Folks Finance Expands Crosschain Lending Hub with Avalanche Network Integration
Folks Finance is proud to officially integrate the Avalanche network into its crosschain lending protocol and DeFi suite. Avalanche users can now deposit and borrow on Avalanche and other integrated networks from a single account.
With the addition of Avalanche, Folks’ users can enjoy fast transactions and low fees, expanding their opportunities for lending, borrowing, and trading. Avalanche’s well-rounded capabilities align with Folks Finance’s requirements for building more accessible, efficient, and user-friendly onchain financial tools.
Your DeFi Home
Folks’ xChain app puts bridging and gas fees in the background. It’s built for those who enjoy making the most of opportunities across the entire crypto ecosystem, and need to access different chains quickly and easily.
Imagine you hold assets in multiple ecosystems, but an opportunity for you appears on Avalanche. You need to collateralize some funds to borrow USDC — what do you do? You could bridge the funds from every other chain to Avalanche and spend a lot of time paying a lot of fees.
Or you could use Folks. Simply deposit from any chain and borrow on Avalanche effortlessly.
Testnet is currently live at testnet.xapp.folks.finance!
Try the testnet and get rewarded. Complete the Subway Riders Galxe Quests for further recognition. There’s a dedicated quest for the Avalanche community as a part of the Subway Riders campaign.
Participate in Folks’ Subway Riders campaign on Galxe that includes a series of quests allowing users to test the xChain app and receive special edition OATs, commemorating the Folks xChain testnet launch.
Subway Riders Quest with the Avax Community
Subway Testers with Folks Finance
To learn more, please visit folks.finance
About Folks Finance
Folks Finance is a pioneering DeFi platform that offers cross-chain lending, borrowing, staking and trading. With a focus on security, efficiency, and user empowerment, Folks Finance delivers a user experience akin to centralized exchanges, setting a new standard for the DeFi applications.
About Avalanche
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.
