XIP-51

Support Memecoins

authorkmao, kain
typecore-upgrade
networkSolana, Ethereum, Base, Arbitrum
statusImplemented
created2024-07-01
updated2024-07-01

Proposal Summary

XIP-51 proposes Memecoin Madness, adding support for fourteen new assets. Specifically, SHIB, PEPE, BONK, WIF, FLOKI, BRETT, MEW, POPCAT, MOG, MFER, MOUTAI, MOTHER, TOSHI, DEGEN.

Specification

Overview

Infinex now supports a variety of assets including Network tokens, LSTs, LRTs, yield-bearing stablecoins and many other tokens. Enabling the deposit of memecoins expands the range of supported assets on the platform, memecoins are expected to significantly increase Infinex's TVL.

The value of each asset will be denominated in USD and determined by a 3rd-party price feed, they will also be counted as TVL for the Craterun campaign.

Each day for a week two memecoins will battle for the highest TVL. Users will have 24 hours to deposit into their Infinex Account, the memecoin that wins will qualify for a 25% deposit bonus for the rest of Craterun.

  • As with other boosts, users who withdraw any amount from their Infinex account during Craterun will lose all of their boosts.

Additional prizes will also be added to Infinex's Craterun Campaign, a detailed breakdown is found below.

Coin

Prize

QTY

Bonk

450,000,000 BONK

1

dogwifhat

4444 WIF

1

cat in a dogs world

2,600,000 MEW

1

Mog Coin

7,000,000,000 MOG

1

mfercoin

500,000 MFER

1

Moutai

500,000 MOUTAI

1

Mother Iggy

150,000 MOTHER

1

Popcat

15,000 POPCAT

1

Schedule

Day

Meme One

Meme Two

Day One

MOG

MEW

Day Two

POPCAT

TOSHI

Day Three

MOUTAI

MFER

Day Four

MOTHER

DEGEN

Day Five

PEPE

WIF

Day Six

BONK

BRETT

Day Seven

SHIB

FLOKI

Rationale

Memecoins are one of the hottest narratives in crypto right now, and a variety of Infinex community members have requested support for them. Memecoins also have no utility, which means most users are simply holding them in a wallet. This means users will be more likely to deposit these assets into their Infinex Account due to lower opportunity costs.

Technical Specification

A list of the supported token, network, and token address can be found below. Infinex will add support for deposit and withdrawals for all of the listed tokens.

Token

Network

Token Address

SHIBA

Mainnet

0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce

PEPE

Mainnet

0x6982508145454ce325ddbe47a25d4ec3d2311933

PEPE

Arbitrum One

0x25d887ce7a35172c62febfd67a1856f20faebb00

BONK

Solana

DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263

BONK

Arbitrum One

0x09199d9a5f4448d0848e4395d065e1ad9c4a1f74

BONK

Polygon POS

0xe5b49820e5a1063f6f4ddf851327b5e8b2301048

BONK

Mainnet

0x1151cb3d861920e07a38e03eead12c32178567f6

WIF

Solana

EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm

FLOKI

Mainnet

0xcf0c122c6b73ff809c693db761e7baebe62b6a2e

BRETT

Base

0x532f27101965dd16442e59d40670faf5ebb142e4

MEW

Solana

MEW1gQWJ3nEXg2qgERiKu7FAFj79PHvQVREQUzScPP5

POPCAT

Solana

7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

MOG

Mainnet

0xaaee1a9723aadb7afa2810263653a34ba2c21c7a

MOG

Base

0x2da56acb9ea78330f947bd57c54119debda7af71

MFER

Base

0xe3086852a4b125803c815a158249ae468a3254ca

MOUTAI

Solana

45EgCwcPXYagBC7KqBin4nCFgEZWN7f3Y6nACwxqMCWX

MOTHER

Solana

3S8qX1MsMqRbiwKg2cQyx7nis1oHMgaCuc9c4VfvVdPN

TOSHI

Base

0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4

Degen

Base

0x4ed4e862860bed51a9570b96d89af5e1b0efefed

Copyright

Copyright and related rights waived via CC0.

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