Thursday, January 20, 2022
Home Crypto News Market Floki Inu Bringing Decentralized Finance (Defi) To More Than 370,000 Floki Holders

Floki Inu Bringing Decentralized Finance (Defi) To More Than 370,000 Floki Holders

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Floki Inu announced a partnership with Inverse Finance.

As a result of this partnership, decentralized finance will be available to 370,000 Floki holders.

Floki holders can now stake their coins to earn Inverse Finance’s token, INV. Users can also borrow BTC, ETH, and other available tokens against Floki tokens.

According to the Floki team, this partnership provides endless opportunities for Floki holders and would be highly valuable to those who want to get more immediate value out of their tokens without having to sell them.

Soon after listing, Floki quickly became the topmost supplied asset on Inverse Finance, increasing total value locked (TVL) on the platform by over $20 million within an hour and finally pushing TVL past $100 million on Inverse Finance.

Currently, Over $44 million worth of floki tokens were staked in a new liquidity pool on Inverse Finance in less than 24 hours. Data display 364 billion floki are locked up on the floki pool on Inverse Finance as of Wednesday morning.

Right from the very beginning Floki team is striving to enhance the utility of meme coin. Their goal is to introduce a lot of different utility for the Floki token that makes it much stronger than any other meme coin out there, and partnership with Inverse Finance is an example of that.

Read More On Floki Inu:


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Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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