Floki Inu Integrates With Chainlink To Enter The DeFi World

The team behind the Floki Inu (FLOKI) meme coin has announced an integration with Chainlink (LINK) and its oracle in an effort to enter the decentralized finance (DeFi) space and thus offer numerous opportunities for cryptocurrency holders.

The integration, according to the Floki Inu team, will provide token holders with the ability to stake and lend with their tokens. Integration with Chainlink, as such, will allow FLOKI holders to use their funds as collateral over DeFi protocols and take out loans without losing cryptocurrency.

Soon, users will be able to use their FLOKI tokens as collateral in the DeFi protocol and take a loan in USDT, ETH, BTC, or some other cryptocurrency.

Image: Medium