Proposal to Establish FLOKI Lend Pool on Venus

Proposals
1

Summary

Floki proposes the addition of a FLOKI Lend pool within Venus with the recommended markets: Floki ($FLOKI), TokenFi ($TOKEN), Venus Token ($XVS), Tether ($USDT), USD Coin ($USDC), and Ethereum ($ETH).

Background

Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. The Floki Ecosystem currently includes:

  • Valhalla: A PlayToEarn metaverse game, which has led to FLOKI being ranked as the industry’s most popular metaverse cryptocurrency according to CoinMarketCap.
  • FlokiFi Locker: An innovative crypto locker protocol with a TVL of $100 million.
  • The Floki Trading Bot which charges a 1% fee, 50% of which buys and burns $FLOKI tokens.
  • University of Floki: A crypto education platform.

With over 495,000 holders, Floki has established a strong mainstream brand recognized by over 3 billion people via partnerships with major sports teams and other strategic marketing initiatives.

TokenFi is Floki’s second project that is taking on the Real World Assets (RWA) industry which is projected to be worth $16 trillion in the future.

Recommended Markets for Floki Lend Pool

  • Floki ($FLOKI)
  • TokenFi ($TOKEN)
  • Venus Token ($XVS)
  • Tether ($USDT)
  • USD Coin ($USDC)
  • Ethereum ($ETH)

Benefits

  • Enhanced DeFi Opportunities: Permits $FLOKI & $TOKEN holders to utilize their tokens as collateral within Floki Lend, granting access to liquidity.
  • Expansion of Venus Network: Engages with Floki’s rapidly growing network of almost 500,000 holders, which primarily comprises retail users experiencing DeFi for the first time.
  • Floki will be integrating the FLOKI Lend Pool on the Floki website, which should help accelerate the usage of the pool and also introduce Venus to potentially millions of new retail users.

Incentives

To encourage adoption and attract more users to the Venus Platform, Floki will offer Floki ($FLOKI) and TokenFi ($TOKEN) tokens as incentives.

Specifications

Floki Liquidity

  • PancakeSwap: ~$19.77 million
  • Apeswap: ~$906,000
  • Biswap: ~$707,000

TokenFi Liquidity

  • PancakeSwap: $6.7 million

Additional Information

Social Media

About TokenFi

Social Media

6 Likes
2

this is huge suggestion.floki has a very big community. if floki’s tokens listed at vemus protocol, their community will come to us

3

I am excited about Floki’s proposal. The integration of a FLOKI lending pool on Venus has the potential to further strengthen our community and expand liquidity opportunities. I applaud Floki’s efforts and the Venus team, and I look forward to seeing how this collaboration benefits all token holders. Onward with this initiative! :rocket::star2:

4

sounds like a great idea, to increase liquidity. sure a large portion of Floki holders want more options for loans.

5

Interesting idea! Maybe we can try to open Floki isolated pool~

6

In order to move this proposal into a higher phase of maturity where it can be considered seriously it needs quantifiable detail on numerous items; for example, about the incentives rather than merely mentioning there will be some.

It also should come with a specification regarding bootstrap liquidity. In my personal opinion the bootstrap liquidity should be committed to this endeavor for at least 1 year, ideally 2. And, given the surface area and overhead it adds to the maintenance of Venus, the liquidity commitment should, in my opinion, be 9 figures, in order to justify launching a new pool dedicated to this asset.