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Folks Finance
Folks Finance is a community-driven decentralized platform providing permissionless DeFi tools like lending, borrowing, staking, and trading across multiple networks including Algorand, Avalanche, Ethereum, and Base. Initially the leading DeFi protocol on Algorand, Folks has evolved into a dynamic, multichain DeFi hub, leveraging messaging layers technology for expansive growth. With its innovative hub-and-spoke model, the platform offers a seamless, intuitive user experience, abstracting the complexities of cross-chain interactions.
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Description
Folks Finance is a community-driven decentralized platform providing permissionless DeFi tools across multiple networks. Its products include xChain, which allows users to move between blockchains with ease by depositing and borrowing assets across multiple networks. It also offers a full DeFi suite on Algorand, its largest protocol, featuring lending, borrowing, liquid staking, loan looping, and a DEX router. Additionally, Folks Finance provides a testnet on Monad for experiencing cross-chain lending and unified liquidity. Initially the leading DeFi protocol on Algorand, Folks has evolved into a dynamic, multichain DeFi hub, leveraging messaging layers technology for expansive growth. With its innovative hub-and-spoke model, the platform offers a seamless, intuitive user experience, abstracting the complexities of cross-chain interactions.Grant Funding
VC Funding
None
2022
2024
$0
$6.2M