Folks Finance is the leading crosschain DeFi protocol that has solved the issues of liquidity fragmentation. With Folks, users can deposit on any chain and borrow on any chain without 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, Borderless, & more.
- $400M+ TVL ATH
- 200k+ users
- 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.
- @coingecko data shows $FOLKS has entered the top 3 tokens by marketcap in the EVM DeFi lending sector, following @aave and @morpho.
@FolksFinance’s crosschain lending model is becoming the standard for DeFi.
- 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.
- $FOLKS token is live across 8 chains using wormhole’s NTT framework. It launched at $2 on Binance and reached $14+ ATH. $FOLKS airdrop season 1 made thousands from the community happy, and now you can position for season 2 by collecting points on the app.
🔜 WHAT’S NEXT?
- New assets and chains expansion.
- Folks Mobile App partnership with licensed services and a DeFi debit card.
- xChain Lending V2.
- New Liquid Staking Token.
- Future Airdrop Seasons.