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.
The move is part of a broader plan to position Floki – originally a memecoin named after Elon Musk’s pet Shiba Inu – as serious decentralized finance (DeFi) contender.
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