Everyone says “the bear market is for building”. Well, the bear market doesn’t last forever. Of course, the building never stops, but it’s easier right now, without all the extra noise, the spotlights, the hype and the scrutiny. The Folks team has been firing on all cylinders, and the results…

By Gidon Katten, CTO of Folks Finance This document will describe the design and features of the Folks Finance V2 Lending Protocol in a way that anyone should be able to understand. The protocol supports listing almost 200 different pools and 15 different types of loans. The V2 lending protocol…

A streamlined UI/UX makes it easier than ever to access cutting-edge financial instruments without sacrificing speed, security, and ease-of-use. MILAN / DUBAI — November 29, 2022 — Folks Finance has proven the value of fast, accessible, and non-custodial DeFi on Algorand. Since launching in April of 2022, $100 Million in…

As of August 23rd, 2022, the Algorand Foundation has published the voting measures for Algorand Governance Period 4. The Foundation appears to be focused on establishing greater synergies between Governance and DeFi. Before we share our view, it’s important to clarify the proposals. …

How gALGO transforms Governance and DeFi on Algorand — Intro The Algorand Foundation introduced decentralized governance in Q4, 2021. Algo holders can participate in the growth and development of the Algorand ecosystem, and in return, they are rewarded for their contribution. In order to be a governor, the current model requires users to commit their ALGOs for three months. During…

Folks Finance released the fStaking feature that allows users to increase their deposit yields. Users can now stake their deposit token (fTokens) and keep earning the deposit interest plus an additional staking revenue. It is very simple! The users must commit an amount and ensure their balance stays above. These…

Flexibility and sustainability have always been key pillars of Folks Finance. To design the best and most efficient incentives system we have implemented the folks rewards tokens and the Rewards Aggregator. When users repay the interest on their loan or deposit their funds through Lock&Earn, they receive “Folks Rewards Token”…