Folks Finance’s Targeted DeFi Rewards Boost Distribution Plan for Algorand Governance 11

The Algorand Foundation is continuing its Targeted DeFi Rewards initiative in Governance Period 11. Folks Finance is once again eligible to receive 1.875 million ALGO from the Algorand Targeted DeFi rewards program. 5% of the previous period’s amount was set aside, equal to 93,750 ALGO.

Rewards are intended to be allocated according to the following proposed distribution:

Note: Some pools will have a higher allocation because they will be co-incentivised by our partners.

About Folks Finance:
Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place. Folks Finance streamlines the DeFi experience with a UI and UX competitive to centralized exchanges, all while running on permissionless smart contract technology.