The Shiba Inu ecosystem team has launched a giveaway worth 40,453,074 SHIB tokens, valued at approximately $500, to mark the token’s integration into cross-chain lending markets for the first time. This development follows the announcement that Shiba Inu has been listed on Folks Finance, a decentralized lending protocol powered by Chainlink. The listing allows SHIB holders to lend and borrow the token across multiple blockchains. Currently, the integration supports 12 chains, including Base, Arbitrum, Avalanche, and Polygon. By entering the cross-chain lending sector, Shiba Inu expands its use cases beyond trading and speculation, positioning itself within decentralized finance (DeFi). The initiative is expected to increase SHIB’s accessibility across networks while offering additional ways for users to generate returns. . @Shibtoken is now listed on Folks Finance. The first memecoin with crosschain lending markets, powered by @chainlink CCIP for interoperability. ➤ Deposit and borrow $SHIB on any chain ➤ One unified pool with deep liquidity ➤ Incentives live for depositors pic.twitter.com/f5OoBR2Sxz — Folks Finance (@FolksFinance) September 2, 2025 Details of the Giveaway To celebrate this milestone, Shiba Inu’s ecosystem team announced a special promotional event. One community member will be selected to receive $500 in SHIB, which equals roughly 40.45 million tokens at the present market rate of $0.00001236. The giveaway began on September 3 at 19:49 UTC and will remain open for 48 hours, closing on September 5 at the same time. Eligibility Requirements Participants must complete a series of social engagement tasks to qualify. These include liking and reposting Folks Finance’s post about SHIB’s cross-chain listing, following the official X accounts of both Shiba Inu and Folks Finance, and tagging three other users in the comments section of the giveaway post. In an effort to ensure fairness, Shiba Inu has announced that the winner will be chosen by xAI’s chatbot Grok. The AI tool will randomly select one qualifying participant after the 48-hour window closes. Early data shows strong engagement from the Shiba Inu community. Within hours of the announcement, the promotional post received more than 1,300 comments, 1,500 reposts, and 2,100 likes. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Additional Incentives for SHIB Depositors Alongside the giveaway, Folks Finance is offering further incentives for users who deposit SHIB into its lending markets. At present, depositors are earning an annual percentage yield (APY) of 9.08%. These incentives have already led to an increase in participation. The total SHIB deposits on Folks Finance currently stand at $32,000, reflecting a 28% rise compared to $25,000 recorded the previous day. The SHIB ecosystem’s decision to pair a major listing announcement with a community giveaway highlights its strategy of rewarding long-term supporters while promoting the token’s new financial utility. By joining the cross-chain lending market and offering attractive incentives, Shiba Inu is seeking to strengthen its presence in DeFi and expand its role beyond its origins as a meme-based cryptocurrency. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Enters Cross-Chain Lending with a Bang appeared first on Times Tabloid .
