Floki Announces Major Platform Upgrade Amidst Ongoing Floktober Excitement

by BSC News

October 17, 2023


As ‘Floktober’ unfolds, Floki announces a major upgrade designed to supercharge the functionality and capabilities of its locking protocol…

A release shared with BSC News ahead of time confirms the completion of a major upgrade to FlokiFi Locker - a cryptocurrency locking platform, backed by the well-known Floki brand.

As a result of the update, FlokiFi will now support assets hosted on two additional up-and-coming blockchain networks - Base, and opBNB. This brings the total supported networks to 14, with 12 other ecosystems, including Ethereum, BNB Chain, Arbitrum, Optimism, and Polygon, already integrated with the platform.

In addition to bringing Base and opBNB into FlokiFi’s arsenal, the update opens up a host of additional features to the FlokiFi platform and community. Below is a list of said features, as shared with BSC News:

  • Referral Program: Anyone can automatically generate a referral link directly from the FlokiFi website and earn 25% of fees from token and LP locks that happen through their referral links. Getting a referral link is quick and seamless. Anyone can do it; there is no minimum or maximum amount of lock value you are required to refer to get paid, and payments are automatically sent upon the completion of a lock.
  • Support for Native Payments: The initial version of FlokiFi Locker only allowed payment of fees for token locks in USDT. With this upgrade, anyone can pay FlokiFi Locker fees directly with the native token of the chain they are locking assets on. This will boost adoption by lowering the barriers to locking an asset, as users no longer have to purchase USDT or USDC before locking their assets.
  • Support for V3 Positions NFT LP tokens: This update allows users to lock V3 LP tokens (also known as V3 Positions NFTs) directly through the FlokiFi Locker app.
  • Extend Locks: You can now extend locks for assets locked with FlokiFi Locker for however long you want, even if the duration for the locks have yet to expire.
  • Burn Functionality: You can now directly burn your LP tokens, fungible tokens, NFTs, and ERC-1155 tokens through the FlokiFi Locker app.

The update to the FlokiFi platform is just one of many developments and announcements expected to be released by the Floki development team as part of ‘Floktober’ - an initiative that reflects the way in which October has historically proved a boon to the Floki ecosystem. 

What is FlokiFi Locker?

According to the Floki team, FlokiFi Locker is a crypto locker protocol for locking Liquidity Pool (LP) tokens, fungible tokens, NFTs, and multi tokens. It is a secure protocol audited by the industry’s top security auditor, Certik.

FlokiFi Locker is the industry’s most innovative crypto locker protocol and is backed by the strong Floki brand.


Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article