Recently, I've been seriously researching @FolksFinance and feel that this is a cross-chain DeFi project that is underestimated by many, but has a very clear direction.
Folks is not a new protocol that suddenly appeared, but an established team that has been deeply engaged for over 5 years, originally the leading lending application in the Algorand ecosystem, and has now evolved into a unified liquidity DeFi center across 9 mainstream public chains, integrating lending, trading, leverage, and liquidity staking into the same system.
The core problem it solves is very direct: the fragmentation of cross-chain liquidity. On Folks, you can store assets on one chain and borrow assets on another chain, without needing to bridge yourself or wrap assets, providing an experience very close to Web2. The upcoming xChain V2 will support more non-EVM chains and provide deeper cross-chain integration for complex strategies, with the goal of making "unified liquidity lending" the industry default option.
Fundamentally, it is also very solid: Folks is backed by first-tier institutions such as Coinbase Ventures, Jump, ParaFi, and infrastructure collaborations include Wormhole, Chainlink CCIP, and Circle CCTP. The ecosystem is already running effectively.
The community aspect is also worth paying attention to. The Folks Points Season 2 is underway, with the first season having distributed 1.5 million $FOLKS tokens to users, making it one of the largest airdrops this year; there is also the Airaa creator initiative, allowing content creators to directly participate in ecosystem incentives.
Overall, Folks is not telling a short-term story, but rather the long-term direction for the next phase of cross-chain DeFi, making it suitable for ongoing attention and participation.
