Categories: FintTechMenafn

DeFi Lending Protocol Venus To Start Accepting Floki As Collateral

  • BNB Chain’s Venus Protocol has announced a partnership with Floki.
  • Venus will integrate Floki in their isolated markets allowing users to pledge FLOKI tokens as collateral.
  • FLOKI surged more than 2.5% following the announcement of the partnership.
  • The former meme coin has secured the top spot on Binance’s list of trending cryptocurrencies.

Floki has partnered up with Venus Protocol, the biggest lending protocol on the BNB Chain. As the second largest DeFi protocol on the BNB Chain, Venus boasts an impressive total value locked (TVL) of a whopping $1.35 billion, representing 84% of the market share of the BNB Chain lending TVL. 

Venus will integrate Floki into its isolated money markets

According to a blog post by Floki earlier today, Venus Protocol will soon integrate Floki into its isolated money markets. The DeFi lending giant will allow holders of the FLOKI token on the BNB Chain to borrow a wide range of cryptocurrencies like BNB, USDC, USDT, etc. by using FLOKI as collateral. 

The FLOKI integration process on Venus has started, and this is expected to be finalized in March after which Floki holders will be able to seamlessly lend and borrow on Venus while using their FLOKI tokens as collateral.”

The blog post further stated that Floki is looking forward to continuing building on the BNB Chain and making strategic partnerships to benefit FLOKI holders by enhancing the token’s utility and allowing its users to access liquidity without having to sell their tokens. The token, which started out as a meme coin, has evolved into a full-fledged Web3 venture with a considerable presence in the DeFi space. 

The growing popularity of FLOKI has helped it secure the top spot on Binance’s list of trending cryptocurrencies. News of the announcement sent FLOKI soaring nearly 3% earlier today. The price has since fallen considerably. On the other hand, Venus Protocol’s native token, XVS, has plummeted by more than 3%. 

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

Recent Posts

Bitcoin Bulls Bet on Fed Rate Cuts to Ignite Next Rally

Bitcoin investors are watching the Federal Reserve closely as speculation grows that a rate cut…

3 hours ago

Al Marwan Developments Leads UAE Economic Diversification With District 11’s Cutting-Edge Commercial Smart City Infrastructure

Dubai, UAE, 14th September 2025, District 11, the visionary 3.5 billion AED smart work resort development by…

21 hours ago

Sandford Blair Capital Poised to Capitalize on Oracle’s AI-Cloud Breakthrough

Oracle’s Fiscal Q1 2026: A Landmark Quarter Lier, Flanders, 12th September 2025, ZEX PR WIRE,…

3 days ago

Countdown to Forex Expo Dubai 2025 – Your Chance to Take Home the Jetour X70 FL

Just Weeks Away From the Middle East’s Leading Trading Event, Returning October 6–7 at Dubai…

3 days ago

Dogecoin Pops As First U.S. Memecoin ETF Eyes Friday Debut

Dogecoin (DOGE) extended weekly gains as traders positioned for the REX-Osprey Dogecoin ETF (ticker: DOJE),…

3 days ago

World AI Show Returns to Kuala Lumpur with MDEC as Strategic Partner.

Kuala Lumpur, Malaysia, 12th September 2025, ZEX PR WIRE, The World AI Show is back…

3 days ago