FlockiFi sees massive adoption with securely locked Liquidity pool tokens, NFTs, & Multi-tokens – Will Floki DeFi locker protocol push prices?

  • FlokiFi Locker announced integration with one of the biggest decentralized token trackers DEX Tools.
  • Floki Inu announced a partnership with DeFi protocol Thena to boost DEFI activities on the BNB Chain.

As the collapses in the banking space and regulatory measures take most of the attention in the crypto space, the Floki Inu ecosystem continues to take new measures. Floki Inu’s native protocol FlokiFi continued to see growing adoption over the last week.

The FlokiFi Locker is one of the most secure protocols for securing digital assets. This includes digital assets such as NFTs, fungible tokens, Multi-tokens, Liquidity Pool tokens, and others. The FlockiFi Locker is audited by leading industry auditor CertiK.

The good thing about FlokiFi Locker is that it supports 12 different EVM-compatible blockchains which include Ethereum, Polygon, Binance Smart Chan, Fantom, Avalanche, OKX Chain, Optimism, KCC, and Dogechain. As a result, this makes it possible for individuals and projects to securely lock tokens on almost all the above-mentioned blockchain networks.

FlokiFi Locker uses FLOKI as its major utility token. Besides, every lock on the protocol burns FLOKI tokens on-chain that were tradeable. This is what makes the FLOKI token deflationary in nature. Last week, some of the key developments took place in the FLOKI ecosystem. This includes:

  1. Integrating decentralized exchange (DEX) tools with the FlockiFi locker protocol.
  2. In another vote of trust for the FlokiFi Locker, PANDAI locked a total of $3 million worth of supply tokens for 2 years.
  3. Similarly, another protocol NoriGo locked a total of 10% of its supply tokens on the FlokiFi Locker.
  4. Furthermore, Dosa locked a total of 85% of the reserve supply tokens with the FlokiFi locker.

Floki Inu, DeFi, and price surge

Floki Inu has been at the forefront of key changes and new partnerships to expand its footprint in the market. In the latest development, Floki Inu joined hands with decentralized finance (DeFi) protocol Thena to boost DEFI on BNB Chain.

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Thena is one of the leading DeFi protocols running on the BNB Chain. This protocol has an impressive $135 million in total value locked (TVL). furthermore, the Thena decentralized exchange (DEX) is also becoming one of the top DEXs on the BNB Chain. In its latest announcement, FLOKI noted:

This partnership will help grow adoption for both #Thena and #Floki‘s crypto locker protocol #FlokiFi Locker within the BNB chain ecosystem. As part of this partnership, going forward Floki will be recommending Thena as its preferred DEX on the BNB chain.

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Thena has vested 12,500,000 $THE tokens from its ecosystem fund (currently worth $7.6 MILLION) with #Floki‘s FlokiFi Locker AND will be recommending #FlokiFi Locker as the main crypto locker to projects that use its DEX as well as partner projects and launchpads in its ecosystem.

FLOKI, the native cryptocurrency of the Floki Inu is currently trading 23 percent up at a price of $0.0000387 and a market cap of $345 million.

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About Author

Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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