- Floki Inu integrates Chainlink services to power its FlokiFi Locker.
- The integration will enhance the protocol’s productivity and makes its data more accurate.
- Chainlink Keepers will be integrated on both BNB Chain, Ethereum, and Polygon.
Floki Inu (FLOKI) has made the announcement that their token-locking protocol, known as FlokiFi Locker, would now include the Chainlink Keepers and Chainlink Price Feeds services.
According to the blog post, the Chainlink Keepers will assist in securing and providing stability to FlokiFi (Floki FInance) Locker’s token locking process, and the Chainlink Price Feeds has now been extended to include compatibility with BNB Chain, Ethereum, Arbitrum, Polygon, Avalanche, Fantom, Optimism, and Heco. Because of this, the ecosystem is now capable of displaying its token locking values for more than 500 different virtual currencies.
FlokiFi Locker will use the solution provided by Chainlink Keepers, which is a decentralized service that is particularly built to handle the responsibilities of smart contracts. This will allow FlokiFi Locker to automate and enhance the productivity of its token locking activities. The on-chain dependability and uptime, cheap transaction fees, decentralized execution, and extendable compute will also be beneficial to the ecosystem.
The blog post went on to say that The Chainlink Pricing Feeds will also be very important for FlokiFi Locker. According to the article, this is because the platform’s DeFi ecosystem will be tapping into a price data service that is the most advanced in the market for its multi-chain protocol. Users of Floki will then be able to make use of precise and trustworthy pricing data derived from external sources once these have been implemented.
Speaking about this development, B, Core Contributor of Floki, said:
“As an innovative DeFi protocol that prioritizes security, decentralization, and transparency, the industry-leading Chainlink is the default oracle network we considered. We’re excited to use Chainlink Keepers to help automate our token locking process, and Chainlink Price Feeds to help display accurate token prices.”
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
