Community Trust ScoreVerified
Talks about Inverse is brewing after $44 million worth of Floki Inu tokens made their way to a new liquidity pool on decentralized finance (DeFi) project Inverse Finance in less than 24 hours of its launch.
Inverse Finance founder Nour Haridy in his tweet expressed: “There are over 370,000 unique FLOKI holders, many of which are not DeFi users The FLOKI x Inverse partnership unlocks DeFi to a new diverse community of crypto users.”
For clarity, this news is interesting because all of this is happened within just 24 hours of its launch. This is massive TVL in the making and those who are seasoned in DeFi mining know this is indeed a great job.
Da Viking expressed: For a very long time DeFi has been restricted to the crypto elites, whales, and OGs when in reality DeFi can only go mainstream when the masses adopt it, and Inverse Finance is pioneering and leading the industry in this regard through its FLOKI integration.
Now, what do you think will happen if Inverse Finance introduces more rewards into its FLOKI pool and significantly boost its APY?
What do you think will happen if other forward-thinking DeFi protocols realize the value widely adopted crypto assets like FLOKI provide and create stronger pools with impressive APYs? The possibilities are endless!
At this point it is very clear that FLOKI is more than just a memecoin, and its grand entry into DeFi has positioned it as a strong potential partner to DeFi protocols that want mainstream adoption.
However, if the DeFi space will grow, DeFi protocols need to go where the users are — and push for mainstream adoption. Partnerships with mainstream projects like FLOKI, widely embraced by retail, is the best way to do this!
Community Response: What’s the point of putting Floki into staking for an APY of less than 1%? If I stake, would I still get reflections on Floki? I feel like I would need 1b Floki to even recoup the costs of fees in a month.
For clarity, Inverse Finance aka Inverse is part of the new wave of decentralized banking and finance. From a capital-efficient money market, to tokenized synthetic assets, their mission is to help token holders grow their wealth further by starting to earn further with Inverse by borrowing, lending and earning.
Inverse has partnered with several leading cryptocurrency and DeFi protocols. They also facilitate a suit of banking tools for the DeFi Generation.
For clarity, Inverse.finance has been created by a sole developer in December 2020, and ever since it has grown to consist of several hundreds of active DAO members who were voting on the direction of the organization.
Their vision is to establish one of DeFi’s major financial ecosystems giving users of all levels inclusive access to meaningful opportunities spanning a variety of innovative, DAO-owned protocols, all governed by an empowered INV community.
