In simple terms, @FolksFinance is not "another DeFi" but aims to truly streamline cross-chain lending.
It started with Algorand, refined for five years, and now covers 9 mainstream chains. The biggest highlight is:
You can deposit money on one chain and borrow on another, without cross-chain bridges or wrapped assets; liquidity is unified, and it feels more intuitive to use.
The latest xChain V2 continues to deepen the cross-chain experience, supporting more non-EVM chains and being more suitable for advanced strategies, with a clear goal—to make cross-chain lending the default option in the industry.
Next, there’s Folks Mobile, collaborating with licensed institutions to integrate asset management, returns, and cross-chain operations into a compliant and user-friendly mobile entry, rather than just piling on features.
$FOLKS now allows participation in staking for annual returns, and the second season of points is underway; daily use of the protocol can accumulate rewards, which will be directly linked in the future. Creators can also gain additional incentives through Airaa activities, with a low participation threshold but significant potential.
Overall, Folks seems to be slowly building a long-term usable financial infrastructure rather than chasing short-term trends.
