$FOLKS News 002

✨ A $10 million USD promotion program for xChain V2 (December 10, 2025) ✨

🔥 Overview:

Folks has allocated 1 million FOLKS (~$10 million USD) to encourage the adoption of xChain V2. The upgrade supports EVM/non-EVM chains and integrates with the Folks Mobile app to borrow money via debit cards. Users still retain profits from collateral assets while using borrowed funds, a new feature in DeFi.

🔥 This means:

This could drive TVL growth by addressing liquidity issues across chains. The FOLKS token gains utility as an incentive, but competition from established lending protocols like Aave may pressure acceptance rates.

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