Folks Finance

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So now that G11 is in full swing and our assets are "locked" - what now?

19 Apr 2024 1 minute read 0 comments NotCleverAtAll

Very good question. While we wait for the voting session to open up in a few weeks, we have a few things we can do with our $ALGO and $gALGO on Folks Finance rather than have them accumulating dust in your wallets. The easiest way to cash in on some...

A Cross-Chain Lending Platform is Coming, Powered by the Best Tech Available

18 Apr 2024 3 minute read 0 comments Nokuaru

Set to be released during this 2Q, Folks Finance will leverage Chainlink's CCIP, Circle's CCTP, Wormhole and LiFi for its upcoming cross chain lending protocol that will natively support dozens of blockchains. Folks Finance already has a great backg...

Folks Finance and Governance 11: A short summary of changes and strategies

12 Apr 2024 1 minute read 0 comments NotCleverAtAll

Some time near the end of $ALGO governance session 10, Folks Finance, along with the Algorand Foundation announced the following: The #xGOV program will be paused for new inscriptions. However, the xGovernors who are already participating will still...

Folks Finance: Pioneering DeFi Innovation

22 Mar 2024 1 minute read 0 comments Caprone

The world of decentralized finance (DeFi) is constantly evolving, and Folks Finance stands at the forefront of this revolution. With a commitment to transparency, community-driven development, and cutting-edge solutions, Folks Finance has captured th...

xAlgo on AVAX

16 Mar 2024 2 minute read 0 comments Algo Cleanup

Folks Finance Goes Cross-Chain xAlgo is a cross-chain liquid governance token built by Folks Finance. At beginning of 2024 Folks Finance announced they had brought xAlgo to the Avalanche blockchain. In this post I'll be sharing some of my strategies...

Algorand Governance: Becoming a Governor and Staying Eligible Through Voting - Part I

10 Mar 2024 2 minute read 0 comments 1337Dude

Becoming a Governor Becoming a governor on Algorand is a process that involves holding a significant number of ALGO tokens. Governance rights are granted based on the quantity of tokens held, which serves as a measure of an individual's stake and com...

A brief history of Folks Finance of Algorand

9 Mar 2024 2 minute read 0 comments ShaperOfEntropy

What is Folks Finance? Folks Finance is a decentralized lending-borrowing platform built on Algorand network. The platform's main feature is to allow anyone to open overcollateralized loans for borrowing different assets. The users can borrow cryptoc...

Speculation of Fact: Folks Finance

3 Mar 2024 1 minute read 0 comments NotCleverAtAll

With the recent rebranding of the Folks Finance logo, rumors and speculations have arisen in all social media platforms. What does it mean? What are they planning? Is this about their token? But I don’t care for this type of speculation. I just know...

Use xALGO on Trader Joe to earn some massive rewards

29 Feb 2024 2 minute read 0 comments Nokuaru

xALGO is a liquid staking version of ALGO that generates yield and accrues value from Algorand Governance rewards. In other words, its value continuously increases compared to the price of ALGO. Folks Finance recently introduced xALGO on Avalanche, a...

Embracing the Future of DeFi: Cross-Chain Algo Liquid Governance with Folks Finance

27 Feb 2024 2 minute read 0 comments Walerva

  In the evolving landscape of decentralized finance (DeFi), the ability to operate across multiple blockchains, known as cross-chain functionality, is becoming increasingly important. This capability enhances liquidity, accessibility, and the overal...