Folks Finance

@folksfinance

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13 Followers

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New Incentives Epoch is Live! Top Deposit APYs: 🔹 $ggAVAX at 8.90% (staking + incentives) 🔹 $USDC at 7.50% 🔹 $AVAX at 4.50% Collect yield + points on top of every operation.

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❌ Multiple apps ✅ One hub for all chains ❌ Scattered funds ✅ Unified liquidity ❌ Constant switching ✅ Efficient UX The fragmented era of DeFi is ending.

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xPool Folks Finance’s unified, crosschain USDC pool. Every deposit on Folks Finance feeds into a single USDC liquidity layer, powered by Circle CCTP. Deposit from any chain, borrow from any chain, enabling a truly interoperable user experience while standardizing interest rates. The future is unified. Folks is already there.

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Liquid Staking 💧 One of the pillars of DeFi. It boosts capital efficiency, powers yield strategies, and opens up new use cases. Here’s how it works 👇

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Folks Points Retrodrop - Part 2 Algofam, check your points 👀 Part 2 of the Folks Points Retrodrop is live. In this round, points were distributed to users who’ve lent, swapped, or borrowed on Folks Finance since the launch of V2 on Algorand. During this period, Folks powered over $12B in deposits and $420M in borrows of different assets, opening up truly accessible & permissionless DeFi. Check your Retrodrop Visit the Points page in the Folks app to check your allocation. Additionally, share your retrodrop on X and tag @folksfinance for a chance to win $200 in a giveaway. About Retrodrops Points Retrodrops reward past engagement on the Algorand app — recognizing early adopters and committed users who helped grow the ecosystem. Folks Points: Beyond the Retrodrop You can earn points by depositing, borrowing, staking, repaying, and swapping on Folks. These points are designed to reward your continued participation and will become increasingly valuable at a major turning point of the protocol.

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Over 150,000 unique active nads have interacted with Folks on @monad-xyz testnet.

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Folks x Talentum 🤝 Earn credits by completing tasks on monad testnet and swap them for real rewards in the marketplace. monad.talentum.id/projects/folks

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Today marks 3 years of Folks being live on mainnet. 3 years of building. 3 years of resilience. 3 years of growth. Now, as we approach a major turning point for the protocol in the next months, Folks’ goals remain the same: • Push boundaries with crosschain integrations. • Keep Algorand DeFi strong. • Deliver real utility, not just hype. To those collecting Folks Points—beautiful things are coming.

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Shoutout to deflyapp and EXA_Market for being the first to run Algorand nodes for $xALGO Liquid Staking. Experienced community members are welcome to run nodes for xALGO in harmony with Folks Finance to ensure the decentralization and resilience of the network.

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30,000 $ALGO Staking Quest 🌟 Join Algorand Staking through PeraAlgoWallet & FolksFinance and be part of the rewards. Details ↓ https://folksfinance.medium.com/folks-finance-x-pera-wallet-staking-quest-be139b9af7a4

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Regardless of market conditions, your $ALGO should always be working for you. Stake with xALGO, the primary LST on @Algorand , and get best-in-class: ╰⁃⁃⁃➤ Security ╰⁃⁃➤ Liquidity ╰⁃➤ Rewards No fees. Double points. Start staking today.

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New Crosschain Incentives Epoch is Live! 🔹 USDC: 〜7% 🔹 AVAX: 〜4,5% 🔹 BTC: 〜3,5% 🔹 ETH: 〜3% 🔹 ggAVAX: 〜9.60% (staking + incentives) Collect yield + points on top of every deposit on Folks.

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Out with the old, in with the new ✨ Migrate from gALGO to xALGO to collect AlgoFoundation Staking Rewards + Folks Points in one click👇

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Governance Rewards Are Out. Staking Rewards Are In. Algorand is shifting gears——decentralization is the way forward. Learn how to migrate and maximize your rewards 👇 https://folksfinance.medium.com/galgo-to-xalgo-the-next-phase-of-staking-on-algorand-acef72048c62

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Algorand Governance Rewards are ending tomorrow. If you joined the last period, you're going to receive the final governance rewards directly into your wallet once the @AlgoFoundation distributes them by April 7. But the rewards won’t stop there: The new way to put your ALGO to work is Algorand Consensus. 🎯 Enter xALGO: the leading liquid staking token with best-in-class security, liquidity, and rewards. 🎯 In one click, gALGO users will be able to migrate to xALGO starting tomorrow. 🎯 Use xALGO as collateral in Folks' lending markets, trade on partner DEXs, or use it across other Algorand apps. 🎯 Decentralized, open-sourced, audited on immunefi. 🎯 0% Fees and Double Points.

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Algorand ⟴ The blockchain. Folks ⟴ The protocol. xALGO ⟴ The staking. Together ⟴ The magic.

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ICYMI: Key Staking Update for gALGO Holders 🏛️ Starting March 31st, Folks users can migrate from gALGO (governance) to xALGO (consensus) with a single click to instantly start collecting Staking Rewards + Folks Points, and unlock a rich ecosystem of utility on Algorand.

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Chainlink CCIP → The secure crosschain standard. Folks Finance → The top protocol driving CCIP adoption with the most transactions. ⬡ CCIP x Folks = Accelerate ⬡

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A layer-1 with: Energy-efficiency Sub-second finality High throughput Low fees What fits these criteria?

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March 31st marks the end of Algorand Governance rewards and gALGO. gALGO users will be able to continue collecting yield with 0% fees and double points by migrating to xALGO, Algorand’s top liquid staking token, in one click.

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