Coinspeaker
Traders Earn 165% Yields from Staking FLOKI
Popular meme coin FLOKI was first introduced in 2021 after being originally inspired by Elon Musk’s pet Shiba Inu. Since then, it has gone on to establish itself as a major decentralized finance (DeFi) project. For context, the coin is currently seeing tremendous activity with over $55 million worth of FLOKI held up on the blockchain’s staking platform within a week after launching the program.
While this was a bright start and a milestone for the weekly staking Total Value Locked (TVL), it also means that a total of 1.8 trillion FLOKI tokens have now been staked on the program. That is nearly 18% of the token’s circulating supply, which currently stands at 9.5 trillion, per CoinMarketCap data.
Meanwhile, expectations are that the numbers will continue to grow over the coming years. The first indicator of this is that the majority of the FLOKI tokens have been staked for as long as four years. So, they will continue to be ou
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