The Floki community has been highly enthused for a very long time about “Project L,” an undefined application protocol they have been developing. Prior to discussing what Undertaking L is, we should first discuss FlokiFi. The collection of decentralized financial products that will be introduced under the Floki brand is known together as FlokiFi.
FlokiFi is the abbreviation for Floki Finance. It is one of the finest ways they can describe a line of useful products they will be launching, which will transform FlokiFi into its own ecosystem within the larger Floki ecosystem. The much anticipated Undertaking L protocol will be the first application product to be sold under the FlokiFi brand.
According to the most recent data from DeFiLlama, the Total Value Locked (TVL) for the DeFi market is currently $90 billion. At the pinnacle of the bullish pattern, it was reportedly $251,56 billion. The intriguing aspect is that this number covers only a small percentage of the total worth of the DeFi industry.
Actual DeFi TVL would have been MUCH higher if you had included the numerous new tokens and protocols that are being launched each day, as well as the value being generated in the NFT sector: according to Token Sniffer, more than 1.64 million tokens have been generated across major blockchain systems, and many new tokens are generated each month.
That’s a LOT of money, so it’s not surprising that the DeFi industry is replete with thefts, money-loss schemes, and swindles.
The FlokiFi Locker, also known as Undertaking L, is a cutting-edge digital asset locker option that enables users to lock and secure Liquidity Pool (LP) tokens, fungible tokens (ERC-20/BEP-20 tokens like FLOKI), NFTs, and Multi tokens.
Currently, the FlokiFi Locker is the greatest and most innovative crypto locker on the market. The FlokiFi Locker not only provides more innovation than virtually every other digital asset locker solution on the market right now, but it also provides more inexpensive processing fees.
The FlokiFi locker’s buying and selling charges are damaged down as follows:-
- To lock a token, a transaction fee of 50 USDT must be paid for each transaction.
- To lock an NFT, a mounted cost of 100 USDT per transaction is necessary.
The fee for locking a multi-token (ERC-1155) is 100 USDT per transaction.
- A fixed fee of 100 USDT each transaction for vesting a token or tokens.
- The fixed payment to lock/vest LP tokens is 0.5% of the value of the LP.
The FlokiFi Locker is projected to have significantly improved implementation and become the dominating player in the industry in the coming years as a result of Floki’s strong brand positioning, industry positional awareness, and great advertising and financial expansion.