FOLKS
FOLKS · Smart ContractsLoading price…
FOLKS · Smart ContractsLoading price…Launched in 2022 as the leading DeFi protocol on Algorand, Folks Finance has grown into a multichain lending hub now live across Ethereum, Avalanche, Base, Arbitrum, BNB Chain, Polygon, Sei, and Algorand. Its ecosystem covers overcollateralized lending and borrowing, liquid staking (xALGO/gALGO — letting users keep earning Algorand governance rewards while their assets stay usable elsewhere), and the Folks Router DEX aggregator. Its "xChain" design lets users deposit on one chain and borrow on another without bridging or wrapping assets first.
How it works
- User deposits collateral
- Protocol opens lending market
- Borrow cross-chain via xChain
- Interest accrues to depositors
| Ticker | FOLKS |
| Category | Smart Contracts |
| Market data | Folks Finance on CoinGecko |
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