Oct 25How to join Algorand Consensus to earn rewards from Folks FinanceIn Q4 2023, 70,000 ALGO have been allocated from Folks Finance’s Targeted DeFi Rewards to incentivize participation in Algorand consensus. The mission of this initiative is to bolster the security and decentralization of a core aspect of Algorand’s infrastructure by encouraging healthy and constructive operation of Algorand nodes. The 70,000…Algorand6 min readAlgorand6 min read
Oct 16Bulls and Bears Competition: 40,000 ALGO in prizes!Folks Finance is thrilled to announce the first ever Bulls and Bears Competition to celebrate the Ultraswap product launch! Prepare to find out who the best (and worst) investors in the Folks Community are… Disclaimer: Ultraswap and Bulls and Bears competition are not available to IP addresses within the United…Trading Competition2 min readTrading Competition2 min read
Oct 12Create dashboards on Dune Analytics to win up to $1000!Calling all devs, designers, statisticians, and mathematicians. Folks Finance needs your help to create analytics dashboards on Dune Analytics for xALGO. This will help to increase transparency and understanding of xALGO activity, and will make it easier for anyone to track key metrics and identify trends! Folks Finance is the…Defi3 min readDefi3 min read
Oct 10Compete and Win 50,000 ALGO in Governance 9 with FolksHey Folks! The team has allocated 50,000 ALGO to give out as rewards for committing to Liquid Governance with both gALGO and xALGO! The commitment window for Liquid Governance during Period 9 is open until October 13th, 11:59 AM EST. …Giveaway2 min readGiveaway2 min read
Oct 9Prove your dev skills with Folks Finance in Algorand’s Build-A-Bull HackathonHey Algorand devs, Folks Finance is joining the upcoming Algorand Build-A-Bull Hackathon taking place in October! In partnership with the Algorand Foundation, the Folks team has defined a prize of up to $10,000 for you. The proposed challenge will be to develop a UI for the Folks Router Widget, the…Algorand6 min readAlgorand6 min read
Oct 5Folks Finance Expands DeFi Product Suite with Launch of UltraswapFolks Finance is thrilled to announce the launch of its latest feature, Ultraswap, a product for users seeking to extend their liquidity or boost their positions in the Folks Markets up to 8x! Folks Finance users often utilize loan looping as a strategy to increase their market exposure. Ultraswap has…Folks Finance3 min readFolks Finance3 min read
Oct 3Targeted DeFi Rewards Reporting: Governance 8The Targeted DeFi Rewards allocated to Folks Finance were successful in boosting activity on Folks Finance and partner DEXs, plus increasing ALGO TVL over the quarter. 100% of the rewards were distributed through the Folks Lending Markets, Lending Pools on Pact, and through marketing incentives. …Blockchain3 min readBlockchain3 min read
Oct 3Folks Finance’s Targeted DeFi Rewards Boost Distribution Plan for Algorand Governance 9The Algorand Foundation is continuing its Targeted DeFi Rewards initiative in Governance Period 9. Folks Finance is once again eligible to receive 1.875 million ALGO from the Algorand Targeted DeFi rewards program. 5% of the previous period’s amount was set aside, equal to 93,750 ALGO. Rewards are intended to be…Algorand1 min readAlgorand1 min read
Sep 27Folks Finance Integrates Chainlink CCIP to Unlock Cross-Chain LendingWe’re excited to announce that Folks Finance will integrate Chainlink CCIP — the industry standard for secure cross-chain interoperability — across multiple blockchains. We’re leveraging CCIP’s arbitrary messaging functionality to build cross-chain Hub & Spoke lending, enabling users to deposit collateral on one chain and borrow assets on another. We…3 min read3 min read
Sep 26Algorand Governance Period 9 UpdatesAlgorand Governance officially turns 2 years old! Thankfully, Folks Finance has already toddler-proofed their product suite with all the best tools to make the most of being an Algorand Governor. Whether using gALGO or xALGO, joining Governance through Folks Finance gives access to the highest reliable yield on ALGO. …Algorand4 min readAlgorand4 min read
