$2M Worth of Floki Token Staked on DODO DEX After 24 Hrs

  • Floki community can now start earning rewards by staking their token via DODO DEX.
  • After a day, Floki has registered more than $2 million worth of Floki tokens staked.
  • The team also plans to launch more staking options in the future.

Floki, a dog-themed meme coin, collaborated with leading DeFi protocol DODO to launch the staking feature upon the DODO exchange. This means that Floki token owners are now able to earn rewards by staking their tokens on DODO exchange.

DODO is a cross-chain DeFi protocol and Decentralized Exchange (DEX) funded by leading investors, such as Binance Labs, Coinbase Ventures, Alameda Research, Galaxy Digital, and many more. DODO protocol has reached more than 1.8 million users, has an all-time volume of $87.5 billion, and an overall market cap of $100 million. Furthermore, its decentralized trading protocol has also been audited by PeckShield, Certik, and Slowmist.

After barely 24 hours since the staking pool went live, Floki impressively registered more than $2 million worth of Floki tokens in the Floki staking pool on DODO. This means that the popular dog coin, inspired by billionaire Elon Musk, has reached its vast community known as the “Floki Vikings.”

According to Floki’s announcement post, the current staking pool is open for 30 days, this means that users can only stake their Floki tokens on DODO up until October 30th. Users can also claim their rewards and/ or unstake their tokens at any moment. 

Meanwhile, the rewards from staking will depend on how many Floki Tokens are being staked, along with the people staking at the time. The Floki team disclosed that they’ll be introducing more staking options in the future.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.