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

- Advertisement -

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:

 

- Advertisement -
Ammarahttps://thecryptobasic.com/
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Central Bank Of Russia Proposes A Ban On Cryptocurrency Use And Mining

The Central Bank of Russia (CBR) issued a consultation paper on Thursday entitled 'Cryptocurrencies: Trends, Risks, and Regulation', whose primary focus is to influence...

Fox Business Journalist Says SEC legal Team Declared Ripple (XRP) Non-Security In 2018 So What Changed In 2 years?

Eleanor Terrett, a Fox Business journalist, recently questioned the ongoing lawsuit between the SEC and Ripple. window.coinzilla_display...

Michael Saylor Reaffirmed After BTC Drop From $69K to $40K That Neither He Nor His Company Will Sell A Single Satoshi

Michael Saylor, again affirmed that neither he nor his company is going to sell their bitcoin holdings. ...

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it's all thanks to Microsoft as the company prepares its new acquisition of Activision.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based...

Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.