G10 Targeted DeFi Rewards Distribution Plan

January 4th, 2024

Project: 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 by providing users with inclusive and accessible financial tools, all while running on permissionless smart contract technology.

Wallet Address: [3ZYJXLLQMD3K3B62B7ABWVZ53PUTQDWA3AM3TPXUFWLGGYPEGH255UGZK4]
Sum to be distributed: 1.875 Million ALGO

The Algorand Foundation is continuing its Targeted DeFi Rewards initiative in Governance Period 10. 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: Folks Finance has collaborated with the other protocols for joint distribution, which will result in an increase in the rewards allocated to the pools. We recommend that you consult the Targeted Rewards plans of our partners.

Allocation may vary during the period.

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 by providing users with inclusive and accessible financial tools, all while running on permissionless smart contract technology.