DeFi lending protocol Venus to start accepting Floki as collateral

Tokens of SHIBA INU-themed Floki can soon be used as collateral to borrow a basket of cryptocurrencies on Venus Protocol, the second-largest lending platform on the BNB Chain.

The move is part of a broader plan to make FLOKI, which was originally a meme coin named after billionaire Elon Musk’s pet dog, as a serious decentralized-finance (DeFi) token.