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Folks Finance Lending
Folks Finance Lending

Folks Finance Lending

Lending

Folks Finance is a user-focused DeFi platform built on Algorand, where people can lend their assets to earn passive income or use their holdings as collateral to access loans. Since its launch, the protocol has grown into a versatile, multi-chain hub, allowing for smooth transactions across different blockchain networks. With support from well-known investors like Coinbase, Jump Crypto, and OKX Ventures, Folks Finance benefits from strong industry backing. The protocol emphasizes security through regular audits by firms like Trail of Bits and Certik. It also prioritizes sustainability, working with ClimateTrade to offset its carbon footprint, aligning with Algorand’s eco-friendly approach.

TVL
$87 274 453
Blockchain
N/A
Promo bonus
No bonus for now
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Folks Finance Lending offers

WBTC
Est. APY
0.24%
Status
Available
Term
Flexible
TVL$528 218
Blockchain
Algorand
Algorand
ALGO
Est. APY
2.79%
Status
Available
Term
Flexible
TVL$29 306 330
Blockchain
Algorand
Algorand
USDC
Est. APY
9.01%
Status
Available
Term
Flexible
TVL$2 120 076
Blockchain
Algorand
Algorand
USDT
Est. APY
2.61%
Status
Available
Term
Flexible
TVL$50 749
Blockchain
Algorand
Algorand
OPUL
Est. APY
0.38%
Status
Available
Term
Flexible
TVL$114 830
Blockchain
Algorand
Algorand
WETH
Est. APY
2.89%
Status
Available
Term
Flexible
TVL$201 408
Blockchain
Algorand
Algorand
GOETH
Est. APY
0.24%
Status
Available
Term
Flexible
TVL$654 256
Blockchain
Algorand
Algorand
GOBTC
Est. APY
0.07%
Status
Available
Term
Flexible
TVL$2 430 613
Blockchain
Algorand
Algorand

Crypto earn alerts on Folks Finance Lending

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Folks Finance Lending, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Folks Finance Lending.

Earning crypto on Folks Finance Lending

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Folks Finance Lending. Check the table above for all the details.

Current TVL of the Folks Finance Lending protocol

The Folks Finance Lending protocol's Total Value Locked (TVL) is currently $87 274 453. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Folks Finance Lending is holding.

Folks Finance Lending protocol type

Folks Finance Lending is a decentralized finance lending platform that allows users to earn interest by lending assets or expand their holdings through borrowing. Built with smart contracts, Folks Finance Lending provides a secure and transparent environment for transactions, offering flexibility and control without traditional intermediaries.

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