BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral

Tokens of Shiba Inu-themed Floki can soon be used as collateral to borrow a basket of cryptocurrencies on Venus Protocol, the second-largest lending protocol on the BNB chain, Floki developers today told CoinDesk.

Venus provides a simple-to-use crypto asset lending and borrowing solution that allows users to directly borrow against collateral at high speed while losing less to transaction fees. It holds over $800 million in locked tokens as of Friday.

Source: Loan Digest (loandigest.net)

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