ApeSwap becomes the first DEX on the BNB chain to secure liquidity pools with FlokiFi Locker

ApeSwap and Floki team members bring BSC News the details of the landmark partnership.

New security solution

Prominent BNB Chain Decentralized Exchange (DEX) ApeSwap has announced a partnership with Floki to use the project’s newly launched FlokiFi Locker to provide security for the liquidity pool (LP) of projects listed on ApeSwap.

ApeSwap will introduce FlokiFi Locker as the preferred LP locking solution for projects with entries on its platform. As announced by the development team, ApeSwap receives 10-15 listing requests from projects every day.

“ApeSwap has always had a strong focus on security. One of the ways they look after the security of their users is by having projects they work with that commit to freeze their LP tokens before using them in any way. This core tenant of the protocol works perfectly with the Floki team and their new world-class lock-up service,” Tarzan, Biz Dev Manager of ApeSwap, told BSC News.

Under the terms of the partnership, ApeSwap will adopt FlokiFi Locker as the primary LP token locking protocol for new projects beginning on its Launchpad platform, and ApeSwap will recommend FlokiFi Locker for LP locking for more mature projects listing on the DEX want.

“Floki’s partnership with ApeSwap is a strategic move we have taken to position our new, innovative digital asset locker protocol, FlokiFi Locker, as a leader in the industry,” said Floki Core Team Member B.

ApeSwap is the first DEX on BNB Chain to sign up for the newly launched FlokiFi Locker, providing a solid base for the security solution to branch out into many different ecosystems.

“FlokiFi Locker aims to be available on every major blockchain and we will have our first mainnet launch on 12 blockchains, which is more than what is offered by any other digital asset locker on the market today. We recently announced a partnership with CherrySwap, the leading DEX on OKXChain, which makes it very clear that we mean business and are ready to expand to other ecosystems and dominate in the industry,” B told BSC News. “ApeSwap is one of the largest DEXs on the BNB chain. They share Floki’s ideals of innovation and development, and are also ambitious about growth, so we are confident about their future and look forward to working with them,” said B.

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More liquidity support

In addition, Floki will coordinate the sale of “Treasury Bills” with ApeSwap to increase the initial liquidity offered to the ApeSwap platform. The Treasury Bills program is a liquidity mining product from ApeSwap.

“ApeSwap is incredibly proud to welcome Floki Inu to the jungle as one of our premier partners building sustainable, protocol-native liquidity through our innovative Treasury Bills product. We can’t wait to see Floki’s [proof of liquidity] are growing and look forward to their long-term success,” said Julian, ApeSwap Biz Dev Lead.

Treasury Bills are Non-Fungible Tokens (NFTs) that allow holders to buy tokens at a discount in exchange for their LP tokens. Treasury Bills reward tokens will vest over a period of time. Learn more here.

Currently, the FLOKI-BNB Jungle Bill is offered at a 17.58% discount with a 30-day lock-up period.

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What is ApeSwap:

ApeSwap is a leading DEX on BNB Chain that offers users quality trading experiences. ApeSwap is a mix of decentralized exchange, yield farming, staking and an automated market maker (AMM). ApeSwap users can participate in its liquidity pool offerings via yield farming to earn their native BANANA token. These earned tokens can be used to wager and earn other tokens and unlock deluxe features.

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For more information on ApeSwap, see the platform’s media links:

Website | Twitter | Medium | telegram

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What is Floki:

Floki started with a tweet from Elon Musk. When the billionaire announced he would be naming his Shiba Inu pup Floki, a flood of “Floki” dogcoins ensued. The most successful of these is Floki. Floki is currently the third most popular meme token on the market after Dogecoin and Shiba Inu. It is backed by a community of dedicated enthusiasts and a strong marketing campaign.

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Where to find Floki:

Website | Twitter | Telegram | discord

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