Floki, Thena Forge Partnership to ‘Turbocharge’ DeFi on BNB Chain

DeFi

Floki Hearts Thena

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.

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What is Thena Finance:

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.

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What is Floki:

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.