Shiba Inu Expands DeFi with Cross-Chain Lending on Folks Finance
Shiba Inu cross-chain lending arrives as SHIB integrates with Folks Finance, a Chainlink-powered decentralized lending protocol. The listing enables SHIB holders to lend and borrow across 12 blockchains, including Base, Arbitrum, Avalanche and Polygon. Shiba Inu cross-chain lending marks a major step into DeFi beyond speculation, boosting token utility and network accessibility.
To celebrate, the Shiba Inu ecosystem team launched a 40,453,074 SHIB giveaway (approximately $500). The event runs for 48 hours from September 3 at 19:49 UTC. Participants must like and repost the Folks Finance announcement, follow Shiba Inu and Folks Finance on X, and tag three users. Winner selection uses xAI’s Grok chatbot to ensure randomness.
Folks Finance sweetens the deal with a 9.08% APY on SHIB deposits. Total deposits jumped 28% to $32,000 within 24 hours. By pairing a community giveaway with cross-chain lending incentives, Shiba Inu strengthens its presence in decentralized finance and offers traders new yield opportunities.
Bullish
The Shiba Inu cross-chain lending integration is bullish for traders. By listing SHIB on Folks Finance across 12 networks, the token’s utility and liquidity improve, attracting both retail and institutional users. The 40 million SHIB giveaway drives community engagement, while a 9.08% APY on deposits incentivizes long-term holding. Similar past DeFi listings—such as AAVE on multiple chains—sparked price rallies and volume surges. In the short term, SHIB may see increased trading and volatility as users deposit tokens and chase yields. Over the long term, sustained DeFi use cases and cross-chain compatibility could underpin stronger network effects and price support.