

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

.jpg)

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.
Author
Related News


PancakeSwap v3 Launches on BNB Chain’s Layer2 Network, opBNB

The launch of PancakeSwap v3 on opBNB promises users enhanced transaction speeds, reduced fees, and an overall improved trading experience.
On September 28, PancakeSwap Decentralized Exchange (DEX) announced the launch of PancakeSwap v3 on BNB Chain’s Layer2 network, opBNB. The announcement was made official through a post on its official X account and shared details via its blog.
🐰PancakeSwap v3 has officially launched on opBNB @BNBCHAIN!
— PancakeSwap🥞Everyone's Favorite DEX (@PancakeSwap) September 28, 2023
🔀Trade with fees as low as 0.01%
🥈Provide liquidity to the 2nd largest DEX
⛽️Transfer with gas fees as low as $0.005
👉Learn more: https://t.co/nvu7sZk0L7
🎥: https://t.co/xllWcW0fu2 pic.twitter.com/6QJWp4RdAt
According to the protocol’s blog, the new PancakeSwap v3 on opBNB promises traders and liquidity providers a host of benefits. These include the opportunity to trade with reduced fees, enjoy increased returns, and experience enhanced capital efficiency. Further, the Layer2 network ensures these advantages are delivered with high throughput and minimal gas fees.
opBNB, which powers this new integration, is built on the bedrock version of Optimism’s OP stack. It stands out as a swift Layer2 solution within the BNB Chain ecosystem.
Addressing the Layer1 Limitations
One of the significant challenges with numerous Layer1 blockchains has been handling high transaction volumes. With the introduction of opBNB on PancakeSwap, this issue is addressed.
The opBNB network boasts the capacity to handle over 4,000 Transactions Per Second (TPS). Additionally, it offers a minimal gas fee, which can go as low as $0.005. This ensures improved throughput and scalability for users.
In the words of the DEX, “PancakeSwap on opBNB offers a scalable solution; the opBNB network accommodates over 4,000 TPS and reduces gas fees to under $0.005 for transfers. Users enjoy improved throughput without sacrificing decentralization by offloading processing to Layer 2 while posting data to BNB Smart Chain.”
Expanding the DeFi Space
This recent integration marks opBNB as the sixth Layer2 network to be deployed on PancakeSwap v3. This expansion provides users with a broader range of options in the Decentralized Finance (DeFi) space.
Chef Mochi, the Head Chef of PancakeSwap, shared insights on this development, stating that the integration showcases the DEX’s dedication to promoting widespread adoption and empowering users in the cryptocurrency arena.
“By joining forces with the opBNB, PancakeSwap is pleased to bring users more accessibility and functionality than ever before. Our decision to launch on opBNB reflects our continued commitment to driving mass adoption of DeFi, empowering users, and fostering a vibrant DeFi community,” Mochi said.
The launch of PancakeSwap v3 on opBNB is a significant step forward in the DeFi space, promising users enhanced transaction speeds, reduced fees, and an overall improved trading experience.
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.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Sign Up Now

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%