Chainlink Integration Brings Shiba Inu Into New Crosschain Market — What You Should Know

Shiba Inu (SHIB) has taken a big step into a new area of decentralized finance, making it part of a cross-chain lending and borrowing ￰0￱ latest move was made possible by an integration with Chainlink (LINK) and a new listing on Folks ￰1￱ Ibu Official Announcement Confirms Cross-Chain Lending Launch The news was confirmed directly by SHIB’s official account on ￰2￱ team said that SHIB is now available for lending and borrowing on Folks ￰3￱ the announcement, token holders can participate in new financial activity by depositing the tokens to earn yields or using them as collateral across different ￰4￱ Reading: You Won’t Believe How Much Of The Shiba Inu Supply The Top 10 Addresses Control Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has enabled Shiba Inu to function as a cross-chain ￰5￱ adopting CCIP, SHIB is no longer limited to one network and avoids the liquidity trap on separate ￰6￱ the integration, digital assets can be transferred seamlessly between blockchains, supporting lending and borrowing within a single, interconnected ￰7￱ to the official announcement, the CCIP protocol resolves the liquidity issue of liquidity ￰8￱ Chainlink’s technology, SHIB has entered a new stage where it can serve as part of the cross-chain DeFi ￰9￱ key move makes the token the first memecoin to join Folks Finance’s lending ￰10￱ the announcement, the SHIB team also said that incentives for depositors were already ￰11￱ and users who add SHIB tokens to Folks Finance can immediately participate in the program and benefit from the new market ￰12￱ Finance Hails Shiba Inu As First Memecoin In Cross-Chain Markets Folks Finance also shared the development on its official X ￰13￱ platform described the Shiba Inu token as “the first memecoin with cross-chain lending markets.” This description shows the significance of the listing because no other memecoin has reached this level of cross-chain DeFi market presence ￰14￱ Finance notes that the memecoin has transitioned into a category that allows it to participate in broader DeFi ￰15￱ Reading: Is Binance Manipulating XRP Price And Driving The Crash?

Analyst Gives Answers The digital asset now connects to a system that allows lending, borrowing, and liquidity, and the team at Folks Finance also highlights the integration powered by Chainlink’s ￰16￱ post also stated that anyone can now deposit and borrow SHIB on any part of the protocol’s ￰17￱ single unified pool with deep liquidity creates a situation where users do not need to worry about fragmented ￰18￱ SHIB team and Folks Finance announcements show that Chainlink’s CCIP has brought Shiba Inu into a new ￰19￱ integration has given SHIB new use cases beyond its original status as a ￰20￱ cross-chain lending, borrowing, and incentives now available, Shiba Inu could become part of a growing decentralized finance market that spans many chains, opening doors for stronger adoption in the ￰21￱ image from DALL.

E, chart from ￰22￱