Folks Finance

ibu Karel, CMO of Folks Finance, will be speaking at the Chainlink Labs x The Arbitrum Foundation SmartCon Watch Party in NYC, on October 30th. 🗽 Financial institution leaders and blockchain pioneers are coming together, showcasing how they’re bringing markets onchain. Expect great food, drinks, and exclusive swag, but more importantly—insight. Come join us → https://lnkd.in/eVxAYiwR

Folks Finance just integrated LI.FI into xChain. What does that mean? Simple: crosschain swaps at the best possible rates. Now you can lend, borrow, and trade—all crosschain, all in one place. No more bouncing between platforms. Just a clean, easy-to-use interface.

Folks team catching up at Avalanche Summit LATAM 🔺🇦🇷 ➡ CMO ibu Karel ➡ CEO Benedetto Biondi ➡ CM Filippo Moraschi ➡ Ambassador Cristian Viguri Ready to keep the energy going as we dive into Day 2!

Folks Finance has integrated BNB Chain Innovation into the xChain mainnet. What does that mean? Simple. Lending and borrowing between BNB and other networks just got a whole lot easier. Crosschain transactions can be a headache. But not anymore. With Binance’s network now on board, you can seamlessly move assets across chains without the usual friction. Whether you're in DeFi for lending, borrowing, or just exploring new opportunities, this opens up a ton of possibilities. BNB Chain + xChain = smooth, efficient, and more flexible DeFi. It’s time to take your crosschain game to the next level.

Folks Finance is the largest DeFi app built on Algorand, and they’re transforming decentralized finance 🏦 Starting as a lending protocol, they’ve expanded to offer: 🔹 Lending 🔹 Liquid Staking 🔹 Swaps 🔹 Leverage Trading 🔹 On/Off Ramps Building on Algorand gives their users an efficient experience with instant finality, ensuring every transaction is fast and secure.

Too many crypto companies raise millions and spend it all on sponsorships. Big mistake. Sponsorships might grab attention, but without actual development, they’re just noise. It’s like buying a billboard for a product that doesn’t exist yet. Here’s where Benedetto Biondi did things differently. Doing the opposite. He built a profitable DeFi protocol during the bear market. No hype, just results. This is where a lot of companies miss the mark. Attention is currency, but it only works when you have something real behind it. If you're in Web3, think about where your budget is going. Are you building? Or are you just buying attention?

Liquidity fragmentation is, and will remain, one of the main problems in the Web3 space. To access competitive yields, users often have to interact with bridges, use synthetic tokens, and so on. Several initiatives are trying to solve this problem at the chain level, such as the Aggregation Layer (Agglayer). Sometimes, however, the simplest ideas are the most effective. For example, my friend Benedetto Biondi from Folks Finance is solving the problem by using cross-messaging and Circle’s CCTP to create cross-chain lending markets, avoiding wrapping, bridging, or fragmentation. In essence, he utilizes generic messaging protocols such as Wormhole, Chainlink CCIP, and Circle CCTP to create communication between two chains. In Folks’ case, the hub-and-spoke chain manages collateral between them, without the need for wrapping or bridging. He has taken it even further by integrating other DeFi primitives into Folks, abstracting the whole complexity of the Web3 space, essentially turning it into a one-stop DeFi shop for his community. To me, it looks like the DeFi of tomorrow—solving real problems with simple means and a UX-centric execution.

Coinbase brings Bitcoin onchain. Folks Finance takes it crosschain. Coinbase has launched cbBTC, enabling millions of Bitcoin holders to securely bring BTC onchain, backed by the largest CEX in America. Folks Finance allows users to unlock the value of their BTC like never before. Deposit cbBTC on Base, then borrow any supported asset against cbBTC — on any chain — without concerns of bridging or liquidity fragmentation. With cbBTC on Folks, DeFi just got a lot more flexible for Bitcoin holders. Together, we’re building the global onchain economy for everyone.

For web3 companies, rewarding community is not just a “nice to do” – it’s a “must-prioritize.” That's why we're excited to introduce Folks Points💧 – a new way to recognize and reward lenders, borrowers, creators, and early supporters who contribute to the success of the Folks Finance protocol. Whether you're an OG, a degen, or a first-time user, Folks Points offer a variety of ways to earn through activities like: 1) 💧 Depositing and Collateralizing 2) 💧 Borrowing and Repaying 3) 💧 Completing Social Tasks 4) 💧 Referring others to join Ready to get started? Check out the full guide for more details on how to maximize your rewards: https://lnkd.in/dY3qz3k5.

The $100k Folks Finance Audit Competition is finished and the full results have been posted! Check this link below for the full leaderboard: https://lnkd.in/ewX7-kFE 🔍🔍🔍 #Immunefi is Web3's leading crowdsourced security platform, protecting over $190 billion in user funds. Follow us for more content on #BugBounty, #BugBountyTips, #Web3, #Crypto, #Blockchain, #Cybersecurity, #DeFi, #Hackers, and more.