DeFi
Open Leverage Collaborates with Floki and Others
After unveiling its permissionless liquidity market to the Decentralized Finance (DeFi) space, Open Leverage has launched the “Genesis Permissionless Liquidity Market” giveaway campaign for users in the blockchain industry.
The lending and margin protocol partnered with numerous DeFi platforms, including Floki, to reward users who utilize its features. According to the platform’s thread on Twitter, partners will provide their tokens for users who lend or borrow on pairs with the tag “Genesis Market.” Further, a total of 1.45M in the protocol’s native $OLE token is up for grabs for users.
As part of the partnership with the MemeFi platform, $FLOKI is now integrated into the Open Leverage ecosystem. This means that $FLOKI holders can utilize their tokens as collateral to borrow assets on the platform. The Co-founder of Floki, B, was excited at the collaboration, becoming the first set of tokens integrated into the protocol.
“We’re excited to collaborate with Open Leverage as one of the first sets of tokens they integrated for their Genesis Permissionless Liquidity Market. Open Leverage is doing pretty innovative stuff on the BNB chain, which we really love, so we’re happy to be a part of this!” B wrote.
Open Leverage expects the Floki community to participate in the campaign and earn rewards, including partners like RACA, BabySwap, BiSwap, Space ID, and Mdex. So, BNB Chain users can borrow assets with other partner tokens as collateral on the platform and earn big.
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.
