During this time, I have been continuously following @FolksFinance, and the more I look at it, the more I feel that it is taking a 'slow but correct' DeFi route.

Folks Finance is not a project that suddenly emerged; it is an established protocol that has been deeply engaged for over 5 years, evolving step by step from a leading DeFi on Algorand to a cross-chain lending hub. The core problem it addresses is very straightforward—liquidity fragmentation. In Folks, you can deposit assets on one chain and borrow assets from another chain, without needing cross-chain bridges or wrapped assets. This design of 'unified liquidity' is very friendly for those who truly use DeFi.

The ongoing xChain V2, in my opinion, is an industry-level directional upgrade. It's not just about expanding chains, but about making cross-chain lending a 'default infrastructure,' supporting more non-EVM networks and providing deeper combination space for complex strategies. If V1 is about running the model, V2 is more like defining the standards.

Another surprise for me is Folks Mobile. It is not simply making a wallet; it collaborates with licensed VASPs to try to integrate asset management, yield opportunities, cross-chain access, and strategy execution into a regulated and more user-friendly mobile entry, which is rare in the current DeFi narrative.

On the ecological level, Folks has covered 9 mainstream public chains and is supported by infrastructures like Wormhole, Chainlink CCIP, and Circle CCTP. Coupled with the past large airdrop of 1.5 million $FOLKS, the ongoing second season of points, and the Airaa event involving creators, it is evident that the project values long-term community and users.

From products, ecology to incentive design, Folks Finance gives me the impression that it is not chasing short-term heat but is paving the way for the next stage of DeFi.