Tokens of Shiba Inu-themed Floki can soon be used as collateral to borrow a basket of cryptocurrencies on Venus Protocol, the second-largest lending protocol on the BNB chain, Floki developers today told CoinDesk.
Venus provides a simple-to-use crypto asset lending and borrowing solution that allows users to directly borrow against collateral at high speed while losing less to transaction fees. It holds over $800 million in locked tokens as of Friday.
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VenusProtocol RealFlokiInu shauryamalwa Floki continues to build relentlessly through the bear, because we genuinely desire to improve the crypto space. It is exciting to see our efforts acknowledged. Leading crypto data aggregator Coingecko just ranked Floki's Valhalla game among the top crypto games of 2023.
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