Folks Finance Expands Crosschain Lending Hub with BNB Chain Network Integration

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

With the addition of BNB Chain, Folks’ users can enjoy efficient transactions and low fees, expanding their opportunities for lending and borrowing. BNB Chain’s large user base and high throughput 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 BNB Chain. You need to collateralize some funds to borrow USDC — what do you do? You could bridge the funds from every other chain to the BNB Chain, 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 BNB Chain, effortlessly.

Testnet is currently live at testnet.xapp.folks.finance.

Try the testnet and get rewarded. Complete the Subway Riders Galxe Quests for prizes and recognition.

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 BNB Chain

BNB Smart Chain is a high-performance blockchain platform designed to enable the development of scalable and user-friendly decentralized applications (DApps), particularly in the decentralized finance (DeFi) space.