Floki is extremely pleased and takes enormous pleasure in making their formal announcement of having successfully forged an exclusive partnership with the Pyth network. As a result, it will be a joint launch that will be carried out through the FLOKI/USD price feed, along with the incorporation of the Pyth Network oracle in the Floki ecosystem.
The FLOKI token’s advantages will significantly improve thanks to the Pyth Network’s establishment of a price feed, which will also offer up countless options relating to the Floki ecosystem. This would include, among other things, premium DeFi integrations with platforms for lending, borrowing, and staking.
The Pyth network links high-fidelity market data from sources such as the most significant professional traders and top crypto exchanges to that of just about any smart contract, just about anywhere. They have duly formed associations with a lot of the world’s biggest trading companies and exchanges. Binance, Kucoin, Wintermute, OKX, CoinShares, and Jump Trading are some of the most prominent names.
So far as the Pyth network is concerned, it is a specially designed Oracle solution for the sake of latency-sensitive financial data, which is kept locked away and out of reach in centralized institutions. The aim and intention of the entity are to go searching for further cost-effective means of transferring all of this data on-chain and, thereafter, collecting it through a safe process.
In the case of Floki, it happens to be the people’s cryptocurrency, along with being the utility token in the Floki ecosystem. Recently, Floki has reached a significant milestone of $9+ million in TVL in its ambition to become one of the industry’s leading crypto lockers.
The ecosystem boasts of having more than 430,000 holders, creative utility offerings, and strengthened marketing strategies in its arsenal. As of today, Floki happens to be one of the most sought-after crypto brands globally.
Source: https://www.cryptonewsz.com/floki-forms-an-exclusive-partnership-with-pyth-network/