Shiba Inu (SHIB) has been listed on the cross-chain decentralized finance protocol, Folks Finance, making it the first meme coin to achieve this milestone. Chainlink’s Cross-Chain Interoperability Protocol enables this cross-chain functionality, allowing SHIB holders to earn yields and use tokens as collateral across multiple blockchains. SHIB’s burn rate did not see a significant surge in response to this development, with only 71,685 SHIBs burned in the last 24 hours. This move follows previous initiatives where ecosystem tokens like SHIB, LEASH, and BONE adopted the Cross-Chain Interoperability Protocol, expanding their availability across twelve different blockchains.

Read more at Yahoo Finance: Shiba Inu Token Now Eligible For Cross-Chain Lending, Borrowing Supported By Chainlink