InvestDex partners with Floki to add FlokiFi to its platform
InvestDex recently announced a partnership with Floki. The crypto workstation is integrating the FlokiFi protocol into its platform.
By integrating the FlokiFi Locker into Pair Explorer, InvestDex will facilitate better visibility of every project using the locker. It also helps users to easily track their virtual assets across both platforms. This will also facilitate better asset management with access to features offered by both platforms.
In addition, the launch of the latest launchpad by InvestDex, Investpowerlabs.com, will also use FlokiFI Locker as its preferred protocol. The launchpad will use the protocol to lock LP tokens for upcoming projects.
The collaboration is also assisting both companies in increasing the adoption of FlokiFi Locker. Seeing how quickly Floki has become a market phenomenon speaks volumes about its usability. The platform is ranked 104 on CoinMarketCap with a massive market cap of 346 million dollars.
FlokiFi Locker, Floki’s latest product in DeFi, has also made huge strides in the industry. The virtual asset locker is also about to secure around 40 million dollars in TVL (total value locked.)
Known as a virtual asset security protocol, FlokiFi Locker facilitates the locking of NFTs and tokens in smart contract vaults. It supports 12 EVM-compatible networks, including Optimism and Polygon. The protocol also conducts the locking of multiple assets in one transaction because of ERC-1155 implementation.
Once the assets are locked, the withdrawals are restricted for a while. It secures users from panic selling and rug pulls. These functionalities make FlokiFi Locker a vital addition to the InvestDex ecosystem.
As the first crypto workstation that manages assets while focusing on DeFi, InvestDex will optimally leverage the features of Floki. Given their market standing and popularity, the partnership is expected to be a massive hit.