The Floki community seems to be very enthusiastic for a really long period of time about “Project L,” an unexplained utility protocol that they have been developing. We must first discuss FlokiFi before we delve into what Project L is. A group of decentralized finance products that will be introduced under the Floki brand is collectively referred to as FlokiFi.
Floki Finance is abbreviated as FlokiFi. It is the best way they can come up with to define a line of useful products they’ll be releasing, which will turn FlokiFi into its own eco-system within the larger Floki ecosystem. The eagerly awaited Project L protocol would be the first utility product to go on sale underneath the FlokiFi brand.
As per the DeFi latest statistics DeFiLlama, the Total Value Locked (TVL) for the DeFi market is presently 90 billion dollars. It was stated to be $251.56 billion at the height of the bullish trend. The fascinating part is that such an amount only captures just a small portion of the true worth in the DeFi sector.
Real DeFi TVL would’ve been MUCH greater if you included the numerous new tokens as well as protocols that are being introduced each day, in addition to the value being generated in the NFT sector: as per Token Sniffer, more than 1.64 million tokens have also been generated all across leading blockchain systems, and lots of new tokens are generated each month.
That is indeed a LOT of worth, so it’s not shocking that the DeFi sector is rife with theft cases, money-loss ploys, and rug-pulling tactics.
The FlokiFi Locker, a cutting-edge digital asset locker option, goes by the pseudonym Project L and enables users to lock and protect Liquidity Pool (LP) tokens, fungible tokens (ERC-20/BEP-20 tokens like FLOKI), NFTs, as well as Multi tokens.
The FlokiFi Locker is unquestionably the best and most inventive crypto locker available on the market right now. The FlokiFi Locker not only offers more innovation than virtually every other digital asset locker solution on the market right now, but it also offers more affordable processing fees.
The FlokiFi locker’s trading fees are broken down as follows:-
- A 50 USDT fixed charge for every transaction is required to lock a token.
- A 100 USDT fixed charge for every transaction is required to lock an NFT.
- Locking a multi-token (ERC-1155) has a set fee of 100 USDT per transaction.
- A set charge of 100 USDT for every transaction to vest a token or multiple tokens.
- 0.5 percent of the value of the LP is the set fee to lock/vest LP tokens.
The FlokiFi Locker is expected to have far greater implementation and to become the dominant player in the industry in the coming years thanks to Floki’s good brand placement and industry positional awareness as well as remarkable advertising and economic expansion.