

Here’s How to Stake Your Floki Tokens with DODO on BNB Chain and Ethereum

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Floki has collaborated with DODO platform to deliver $FLOKI staking on BNB Chain and Ethereum, with nearly $2.5 million locked and counting.
Floki Introduces $FLOKI Staking
Floki has made it possible for its community to stake $FLOKI and earn rewards on the DODO exchange.
“The community response to the staking has been overwhelming. Around $2 million worth of tokens were staked in a little over 24 hours,” B, a core Floki team member, told BSC News. “There has also been serious excitement over this in our community, indicating a demand for good staking options.”
The memecoin platform made the staking announcement on Sept. 30 and provided details on its partnership with DODO, which is is a cross-chain Decentralized Finance (DeFi) protocol and Decentralized Exchange (DEX) protocol with Total Value Locked of around $100 million, most of that on BNB Chain and Ethereum.
You can now stake your $FLOKI tokens and earn rewards on @BreederDodo 🔥#Floki has partnered with leading DeFi protocol $DODO to introduce staking to the #FlokiVikings.
— FLOKI (@RealFlokiInu) September 30, 2022
Full details here:https://t.co/zXCjTwzrpf pic.twitter.com/tkOVsCcrAM
According to the recent development, you can stake your FLOKI tokens on both BNB Chain and Ethereum. Additionally, the Medium article from Sept. 30 states that the current staking pool is open for 30 days, and the pool APY and rewards are based on the number of FLOKI tokens staked and how many people are involved at any given time.
It is possible to claim your rewards or unstake your tokens at any time. The current staking pool will be closing on Oct. 30.
$FLOKI Staking Methods
Let’s see how you can stake your $FLOKI through DODO:
Head to the Floki Website
You will find multiple options on the Floki website's top menu bar when you visit the website. Go ahead with the “Staking” option.

As soon as you click on Staking, you will see a page similar to this:

As you can see above, you can stake FLOKI on both BNB and Ethereum.
Make sure you have connected your wallet with the app before proceeding with any of the networks and have $FLOKI in your wallet to stake.
Stake $FLOKI on BNB Chain
Let’s go with BNB Chain. Following your selection of “Stake on BSC,” you will land on the DODO app staking page for $FLOKI, highlighting the Annual Percentage Return (APR). With more users participating in the staking pool, the APR tends to decrease.
At the time of publication, the APR was more than 20% on BNB Chain, with returns in $FLOKI. On Ethereum, the APR was more than 16%.

By clicking the 'Stake' button, you will be asked to enter the amount of $FLOKI you wish to stake.

Clicking on approve will prompt you to confirm the release of $FLOKI from your wallet.

You will receive a confirmation as soon as you approve the transaction:

As you can see below, you can also check out your staked assets by clicking on “My Staked”:

Over 130 billion $FLOKI have been staked on BNB Chain via DODO, which is worth just over $1 million at the time of writing. On Ethereum, more than 180 billion $FLOKI have been staked, worth more than $1.4 million.

You can also check out the YouTube video guide for $FLOKI staking from the Floki team:
However, according to some investors, putting capital in memecoins during a bear market might not be a good idea.
“Even assets with really good tech, really strong fundamentals, and really good networks and connections are getting absolutely killed in the market. So if they provide real value to the marketplace and they're getting destroyed, what is a memecoin going to do?” an ace investor and close aide to BSC News said.
However, in line with other major memecoins that are placing an emphasis on providing real utility to token holders, the Floki team is working to develop and roll out the Valhalla metaverse, Flokifi Locker, FlokiPlaces NFT and Merchandise Store, Floki University crypto education platform, and now $FLOKI staking.
The Floki team confirmed that more staking options are soon to be introduced, and they are currently in active discussions with partners.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options

This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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