Folks Finance Expands Crosschain Lending Hub with Base Network Integration

Folks Finance is proud to officially integrate the Base network into its crosschain lending protocol and DeFi suite. Base users can now deposit and borrow on Base and other integrated networks from a single account.

With the addition of Base, Folks’ users can enjoy fast transactions and low fees, expanding their opportunities for lending, borrowing, and trading. Base’s accessibility and ambition to onboard users creates a perfect environment for Folks Finance’s accessible, efficient, and user-friendly onchain financial tools.

Your DeFi Home

Folks’ xApp 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 Base. You need to collateralize some funds to borrow USDC — what do you do? You could bridge the funds from every other chain to Base, and spend a lot of time while paying a lot of fees.

Or you could use Folks. Simply deposit from any chain and borrow on Base, 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.

To learn more, please visit https://folks.finance

About Folks Finance

Folks Finance is a pioneering DeFi platform that offers a comprehensive suite of decentralized financial services, including cross-chain lending, borrowing, and trading. With a focus on security, efficiency, and user empowerment, Folks Finance is dedicated to reshaping the financial landscape by leveraging blockchain technology.

About Base

Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users onchain. Powered by Optimism’s OP Stack, Base is one of the most secure and scalable EVM L2s out there.