Folks Finance Announces Development of New EVM Liquid Staking Token
Folks Finance is expanding its product line again with a new Liquid Staking Token for an undisclosed EVM network, arriving in 2026. The launch extends Folks’ commitment to building high-quality, composable yield products that give users more control, more flexibility, and more opportunity across chains.
The LST begins with a familiar foundation: a reliable asset that captures staking rewards of its network while remaining fully liquid. But the long-term vision goes far beyond that. Alongside the base token, Folks Finance will introduce a suite of specialized vaults designed for tailored liquid staking strategies, built to be accessible with a single click.
These strategy vaults will support multiple yield approaches already gaining traction across Folks, including LST looping, LST-backed stablecoin leverage, and stablecoin-based looping for amplified rewards. Users will be able to enter these strategies without the complexity normally associated with multi-step DeFi operations, benefiting from automated execution and risk-conscious parameters.
The broader goal is to address a pain point across the ecosystem: many stablecoins and yield products still come with long, inflexible unwinding periods. Folks’ new LST is designed to offer a better experience: more liquid, more efficient, more flexible, and ultimately more usable for both casual and advanced yield-seekers. To support this, Folks Finance plans to collaborate with proven, institutional-grade staking partners to ensure security and consistency at every layer.
More previews and technical details coming soon. As always, the rollout will be measured and transparent.
Over the years, Folks Finance has already demonstrated its ability to ship category-leading staking products. First delivering the leading liquid governance solution on Algorand (gALGO), and later the leading liquid staking token after the chain’s transition to staking rewards (xALGO), powering everything from the staking to advanced strategies such as one-click looping now used daily across the ecosystem. In parallel, Folks has grown into the leading crosschain DeFi lending protocol, proving its ability to expand beyond a single-chain focus and build infrastructure that scales across multiple networks.
Stay tuned on Folks Finance’s channels to follow the progress and be ready for launch.
