Crypto Traders Are Earning 165% Yields By Staking a Token Named After Elon Musk’s Pet
Developers are trying to capture a piece of the global asset tokenization market as part of a new product in the Floki ecosystem.
Over $55 million of floki (FLOKI) tokens have been locked on the blockchain’s staking platform.
Floki was released in 2021 as a meme coin named after Elon Musk’s pet, Shiba Inu, but has morphed over time to position itself as a serious decentralized finance (DeFi) project. Decentralized finance is an umbrella term for lending and borrowing carried out on the blockchain without the use of intermediaries.
The staked floki is used to reward holders with token (TOKEN), a sister project that allows users to tokenize real-world assets (RWA) that was released in the last week of October.
#Stablecoins #BNBecosystem
Developers are trying to capture a piece of the global asset tokenization market as part of a new product in the Floki ecosystem.
Over $55 million of floki (FLOKI) tokens have been locked on the blockchain’s staking platform.
Floki was released in 2021 as a meme coin named after Elon Musk’s pet, Shiba Inu, but has morphed over time to position itself as a serious decentralized finance (DeFi) project. Decentralized finance is an umbrella term for lending and borrowing carried out on the blockchain without the use of intermediaries.
The staked floki is used to reward holders with token (TOKEN), a sister project that allows users to tokenize real-world assets (RWA) that was released in the last week of October.
#Stablecoins #BNBecosystem