Shiba Inu Becomes First Meme Coin to Support Cross-Chain Lending, Borrowing with Chainlink and Folks Finance.

Shiba Inu token is now eligible for cross-chain lending and borrowing on Folks Finance, enabled by Chainlink's Cross-Chain Interoperability Protocol. This allows SHIB holders to earn yields or use their tokens as collateral across multiple blockchains. Shiba Inu has previously utilized Chainlink's technology to expand its ecosystem.

Shiba Inu (SHIB) has made significant strides in its integration with the decentralized finance (DeFi) ecosystem, with the latest development being its eligibility for cross-chain lending and borrowing on Folks Finance. This integration is made possible through Chainlink's Cross-Chain Interoperability Protocol (CCIP), which allows SHIB holders to earn yields or use their tokens as collateral across multiple blockchains.

Folks Finance, a prominent DeFi lending platform, has added support for SHIB in its CCIP-enabled form, making it the first flagship project on Chainlink to adopt SHIB in its new cross-chain form. This development comes several months after Shiba Inu partnered with Chainlink to transform SHIB into a cross-chain token, enabling it to be accessible across 12 blockchains, including Optimism, Polygon, Avalanche, and Arbitrum [1].

With SHIB integrated into Folks’ lending markets, users can deposit SHIB to earn yields or utilize the token as collateral to borrow other assets. This integration allows for the elimination of liquidity fragmentation, as Chainlink’s CCIP will enable Folks to create one unified pool of SHIB liquidity, making it accessible to all blockchains. Folks Finance has also announced incentives for SHIB depositors, with current depositors earning an APY of 10.93% [1].

This latest integration from Folks Finance comes at a time when SHIB is facing a significant price correction. However, the development contributes to the surge in Shiba Inu adoption. The team, through its marketing lead Lucie, confirmed that Shiba Inu’s adoption is growing [1].

Earlier this week, top ETF issuer Valour launched a SEK-denominated Shiba Inu-focused exchange-traded product in four European markets, including Denmark, Sweden, Norway, and Finland [2]. Additionally, Shiba Inu’s official X handle confirmed that SHIB will now be available for lending and borrowing on Folks Finance, letting holders earn yields or use their tokens as collateral across multiple blockchains [3].

This integration marks a significant milestone for SHIB, as it expands its utility and accessibility within the DeFi ecosystem. As SHIB continues to gain traction, investors and financial professionals should closely monitor its price action and the broader market trends to assess potential investment opportunities.

References:
[1] https://thecryptobasic.com/2025/09/03/chainlink-folks-finance-adopts-shiba-inu-in-cross-chain-lending-markets/
[2] https://cryptonewsland.com/shiba-inu-shib-primed-for-10x-jump-if-ethereum-eth-taps-10000-but-holders-of-this-coin-might-see-88x-gains-first/
[3] https://www.benzinga.com/crypto/cryptocurrency/25/09/47465409/shiba-inu-token-now-eligible-for-cross-chain-lending-borrowing-supported-by-chainlink