FlokiFi
FlokiFi is the umbrella name for a suite of decentralized finance products that will be launching under the Floki brand.
Last updated
FlokiFi is the umbrella name for a suite of decentralized finance products that will be launching under the Floki brand.
Last updated
FlokiFi is the umbrella name for a suite of decentralized finance products that will be launching under the Floki brand.
FlokiFi is short for “Floki Finance”. It is the perfect way we can think of to describe a series of utility products we will be launching that will make “FlokiFi” an ecosystem itself within the wider Floki Ecosytem.
The first utility product that will be launching under the FlokiFi umbrella is the FlokiFi Locker protocol.
FlokiFi Locker is an innovative digital asset locker solution that allows people to lock and vest fungible tokens (ERC-20/BEP-20 tokens like FLOKI), Liquidity Pool (LP) tokens, NFTs, and Multi tokens.
The FlokiFi Locker is by far the most superior and most innovative crypto locker solution in the market today.
Besides allowing users to easily lock and vest LP tokens and normal fungible tokens, here are other key features that set the FlokiFi Locker apart compared to other solutions in the industry:
Lock NFTs. This includes an innovative “batch lock” feature that allows users to lock multiple NFTs in a single transaction.
Lock and vest tokens for an almost infinite period of time through the UI. Competitors tend to limit the period of time users are allowed to lock their tokens to a couple hundred years, which is why the Floki LP tokens were locked for just 265 years (the maximum period possible with the solution we used). The FlokiFi Locker lets users lock tokens for a practically infinite period of time; you can lock for 420 years (for the culture!) or for billions of years (or much longer!) just to make a statement that your LP tokens will be inaccessible for as long as humans would exist.
FlokiFi Locker is the FIRST and ONLY token locker protocol to implement the ERC-1155 multi-token standard.
The ERC-1155 standard allows you to have different types of assets — both fungible (ERC-20) and non fungible (ERC-721) — with different quantities in a single contract. This is something that can be pretty game-changing for blockchain games and other protocols. This is innovation right here!
Lock multiple assets in a single transaction: FlokiFi Locker makes it possible for users to lock multiple different assets/asset types in a single transaction. It is also currently the first and only locker protocol that can do this.
The FlokiFi Locker supports more EVM compatible blockchains than other locker solutions in the market right now. The list of supported blockchains include: ETH, BSC, Polygon, Fantom, Avalanche, Optimism, Arbitrum, EVMOS, Cronos, Kucoin Community Chain, OKXChain, and Dogechain.
Besides being more innovative than practically every other digital asset locker solution in the market today, the FlokiFi Locker also has more competitive transaction fees.
Here’s a breakdown of the transactions fees for the FlokiFi locker:
Fixed fee to lock a token: 50 USDT per transaction.
Fixed fee to lock an NFT: 100 USDT per transaction.
Fixed fee to lock a multi-token (ERC-1155): 100 USDT per transaction.
Fixed fee to vest a token or multi-token: 100 USDT per transaction.
Fixed fee to lock/vest LP tokens: 0.5% of LP value.
While users will be able to pay FlokiFi Locker transaction fees with USDT initially (and eventually any cryptocurrency), the protocol will be inherently powered by FLOKI tokens: specifically, 25% of the transaction fee automatically does a transactional buy and burn of FLOKI tokens — making the FLOKI token perpetually deflationary. The remaining 75% goes to the Floki treasury.
For example, assuming a project with $1 million in liquidity locks its LP tokens with the FlokiFi Locker, a 0.5% fee is charged: that’s $5,000 for that one transaction! 25 percent of that is used for an automatic transactional buy and burn of FLOKI tokens to “power” the protocol while the rest goes to the treasury.
This quickly adds up!
This utility-based tokenomic structure of the FlokiFi Locker has two major advantages:
1. The FlokiFi Locker’s utility-focused, transactional buy and burn mechanism makes the FLOKI token perpetually deflationary. It also creates perpetual demand/buy pressure for the FLOKI token, further establishing it as a utility token.
2. The FlokiFi Locker’s transactional “refilling” of the Floki treasury (75% of transaction fees goes to the Treasury wallet) indicates a key step we’re taking towards ensuring industry dominance: the beginning of a focus on utility-based revenue generation that leads to the eventual complete removal of the 0.3% buy/sell tax and gives Floki a strong, competitive advantage in the industry.
At Floki we don't just build quality and innovative utility products that make crypto safe and easy to use, we also work strategically towards ensuring adoption for these products.
This is why we have partnered with the biggest and the best in the industry to ensure adoption for our products.
Key FlokiFi partners include:
Trader Joe. The biggest DEX on AVAX with peak TVL of $4.5 billion.
Fantom. Major L1 blockchain with peak TVL of $14.57 billion.
SpookySwap. The biggest DEX on Fantom with a bull market peak TVL of $1.66 billion and that has processed over $62.1 billion in volume.
CoinStats. Popular crypto tracker app with over 1 million users.
ApeSwap. Popular BNB Chain DEX with peak TVL of $663 million that has processed over $17.3 billion in volume.
These are just a few of the current FlokiFi partners that will be using or recommending FlokiFi Locker to projects in their ecosystem.
The FlokiFi treasury and all key FlokiFi contracts are held in the following FlokiFi multisig addresses:
ETH: 0xf5d492fFBeC47DB69333A6812bEc227B6f670A86
BSC: 0xE33Ee27a75c31511E7B91fb05e1091dAA626B4D4
FTM: 0x6817B11B7292120818213F627CC6ED330fEC3DF1
AVAX: 0x9CdaC53df578D3BDA98fe41Fc2CD6CEEB28DA644
Polygon: 0x76415004e851de4f7Da7Aad3f066e5cD6572062d
Optimism: 0xFBeC9991F2ef1e5cC3A408E2555c00958B159C76
Cronos: 0xFBeC9991F2ef1e5cC3A408E2555c00958B159C76
Arbitrum: 0xc9ddEC022Bf430d61E356677EDDDaA5696d636eF
Evmos: 0xC9BB22b7D08169CEF26Ec71bE509f4Ce4E8348fD
Dogechain: 0x7DA18349FC7d74a350c02d60a6C3b5059f76C583
KCC: 0x90EF7A6014BA86AAA58869E0d98F42222f2B4859
OKX Chain: 0x13b1824085020209Cc6D6D63DDc3f63D802801dA
