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 partners with @InverseFinance to bring DeFi to FLOKI's 370,000+ holders!
We have always been particular about our focus on utility, and $INV is the future of DeFi.
This is one exciting partnership we are very pleased about!
Full details here:https://t.co/2knZpETgde
— Floki Inu (@RealFlokiInu) December 21, 2021
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.
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