According to Odaily, GameFi project Sekuya has locked $1.15 million worth of SKYA tokens using the FlokiFi Locker, a DeFi storage protocol. The tokens are set to be locked for a period of 12 months. The information was released by Floki on platform X.
The move by Sekuya demonstrates a growing trend among GameFi projects to secure their assets using DeFi storage protocols. FlokiFi Locker, in particular, has been gaining traction due to its robust security features.
However, the details of the agreement between Sekuya and Floki, including the specific terms and conditions of the lock-up period, were not disclosed. The impact of this move on the overall market dynamics of SKYA tokens also remains to be seen.