FlokiFi Locker secures $250,000+ of $OGGY

OGGY recently joined hands with Floki to lock its tokens with Floki’s crypto locker protocol. The platform has decided to lock 250,000 dollars worth of $OGGY with FlokiFi Locker.

Both OGGY and Floki shared the news on their respective X/Twitter accounts. The tweet by OGGY read that the platform is locking 15,120,000,000 OGGY tokens on FlokiFi for a month. However, Floki quickly clarified that the activity does not mean Floki endorses the platform.

Users should see the development as a highlight of Floki’s crypto locker protocol, FlokiFi Locker. The news came shortly after Floki’s tweet about FLOKI staking crossing 41.35 million dollars in TVL (total value locked).

It has only been a couple of days since Floki launched its staking program. Now, the platform has collected over 41.35 million dollars worth of FLOKI tokens. These tokens have been staked for at least 3 months. The maximum staking period available for the program is 4 years.

With the development, Floki managed to stake 12% of its circulating supply. This has limited Floki’s market supply for the foreseeable future.

Shortly after, Floki joined hands with the emerging venture, OGGY. The integration has also promoted FlokiFi Locker among users.

On the other hand, OGGY has been actively trying to build its brand online. The project became one of the early ventures to join hands with FlokiFi Locker. Despite its recent market emergence, OGGY has developed a tight-knit community.

Its affiliation with Floki is sure to bring more attention to OGGY Inu. At the same time, Floki is trying to capitalize on its growing market popularity to gain more traction. That is why the platform is releasing more updates and partnerships quickly.

Given the current market standing of the projects, their collaboration is expected to be a great hit.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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