Floki, the popular cryptocurrency named after Elon Musk’s dog, has recently announced its official partnership with Venus Protocol, the largest lending protocol on the BNB chain.
As the leading lending and borrowing platform on the BNB chain and the second biggest DeFi protocol after PancakeSwap, Venus provides a user-friendly solution for borrowing against collateral at high speed with minimal transaction fees.
Under this partnership, Venus will be integrating FLOKI into their Isolated Money Markets, enabling FLOKI token holders to borrow a basket of other isolated market cryptocurrencies using their FLOKI tokens as collateral. This will significantly enhance the utility value of the FLOKI token, allowing holders to access liquidity without having to sell their tokens.
This partnership is a major milestone for Floki, given the dominance of Venus in the DeFi industry. With a Total Value Locked (TVL) of $1.35 billion and an 84% market share of the BNB chain lending TVL, Venus is one of the biggest players in the DeFi industry.
The collaboration with Venus will not only offer FLOKI holders access to Venus’s vast liquidity pool, but it will also enhance the exposure of the Floki token to a wider audience in the DeFi community.
Floki Roadmap
Furthermore, Floki has released its 2023 roadmap. The roadmap lays out specific goals for the project and plans to keep the Floki community updated on its development for the rest of the year.
In addition to already implemented services like the merchandise store and the Binance Pay integration for cryptocurrency purchases, future plans include rolling out a native staking program, updating the FlokiFi protocol, and releasing the Floki Debit Card.
The final phase of launch will witness the debut of Valhalla, a flagship utility product and metaverse game. Floki’s road map highlights the project’s dedication to competing with other cryptocurrencies like Shiba Inu, as well as its commitment to transparency.
The FLOKI price increased by more than 30% after the unveiling of the road map. At the time of writing, the token is priced at $0.000046, down 5% over the past 24 hrs.
