuation. $mefi holders, on the other hand, will receive up to 75%. Put simply, holding $mefi significantly reduces your risk of having your entire stack of a meme coin liquidated because you’re utilizing fewer tokens as collateral. Additionally, $mefi holders won’t be required to pay any interest on the borrowed ETH.