Floki Partners With Chainlink to Secure Token Locking Process

Floki team: Chainlink integration will “enhance the integrity of the FlokiFi Locker protocol.”

Chainlink Keepers and Price Feeds

On Aug. 15, Floki announced that it had integrated products from oracle giant Chainlink with its newly launched FlokiFi Locker on BNB Chain and Ethereum mainnets. 

With the support of Chainlink, FlokiFi Locker can move forward with the ability to automate the token locking process in a secure and reliable way.

“We feel excited to be working with Chainlink to enhance the integrity of the FlokiFi Locker protocol. Chainlink is by far the biggest decentralized oracle solution in the world as well as the best and most reliable,” Floki Core Team Member B told BSC News.

When users submit tokens and request to lock them through the user interface, Chainlink Keepers help to automate backend smart contract processes. The idea is for Chainlink Keepers to enable an efficient token locking process that reduces the time it takes Floki engineers to test and manage. 

Additionally, Chainlink's Price Feed allows FlokiFi Locker to display the prices of more than 500 assets on the project's multi-chain protocol.

“We've made it clear that we're building both an innovative digital asset locker protocol as well as the very best in the industry, and our Chainlink integration is a key part of what makes this possible. We're integrating Chainlink Keepers which will help automate certain key transactions of the FlokiFi Locker protocol as well as their price feeds to display accurate and tamper proof data for assets locked in the protocol,” B said.

The Floki team says they have now expanded the use of Chainlink Price Feeds to Arbitrum, Avalanche, Fantom, Heco, Optimism, and Polygon, following deployment on BNB Chain and Ethereum in March 2021.

“We're excited about FlokiFi Locker and have a lot more planned both to ensure it is the very best digital asset locker protocol as well as to ensure massive adoption of the protocol!" B said.

What Is Floki:

Floki 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. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

Where to find Floki:

Website | Twitter | Telegram | Discord

What Is Chainlink:

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink’s Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit: | Solutions | Docs | Twitter | Discord | Reddit | YouTube | Telegram | GitHub 

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