Higher yield with Lock & Earn

Folks Finance
2 min readMay 12, 2022

What is Lock & Earn?

Lock&Earn is an innovative feature of Folks Finance that allows users to receive rewards by simply locking their cryptocurrencies for a fixed-term period.

Unlike a simple deposit, the fTokens representing the deposit cannot be redeemed until the end of the lock-up term.
To incentivise the commitment, the user receives an ordinary deposit APR, plus an amount of Folks Reward Token (frToken), proportional to the length of the locked period.

How to use Lock & Earn?

  1. Go to the Folks Finance dApp.
  2. Click Lock & Earn in the navigation bar.
  3. In the Lock & Earn section, choose the available asset you want to provide.
  4. Choose the duration of the lock-up period.
  5. Select the amount you want to lock and click “Continue”.
  6. If you provide an ASA token for the first time, opt-in to a frToken by clicking on “Opt-in”.
  7. Click on “Lock & Earn”.
  8. If you have completed all the steps, a confirmation message will appear.​
How to use Lock&Earn

How to redeem?

Once the lock-up period is over, you can quickly redeem your assets. Let’s see how:

  1. Go to the Folks Finance dApp;
  2. Click on Lock & Earn in the navigation bar;
  3. In the My Locked Deposits section, select the asset you would like to redeem;
  4. In the Lock & Earn pop-up, click “Continue”;
  5. If this is the first time you have withdrawn this token, you will be asked to opt-in to the fToken you will receive;
  6. Confirm the operation;
  7. If everything has been carried out correctly, you will receive a successful message.


I​​n order to ensure constant availability of liquidity, depositing via Lock&Earn allows the user to instantly receive the Folks Reward Token (frToken). Moreover, by staking the rewards received in the Rewards Aggregator the final APR could become very attractive.

The Lock & Earn has been designed to avoid the lack of liquidity at the launch of a new market, or when the pool shares are dominated by big whales. When many borrows are requested in landing protocols it is quite common that depositors cannot redeem their funds due to a lack of liquidity. In the event of such an occurrence, the governance can immediately open a new Lock & Earn period to increase the protocol soundness and reliability.

The mission of Folks Finance is to allow its users to earn good yields at low risk and guarantee the protocol wealth.

Keep in mind:

  • The longer the lock-up period, the higher the profit!
  • During the lock-up period, it is not allowed to redeem fTokens or use them as collateral.






Folks Finance

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