blockchainreporter.net
YakDAO, a popular decentralized autonomous organization, has recently started a new partnership. The platform is reportedly collaborating with Floki Inu, the community that developed the meme token FLOKI, to leverage its FlokiFi Locker for locking $YAKS tokens. This move strengthens Floki’s Locker’s position in the wallet industry. Floki disclosed the respective partnership on its official X account.
With a substantial lock of $2.23M+, YakDAO joins the ranks of projects leveraging #Floki's revolutionary token locker, #FlokiFi Locker! 🔒
— FLOKI (@RealFlokiInu) May 6, 2024
The total locked value on @FlokiFi Locker has now soared to over $138 million, showcasing the widespread adoption of our DeFi locker… https://t.co/eFTuolRzU2 pic.twitter.com/f7SiJY6M1U
YakDAO Locks a Significant Amount of Tokens with Floki’s FlokiFi Locker
It pointed out that YakDAO has allocated a huge amount of tokens for this purpose. As per Floki, YakDAO has locked more than $2.23 million worth in 43M $YAKS tokens. With this remarkable development, YakDAO has obtained a significant position. In this way, the platform has become one of the projects that utilize the well-known token locker of Floki.
Following that development the value of the tokens that YakDAO locked started rising. As a result of that spike, the locked tokens’ value has recently jumped to the $138M spot. The respective event is quite optimistic. It displays the large-scale adoption of Floki’s extraordinary DeFi locker forum. While providing the information regarding this initiative to the community, the platform expressed confidence. Floki Locker adoption is continuously on the rise with growing confidence and demand.
The Initiative Will Potentially Increase Client Interest in the DeFi Locker of Floki
It asserted that the respective endeavor would pave the way for more interest from the community. In addition to this, the platform also described YakDAO. It noted that the company operates as the earliest recreational property decentralized autonomous organization. Floki added that the platform pays considerable attention to making eco-friendly and responsible investments.
According to Floki, the purpose of making such an investment is to prefer a clean environment and sustainability. However, it also disclosed that providing the information regarding this endeavor does not work as a project recommendation. It moved on to say that this does not even denote investment advice. Hence, it asserted that the token lock does not serve the endorsement of the project. On the other hand, it added, the post only explains how FlokiFi Locker operates.