Floki Integration with Chainlink
Floki Integration with Chainlink, Floki is a community-powered ecosystem that aims to give people control of their finances through DeFi, NFTs, and the metaverse.
Floki is excited to announce that FlokiFi Locker — their token locking protocol — has integrated Chainlink Keepers on BNB Chain and Ethereum mainnets. By leveraging the decentralized smart contract automation service, they’re able to securely and reliably automate the token locking process. AS Floki Integration with Chainlink.
Securely Automating the Token Locking Process With Chainlink Keepers
Chainlink Keepers is a decentralized service purpose-built to manage tasks on behalf of smart contracts. FlokiFi Locker is using Chainlink Keepers to help automate the token locking process. When users deposit tokens and make a request to lock them through the UI, Chainlink Keepers help automate the backend smart contract processes. This creates an efficient token locking process that reduces the time engineers need to spend managing the protocol. And eliminates the need for centralized automation solutions that introduce a single point of failure to the platform.
Displaying Accurate Token Locking Prices With Chainlink Price Feeds
By leveraging Chainlink Price Feeds, they’re able to display token locking prices for over 500 assets across their multi-chain protocol. By leveraging the industry-leading price data solution, which underpins the DeFi economy, they’re able to display highly accurate, reliable, and decentralized price data on their protocol.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Their oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries. And offers global enterprises and leading data providers a universal gateway to all blockchains.
About Floki
Floki is the people’s cryptocurrency and a project that aims to disrupt the crypto industry. By providing solid utility while leveraging the power of memes to ensure mainstream appeal and adoption.
