Folks Finance Launches Crosschain Lending Markets for SHIB
Folks Finance is pleased to announce the addition of Shiba Inu (SHIB) to xChain, its crosschain lending platform. Users can now deposit SHIB, use it as collateral, and borrow against it between different chains on Folks Finance.
This integration marks the first time a memecoin has been made available for crosschain deposits, collateralization, and borrowing. Incentives are live for depositors.
By expanding asset support to SHIB, Folks Finance continues to offer users the utility they request, now extending it to one of the most popular community-driven tokens. This integration is powered by Chainlink CCIP, ensuring cross-ecosystem functionality without the need for wrapping, bridging, or dealing with liquidity fragmentation.
Chains where SHIB is available: Avalanche, Ethereum, Base, Arbitrum, BNB Chain
Folks Finance remains committed to delivering a transparent, decentralized DeFi platform that empowers users across multiple chains. With SHIB, the platform reinforces its goal of providing diverse opportunities for lending, borrowing, staking, and trading.
To start utilizing SHIB on Folks Finance, visit xapp.folks.finance today.
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Folks Finance offers crosschain lending, borrowing, staking and trading across a range of elite blockchains. Folks is building a DeFi platform with the security and optionality of traditional finance on a foundation of transparency and decentralization, empowered by onchain tech.
Additional updates about xChain, incentive programs and opportunities relating to the launch will be shared on Folks’ social media. Be sure to follow the Folks X, join our Discord, and Telegram to stay updated with Folks Finance’s news.
