BNB
by BSC News
March 13, 2023
Floki and Thena have joined forces in an alliance of two of the hottest projects on BNB Chain.
Two of the most ambitious projects in crypto have joined forces to shake up the Decentralized Finance (DeFi) scene on BNB Chain. Floki and Thena announced a partnership, with Thena becoming Floki’s preferred Decentralized Exchange (DEX) and FlokiFi becoming Thena’s recommended liquidity locker.
According to a Medium post from Floki, Floki will recommend Thena as its preferred BNB Chain DEX and will work to prompte the $FLOKI liquidity pool on Thena.
Additionally, Thena has vested 12.5 million THE tokens (worth ~$7.6 million) with the FlokiFi locker. Going forward, Thena will recommend that its partner projects use FlokiFi and will offer incentives accordingly.
Floki and Thena joining forces is a marriage between two red-hot BNB Chain protocols. The MemeFi project and upstart DEX have both posted increases in Total Value Locked (TVL) in 2023.
According to DefiLlama, Thena’s TVL has grown by 40% in the past month and now stands at more than $135 million. Meanwhile, FlokiFi’s TVL recently surpassed the $34 million mark. The additional tokens vested by Thena will push that amount even higher.
THENA is a decentralized exchange ecosystem on BNB Chain. THENA is designed to be the native liquidity layer of BNB Chain. The protocol seeks to build partnerships that enable a decentralized and open-source economy and builds on a collaborative strategy to solve the liquidity problem for projects.
Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the market's third most popular meme token, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Related News
Latest News
September 11, 2024
PancakeSwap Launches AI-Powered Prediction Bot on Telegram
September 11, 2024
FLOKI Completes $CAT Airdrop, But an Error Leaves Some Users Tokenless
September 11, 2024
Standard Chartered Enters UAE Crypto Market with Custody Services for Bitcoin and Ethereum
September 11, 2024
Indodax Exchange Loses $20.5M in Suspected Lazarus Group Cyberattack
September 10, 2024
Paxos to Bring Regulated Tokenization Platform to Arbitrum
September 10, 2024
Sonic Blockchain Targets $11T Unsecured Lending Market With Credit Scores for Digital Wallets
September 10, 2024
FBI Finds Crypto Fraud Losses Hit $5.6B in 2023, Up 45% from 2022
September 10, 2024
a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort
More News