Folks Finance

Folks Finance is currently the leading DeFi protocol on Algorand offering a full set of tools including Lending, Borrowing, Swaps, On-Ramping, and Algo Liquid Governance (ALG).

Through lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Folks Finance’s loans guarantee the highest efficiency and flexibility. Users can choose between stable and variable interest rates, collateralize and borrow multiple assets in the same loan, and repay at any time with any assets.

Through borrowing, users can take loans by locking deposited funds as collateral. Thanks to blockchain instantaneous transactions settlement the loans are always overcollateralized and secured, while preventing the borrowers from bad-debt positions.

Through integrated Swaps, users can trade crypto efficiently with high speed and low fees.

Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house located in Milan.

Folks Finance headquartered in Oceania, operates in the Software, Financial Services, FinTech, Blockchain, Cryptocurrency sector. The company focuses on Software and has secured $180.0M in funding across 60 round(s). With a team of 11-50 employees, Folks Finance is actively contributing to advancements in Software. Their latest funding round, Funding Round - Folks Finance, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.