So, The team behind the meme cryptocurrency Floki Inu announces has integrating Chainlink ($LINK). Also, together with its oracle inorder to enter the DeFi space. Thereby, having access to offer holders massive and unlimited possibilities.
Furthermore, the Floki Inu Twitter account points out that smart contracts as a “great innovation”. Then, it is limited as to what it can possible take due to its “inability to access off-chain data.”
So, according to the Floki Inu Twitter account, An oracle will solve the problem by
“feeding them real world data in a way they can understand.”
More so, The Floki Inu team adds that Chainlink is the “biggest and most respected of these oracle solutions”
Also, it has a market capitalization at around $11 billion. Thereby, assisting to “secure over $75 billion worth of smart contracts,…”
“ensuring secure access to tamper-proof, up-to-date,..”
“and accurate market data at all times.”
Additionally, this new integration, according to the Floki Inu team, will permit token holders to stake. Also, to lend, and borrow while making use of their tokens.
“In other words, thanks to this Chainlink integration and the DeFi integrations…”
“it will facilitate, you will be able to use your #FLOKI tokens as collateral and borrow loans against them…”
“— possibly never having to sell your tokens. We know this is a big deal to a lot of people!”
— Floki Inu (@RealFlokiInu) December 3, 2021
Lastly, as per information from the FLOKI team, the Chainlink integration
“has been a long time in the making,..”
“and we have been in talks with several DeFi solutions for a while now.”
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