Folks Finance
Folks Finance is a permissionless algorithmic capital market protocol that offers lending and borrowing services on top of the Algorand blockchain. It aims to expand DeFi to …
Folks Finance is the product of extensive research and engineering that we've conducted, along with the support received from our specialized partners, aiming to build a secure and precise new financial system, centered around empowering users with the highest flexibility in DeFi for their loan & borrow positions.
Why Folks Finance
The need to scale and improve the previous generation of decentralized lending products has brought the development of this unique and innovative protocol.
INNOVATIVE SUSTAINABLE INCENTIVE SYSTEM
Designed for the stability of the protocol in the long term, Folks Finance has a unique incentive system that rewards only "good users" in a sustainable way. By virtue of our innovative Rewards Aggregator, the protocol enables external parties/protocols to incentivize specific pools of desired assets on Folks Finance. Therefore, the protocol is able to distribute multiple incentives while also simultaneously reducing the likelihood of an "Earn & Dump" reaction. The protocol also offers the opportunity for users to vest rewards, earning even more rewards while redeeming them slower.
SECURITY AND RISK MANAGEMENT
In order to ensure maximum safety and security for users, the protocol's source code has been audited three times. Moreover, the economic soundness of Folks Finance has also been extensively tested and vetted through a strategic partnership with a specialized company. Folks Finance has a unique way of defining a loan's parameters, wherein every crypto pair collateral and/or borrowable asset is tested and simulated before defining the relative threshold and parameters in an effort to ensure the lowest risks for users.
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