RAS AL KHAIMAH, United Arab Emirates, July 17, 2023 (GLOBE NEWSWIRE) — Nukem Loans, an isolated lending protocol specifically designed for MEME coins, is preparing to deploy a Lending Market for DogeBonk.
DogeBonk (DOBO) is a community-run meme token centered around a meme featuring Balltze wielding a baseball bat and bonking other meme coins, most notably Dogecoin (DOGE). With 41,750 holders on the BNB smart chain, DOBO currently has a market cap of $2.0 million with $1.2 million of liquidity on PancakeSwap, resulting in a liquidity to market capitalization ratio of approximately 0.6.
DeFiKash, the founder of Nukem Loans, stated, “DOBO has great potential for utilizing all the features Nukem Loans is offering to create a successful lending market on the BNB smart chain for their project. With over 41,000 token holders and $2.0 million collateral value, borrowers will initially be competing for $0.6 million worth of loans, while lenders can expect very lucrative yields and potential growth in the addressable market for DOBO.”
“Nukem Loans brings FREE HYPE, FREE MARKETING, and FREE UTILITY to DOBO coin holders. It is somewhat unfair to holders that they lose 10% of their holdings due to transactional tax when interacting with our vaults, which add significant value to token holders. We believe that the developers of DOBO coin should not penalize their users but rather support the addition of value and utility to their community by whitelisting our vault smart contracts in their token contract,” explained community manager Coinsigliere.
“Nukem Loans gives token holders a reason to HODL DOBO coin by allowing them to take a loan against their collateral value when needed. The leverage function brings more volume and volatility to token trading, which, in turn, increases transactional taxes and the price of the asset, benefiting the community. The community can hedge their risk, trade volatility, or earn passive income by using Nukem Loans,” added Coinsigliere.
About Nukem Loans
Nukem Loans, an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of dedicated work and over 50 iterations, Nukem Loans has perfected their smart contracts to revolutionize the industry and empower projects with strong communities but limited utility.
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