Folks Finance

Overview

Folks Finance is a decentralized finance (DeFi) protocol built on the Algorand blockchain. It specializes in capital markets services, including lending, borrowing, staking, and trading digital assets in a permissionless and non-custodial manner. The platform aims to make decentralized financial services accessible to users of all wallet sizes, including those new to cryptocurrency.

The protocol leverages Algorand’s high-speed, low-cost transactions to create an efficient DeFi ecosystem. It features siloed money market liquidity pools, risk-adjusted credit, and robust incentive systems. Users can earn passive income by depositing crypto assets or borrow loans by locking collateral. Folks Finance also offers liquid staking, a decentralized exchange (DEX) aggregator for efficient trading, and cross-chain solutions for managing assets across multiple networks. The platform emphasizes security, having undergone multiple audits, and supports community governance through its token systems. With a strong community presence and significant funding, it is positioned to promote wider adoption of DeFi services globally.

Basic Information

Industry	Financial services
Founded	2021
Headquarters	2k Lower 40, Wilmington, Vermont, 05363, United States

Contact Details

Phone: +852 3669 8333
Website: folks.finance
LinkedIn: linkedin.com/company/folksfinance

Key Focus Areas & Initiatives

Blockchain
DeFi
Crypto
Crosschain
Trading
Lending
Borrowing
Staking
DeFi education resources
Cross-chain messaging
Protocol security
Algorand liquid staking
Liquid staking
DeFi SDKs
DeFi tutorials
Liquidity pools
Multi-network interoperability
Permissionless smart contracts
Algorand ecosystem
Financial technology
Community support
Protocol security measures
Decentralized finance
Multi-network asset management
Community governance
Permissionless platform
Community governance in DeFi
Protocol audits
Multi-network support
Xchain architecture
Cross-chain liquidity
Cross-chain liquidity infrastructure
Staking and borrowing
Liquidity management
Smart contract deployment
Software development
Liquidity pooling across networks
Algorand app
Smart contracts
Cross-chain lending
SDK integration
Decentralized protocols
Interest rate model
Permissionless DeFi tools
SDK for DeFi development
Audit by experts
SDKs for developers
Services
Securities and commodity contracts intermediation and brokerage
Education
Portfolio management
Asset management
Risk management
Finance technology
Information technology & services
Financial services

Technologies Used

AI
Amazon SES
Discord
Gmail
Google Apps
Google Tag Manager
MailUp
Mailchimp Mandrill
Mobile Friendly
React Redux
Remote
Render
Route 53

Folks Finance | Company Profile