Jun 27Algo Liquid Governance 2.0How 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…Algorand5 min read
Jun 3fStaking - higher yield depositing in Folks FinanceFolks 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…Staking4 min read
May 25Rewards AggregatorFlexibility 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”…Algorand3 min read
May 17Folks Finance lists Tinyman and Pact LPsFolks Finance wants to give its users the highest range of choices to optimize their asset management, reducing inefficiencies. Beginning with the gAlgo3/Algo pools, Folks Finance brings the composability of the Algorand ecosystem to the next level. Algorand users can now provide liquidity in their favourite DEXs and then use…Defi2 min read
May 12Higher yield with Lock & EarnWhat is Lock & Earn? Lock&Earn is an innovative feature of Folks Finance that allows users to receive rewards by simply locking their cryptocurrencies for a fixed-term period. Unlike a simple deposit, the fTokens representing the deposit cannot be redeemed until the end of the lock-up term. To incentivise the…Blockchain2 min read
Apr 19Folks Finance offsets its footprint - Carbon Neutral with ClimateTradeApril 19, 2022 - Folks Finance chose to pursue Algorand’s mission and collaborate with ClimateTrade to offset its carbon footprint. ClimateTrade is a leader in carbon transparency and tracking that uses blockchain-based solutions to improve the efficiency of sustainability efforts for leading companies worldwide. The company has been partnering with…Algorand3 min read
Apr 11Folks Finance Algo Liquid Governance to boost Algorand DeFi TVLThursday, April 14, at 6 a.m. EST, the Folks Finance Algo Liquid Governance commitment ends. The Algo delegated to Folks Finance will be committed to the Algorand Foundation Governance G3. An innovation for the ALGO dynamics and economics. …Algorand4 min read
Apr 6Folks Finance & Aeneas Liquidity Program — 2M ALGO incentives for its early users.The Algorand Foundation awarded Folks Finance with 2 million ALGOs to incentivize early users, and bootstrap protocol operations. The primary goal of this initiative is to attract liquidity and boost the Algorand DeFi ecosystem, also establishing synergies among several dApps built on top of the Algorand technology. The Viridis Fund…Algorand4 min read
Apr 4Folks Finance Protocol is live on MainnetApril 4, 2022 - After months of hard work, extensive testing, and continued support from its partners and community, Folks Finance, the capital markets protocol for lending and borrowing, is live on Algorand Mainnet today! The protocol aims to give its users the highest flexibility on DeFi loans with a…Folks Finance3 min read
Mar 31Folks Finance $50,000 Immunefi Bug BountyMarch 31, 2022 - Folks Finance launches a $50,000 Bug Bounty program on Immunefi to increase the protocol’s robustness. Folks Finance has always considered the security of its users to be a top priority. Along with the three audits completed by Runtime Verification, Vantage Point, and Coinspect, the Bug bounty…Algorand2 min read
