Gushiken Yona
Shiba Inu (SHIB) has broken new ground by entering the cross-chain decentralized finance (DeFi) arena through a listing on Folks Finance. The move allows SHIB to be used for lending and borrowing across multiple blockchains for the first time, a significant functional expansion for the popular token powered by Chainlink’s interoperability technology.
The integration with the decentralized non-custodial protocol marks a pivotal step in the Shiba Inu ecosystem’s ongoing effort to build greater utility beyond its memecoin origins. By enabling SHIB to operate seamlessly on different networks, the listing unlocks new potential for its holders to engage in sophisticated DeFi activities without being confined to a single blockchain.
Key Points
- New DeFi Utility: SHIB is now available for lending and borrowing on Folks Finance, allowing holders to earn yield or use their tokens as collateral across different blockchains.
- Chainlink-Powered: The cross-chain functionality is enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which ensures secure asset transfers between networks.
- Market First: Folks Finance announced SHIB as “the first memecoin with crosschain lending markets,” with financial incentives now live for users who deposit the token.
A Move into Multichain Finance
Folks Finance announced the listing in a Sept. 2, 2025, post on the social media platform X, detailing the new capabilities for the token. The platform described the integration as creating “one unified pool with deep liquidity” and confirmed that users can now “Deposit and borrow $SHIB on any chain.”
The collaboration leverages Chainlink’s CCIP to address the long-standing issue of blockchain fragmentation. The protocol allows a token like SHIB, which is native to Ethereum, to be securely represented and used on other networks. This process typically involves locking the original asset in a smart contract and minting an equivalent version on the destination chain, ensuring the token’s total supply remains consistent and secure.
This new functionality provides SHIB holders with capital efficiency, allowing them to participate in DeFi markets on emerging blockchains without selling their assets or relying on less secure, third-party bridges.
Broader Implications for Shiba Inu
The integration represents a strategic expansion of the Shiba Inu ecosystem, complementing initiatives like its layer-2 network, Shibarium. By embracing cross-chain interoperability, SHIB is better positioned to compete in the broader DeFi landscape. Holders can earn passive yield through lending, leverage tokens as collateral for borrowing, and access incentives designed to attract liquidity and strengthen market activity.
With this listing, Shiba Inu moves further beyond its meme coin origins, embracing functional utility and interoperability that empower holders to participate in decentralized finance like never before.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
