ProposalsProposal 786
ProposalsProposal 786
Nouns DAO is invited to lend 420,000 USDS to International Meme Fund (IMF), a crypto-native credit union building Community Coordinated Credit on Ethereum. The funds earn ~20% APY in USDS from borrowers using MOG as collateral, secured by Morpho's robust and battle-tested infrastructure. This is not a grant. It’s a trustless, reversible loan. Nouns earns yield, supports a culturally aligned protocol, and helps close the loop. Laying the foundation for Nouns to fund ideas. And be funded by them.
Nouns DAO has led the way in funding public goods, memetic culture, and internet-native identity. But with a shrinking treasury and limited value returning from funded proposals, it’s time to explore new Nouns Break Even aligned approaches. Not to replace grants, but to complement them.
This proposal acknowledges a critical gap in the original Nouns Virtuous Cycle described by 4156. Without mechanisms for accountability or value feedback, the current cycle breaks down. By introducing onchain credit, Nouns can upcycle its coordination engine. Proliferating not just memes, but momentum.
As an early contributor to Nouns and founder of Gnars, I’ve watched this experiment grow from day one. This proposal offers a courageous but clear next step. IMF delivers new infrastructure for Nouns to back its mission with capital coordination.
IMF Credit is a protocol that empowers anyone to unlock credit using any token as collateral. It’s built for coordination, not extraction. It’s secured by Morpho Blue, Ethereum’s most respected modular lending infrastructure. IMF Credit includes Pools, Loans, and Yield, enabling cultural communities to coordinate capital without selling their assets.
There are no intermediaries. No multisigs. The DAO interacts directly with the protocol.
Here’s what happens on execution:
This is trustless, reversible, and secured by Ethereum’s best infrastructure.
Nouns doesn’t need to spend ETH to support coordination. It can put its stablecoins to work, earning yield while supporting a culturally aligned protocol built to serve memecoin economies and internet-native communities.
This proposal doesn’t replace grants. It complements them. Builders who hold $NOUNS could borrow against it to fund ideas, repaying over time. This aligns incentives, creates measurable accountability, and adds a sustainable new layer to Nouns’ funding ecosystem.
Mog coin’s aesthetic and community are deeply inspired by Nouns. The artist behind Mog’s rebrand, Mike Three, is a Nouns fan who credits Noggles as inspiration for the Moggles, the Pit Viper sunglasses now iconic in Mog culture. Ripe, a prolific Nouns builder and smart contract artist, and Batz, a celebrated artist and new Noun owner, are also active in the Mog ecosystem.
Nouns and Mog are part of the same cultural movement. IMF Credit empowers Mog. This proposal links all three and proves what coordinated credit can unlock.
IMF is one of four launch partners of Salutary, a new onchain standard for tokens with credible economic structure. The $IMF token doesn’t pay dividends. Instead, protocol revenue is reinvested in growth. If someone wants to acquire the protocol, they must acquire 51% of the supply. This introduces a real, onchain acquisition mechanism. It brings the “threat of takeover” dynamic from equities into crypto.
IMF Credit is secured by Morpho Blue. It’s modular, immutable, and already supports billions in total value locked. When the DAO deposits USDS, it does so directly, securely, and without custodial risk.
We take risk seriously. Here’s what Nouns DAO should know:
Nouns DAO retains full control of the funds. No trust is required. All value flows onchain.
IMF Borrow and Lend are powered by Morpho Blue, the most secure and flexible lending infrastructure on Ethereum. Morpho currently secures over $4.2B in deposits and $1.7B in active loans, with all markets isolated, immutable, and free from governance risk.
Morpho’s contracts are formally verified and have undergone 25+ independent audits, with an active bug bounty on Immunefi. There are no upgrade paths or privileged access. Just smart contracts that work as designed.
While not directly used in this proposal, the Pools component of IMF Credit is also undergoing multiple audits and has its own bug bounty program through Hashlock, further reinforcing IMF’s commitment to secure, onchain coordination.
By leveraging Morpho Blue, IMF Credit delivers high-yield lending with the assurance of battle-tested, transparent, and decentralized infrastructure.
This proposal is the beginning of something meaningful. In future, Nouns DAO can:
These outcomes will emerge. The only question is whether Nouns leads the way.
This is a moment to be bold. To experiment with conviction. To evolve what funding looks like in the Nouniverse. IMF has been building Community Coordinated Credit from the ground up since our inception at the ETHGlobal Sydney hackathon, May 2024.
International Meme Fund offers Nouns DAO a new tool. It’s a way to coordinate value without giving it away. This proposal requires no trust, no permanent treasury depletion, and opens doors for future innovation.
Credit is a weapon. Let’s use it together.
⌐◨-◨
Nouns DAO is invited to lend 420,000 USDS to International Meme Fund (IMF), a crypto-native credit union building Community Coordinated Credit on Ethereum. The funds earn ~20% APY in USDS from borrowers using MOG as collateral, secured by Morpho's robust and battle-tested infrastructure. This is not a grant. It’s a trustless, reversible loan. Nouns earns yield, supports a culturally aligned protocol, and helps close the loop. Laying the foundation for Nouns to fund ideas. And be funded by them.
Nouns DAO has led the way in funding public goods, memetic culture, and internet-native identity. But with a shrinking treasury and limited value returning from funded proposals, it’s time to explore new Nouns Break Even aligned approaches. Not to replace grants, but to complement them.
This proposal acknowledges a critical gap in the original Nouns Virtuous Cycle described by 4156. Without mechanisms for accountability or value feedback, the current cycle breaks down. By introducing onchain credit, Nouns can upcycle its coordination engine. Proliferating not just memes, but momentum.
As an early contributor to Nouns and founder of Gnars, I’ve watched this experiment grow from day one. This proposal offers a courageous but clear next step. IMF delivers new infrastructure for Nouns to back its mission with capital coordination.
IMF Credit is a protocol that empowers anyone to unlock credit using any token as collateral. It’s built for coordination, not extraction. It’s secured by Morpho Blue, Ethereum’s most respected modular lending infrastructure. IMF Credit includes Pools, Loans, and Yield, enabling cultural communities to coordinate capital without selling their assets.
There are no intermediaries. No multisigs. The DAO interacts directly with the protocol.
Here’s what happens on execution:
This is trustless, reversible, and secured by Ethereum’s best infrastructure.
Nouns doesn’t need to spend ETH to support coordination. It can put its stablecoins to work, earning yield while supporting a culturally aligned protocol built to serve memecoin economies and internet-native communities.
This proposal doesn’t replace grants. It complements them. Builders who hold $NOUNS could borrow against it to fund ideas, repaying over time. This aligns incentives, creates measurable accountability, and adds a sustainable new layer to Nouns’ funding ecosystem.
Mog coin’s aesthetic and community are deeply inspired by Nouns. The artist behind Mog’s rebrand, Mike Three, is a Nouns fan who credits Noggles as inspiration for the Moggles, the Pit Viper sunglasses now iconic in Mog culture. Ripe, a prolific Nouns builder and smart contract artist, and Batz, a celebrated artist and new Noun owner, are also active in the Mog ecosystem.
Nouns and Mog are part of the same cultural movement. IMF Credit empowers Mog. This proposal links all three and proves what coordinated credit can unlock.
IMF is one of four launch partners of Salutary, a new onchain standard for tokens with credible economic structure. The $IMF token doesn’t pay dividends. Instead, protocol revenue is reinvested in growth. If someone wants to acquire the protocol, they must acquire 51% of the supply. This introduces a real, onchain acquisition mechanism. It brings the “threat of takeover” dynamic from equities into crypto.
IMF Credit is secured by Morpho Blue. It’s modular, immutable, and already supports billions in total value locked. When the DAO deposits USDS, it does so directly, securely, and without custodial risk.
We take risk seriously. Here’s what Nouns DAO should know:
Nouns DAO retains full control of the funds. No trust is required. All value flows onchain.
IMF Borrow and Lend are powered by Morpho Blue, the most secure and flexible lending infrastructure on Ethereum. Morpho currently secures over $4.2B in deposits and $1.7B in active loans, with all markets isolated, immutable, and free from governance risk.
Morpho’s contracts are formally verified and have undergone 25+ independent audits, with an active bug bounty on Immunefi. There are no upgrade paths or privileged access. Just smart contracts that work as designed.
While not directly used in this proposal, the Pools component of IMF Credit is also undergoing multiple audits and has its own bug bounty program through Hashlock, further reinforcing IMF’s commitment to secure, onchain coordination.
By leveraging Morpho Blue, IMF Credit delivers high-yield lending with the assurance of battle-tested, transparent, and decentralized infrastructure.
This proposal is the beginning of something meaningful. In future, Nouns DAO can:
These outcomes will emerge. The only question is whether Nouns leads the way.
This is a moment to be bold. To experiment with conviction. To evolve what funding looks like in the Nouniverse. IMF has been building Community Coordinated Credit from the ground up since our inception at the ETHGlobal Sydney hackathon, May 2024.
International Meme Fund offers Nouns DAO a new tool. It’s a way to coordinate value without giving it away. This proposal requires no trust, no permanent treasury depletion, and opens doors for future innovation.
Credit is a weapon. Let’s use it together.
⌐◨-◨