Crypto Traders Are Earning 165% Yields By Staking a Token Named After Elon Musk’s Pet

Floki was released in 2021 as a meme coin named after Elon Musk’s pet, Shiba Inu, but has morphed over time to position itself as a serious decentralized finance (DeFi) project. Decentralized finance is an umbrella term for lending and borrowing carried out on the blockchain without the use of intermediaries.

Original Source: https://www.coindesk.com/markets/2023/11/07/crypto-traders-are-earning-165-yields-by-staking-a-token-named-after-elon-musks-pet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines