Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Folks Router DEX aggregator enables native swaps on the protocol and composability with the other operations. Flash loans give developers the keys to deep liquidity. Algo Liquid Governance and Cross-chain Algo Liquid Governance provide the most efficient method of participating in Algorand Governance through gALGO and xALGO, whose use cases continue to expand rapidly.
Token Utility: FOLKS utilities drafted so far will be based on the amount of token staked to:
Higher loan cashback (we incentivize only good borrower)
Lower swaps fees
higher debit card cashback
Website: https://folks.finance/
Team evaluation: 9
Project rating: 8
Total supply (Max supply): 50,000,000
Project risk percentage: 10% - 20%
(TGE) The market launch date: May 2024
Positive Notes:
- Frictionless User Experience: Folks Finance provides a UX that rivals CEXs by abstracting away the complexities typically associated with cross-chain interactions.
- Unified Liquidity Pool: The protocol’s shared liquidity across all Spoke Chains maximizes capital efficiency and availability.
- Efficiency Loans: Our protocol allows for higher Loan-to-Value (LTV) ratios, especially for price-correlated tokens.
*Advanced lending features: Folks Finance offers a variety of advanced lending features such as swap collateral, multi loan, repay loan with collateral, repay loan with another asset etc. - Innovative Incentive Model: Unlike other protocols that rely on aggressive token emissions, Folks Finance has designed a sustainable incentive model.
- Low Entry Threshold: Folks Finance welcomes users of all sizes, with the ability to start with minimal investment.
- Liquid Staking: Participate in network security and earn staking rewards without locking up assets.
- Leveraged Liquid Staking: Leverage Liquid Staking commitment thanks to the use of the lending infrastructure and flash loans.
- Leveraged Trading: Access to cross-chain leveraged positions, enabling sophisticated trading strategies.
Negative Notes:
- Initial Market Cap is a bit high compared to other projects
Personal Opinion on the Project:
Folks Finance emerges as a promising non-custodial DeFi protocol, leveraging smart-contract technology to provide advanced financial tools for digital assets. Its decentralized nature eliminates centralized risks, allowing users to earn yield through deposits and utilize assets as collateral for loans. The integration of the Folks Router DEX aggregator facilitates native swaps and composability. Flash loans offer developers access to deep liquidity, while Algo Liquid Governance provides efficient participation in Algorand Governance. I think this is a low risk good for long term project
Athena DexFi Deal:
Average price: 1.26 usdt
Vesting:
49.83% of tokens = 10% at TGE, 6m cliff, 6m vesting
50.17% of tokens = 10% at TGE, 12m vesting
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