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FOLKS

Folks Finance

Capital markets protocol for borrowing and lending

folks

Twitter

Medium

Categories:

DeFi

Lending

Ecosystem:

Ethereum

Avalanche

Base

Founded:

2021

Folks Finance is a capital markets protocol for borrowing and lending, built on top of Algorand. Users can deposit assets to accumulate yield, take loans by providing collateral, swap assets via Folks Router, and participate in Algorand Governance through gALGO and xALGO assets.

Folks Finance Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
Series A	$4M	$75M	Nov 14, 2024	Borderless Capital* Mapleblock
Strategic	--	--	Feb 06, 2024	SkyBridge20 Ventures Mapleblock Absoluta Digital Algorand Foundation
Seed	$3M	--	Jan 20, 2022	Borderless Capital* GBV Capital Gains Associates Valhalla Capital ZBS capital Calvin Liu OKX Ventures ParaFi Capital Algorand Foundation Eterna Capital Meld Ventures Polymorphic Capital Coinbase Ventures Jump Crypto Youbi Capital

Investor

Folks Finance Team

Benedetto Biondi

Chief Executive Officer

FOLKS

Add

-0.75%

Total dollar volume24H

$25,509,948

High24H

9.708 USDT

Low24H

9.273 USDT

Market Cap

#247$115,750,684

FDV

$474,450,000

Market Cap / FDV Ratio

0.24

Turnover rate

22.04%

Circulating supply

12,198,407

Total supply

50,000,000

Max supply

50,000,000

All time high

10.875 USDT

All time high date

Nov 21, 2025

Down from All time high

-12.74%

Cycle low

5.661 USDT

Cycle low date

Nov 21, 2025

Up from cycle low

67.62%

Contracts

Official links

Socials

Introduction

Folks Finance is a leading decentralized finance (DeFi) protocol originally built on the Algorand blockchain. It enables users to access lending, borrowing, and staking services in a fully decentralized and permissionless way, empowering individuals to manage their digital assets efficiently.

As the platform evolved, Folks Finance expanded beyond Algorand to become a multichain DeFi hub, connecting liquidity and opportunities across multiple blockchains through advanced cross-chain messaging technologies. This innovation allows users to interact seamlessly across ecosystems without the need for complex bridging processes.

Through its hub-and-spoke architecture, Folks Finance offers a unified and intuitive experience for users and developers alike. Alongside its xChain dApp and liquid staking solutions like xALGO, the platform continues to drive DeFi accessibility, scalability, and interoperability across the broader blockchain landscape.

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