Risks
Borrowing against memecoins can go wrong. Here is how.
The coin can crash
Memecoins can lose most of their value in minutes. If your coin falls past its liquidation line, your loan is liquidated and you lose the collateral that is sold. Borrow well under the limit if you want to hold through swings.
The desk can be wrong
The rules and the AI work from public data that can be late, missing or gamed. A limit is the desk's best judgment at that moment, not a promise that the coin is safe.
Selling can be hard
When everyone sells at once, liquidity thins out and liquidations fill at worse prices. The coin caps exist for this, but they cannot remove it.
Software can fail
Loans run on software on Solana. Software can have bugs, Solana can be congested, and price data can lag. Only borrow what you can afford to lose.
Not advice
Nothing on OtterLend is financial advice. OtterLend is not affiliated with pump.fun or with any coin listed on it.