Folks Finance
Cross chain lending protocol: deposit on one chain, borrow on another, all from a single account.
01 / THE WORK
What we built together
Overview
Folks Finance began as one of the leading lending protocols on Algorand, with money markets and liquid staking. It then took a bigger step with its cross chain lending product: one account that works across many networks, so you can supply collateral on one chain and borrow on another.
What stands out
- Cross chain by default. Collateral and loans do not need to live on the same network.
- No manual bridging. Cross chain messaging handles the movement between chains behind the scenes.
- One account. A single position across supported EVM networks instead of a separate one on every chain.
- Proven roots. Years of running lending markets before going multichain.
Why it is on this list
Liquidity is spread across more chains than ever, and moving it around is still painful. Folks Finance tackles that at the lending layer, which is exactly where fragmentation hurts the most.
