Folks Finance is the capital markets protocol for borrowing and lending built on top of the Algorand blockchain.
Folks Finance allows users to deposit liquidity to earn an economic return and obtain loans by providing collateral. The protocol utilizes the unique features of Algorand to guarantee scalability, low-cost transactions, and high level of decentralization and security.
Backers
20+
SOVO
Empowering bold innovation and driving global change.
Danu Ventures
Satellite to Boost Web3.
David Garcia
Founding Managing Partner at Borderless Capital.
Polymorphic Capital
Invest globally in teams creating the future of the internet with decentralized protocols.
Prismatic
On-Chain Asset Management, powered by Algorand.
xBacked
Makers of decentralized stable assets on Algorand.
