Folks Finance is a crosschain DeFi protocol that has solved the issues of liquidity fragmentation by building natively crosschain DeFi lending markets. With Folks, users can deposit on any chain and borrow on any chain. No bridging or wrapping needed.
Folks has been building in DeFi for 5 years. First, it became the leading DeFi app on Algorand. Now, it’s a fully-fledged crosschain DeFi hub which offers lending with unified liquidity and UX between major networks, trading, leverage trading, and liquid staking.
Folks is one of the fastest-growing DeFi apps in the market:
- $6.2M raised from top VCs: Coinbase Ventures, Jump, ParaFi, OKX, Borderless, & more.
- $400M+ TVL ATH, $200M+ currently
- 35,000+ MAUs
- The only truly crosschain lending protocol that's already live and working:
Aave is now building something similar using the same model and infrastructure, but Folks was first, and already working at scale. This makes Folks the leading crosschain lending protocol today.
- Live on 9 chains: Avalanche, Ethereum, Base, BNB, Arbitrum, Polygon, Algorand, Sei, Monad
- Highest yields in the lending industry:
Being live across many networks, Folks was able to secure ecosystem grants from multiple chains. These grants help power market incentives, resulting in some of the highest yields in DeFi lending.
- Interoperability Integrations: Chainlink CCIP, Wormhole, Circle CCTP
- Working closely with Chainlink:
Folks is one of the biggest projects in the Chainlink BUILD program and one of the top transaction senders using Chainlink CCIP.
- No token yet; points system live.
🔜 WHAT’S NEXT?
- $FOLKS token launch and airdrop (natively crosschain on multiple chains)
- New assets (also memecoins) listed for crosschain lending every week
- Mobile app with licensed services and a DeFi debit card
- xChain Lending V2
- Crosschain perps
🔧 HOW IT WORKS?