Shiba Inu Token Now Eligible For Cross-Chain Lending, Borrowing Supported By Chainlink

Shiba Inu (CRYPTO: SHIB) edged higher on Tuesday as it became the first meme coin to be listed on the leading cross-chain decentralized finance protocol, Folks Finance.

Cross-Chain Trading For SHIB

SHIB’s official X handle confirmed that the coin will now be available for lending and borrowing on Folks Finance, letting holders earn yields or use their tokens as collateral across multiple blockchains.

The cross-chain functionality is enabled by Chainlink’s (CRYPTO: LINK) Cross-Chain Interoperability Protocol — a standard that allows developers to build applications that can send tokens and messages across the blockchain.

Full story available on Benzinga.com