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Folks Finance - Strategic
Overview
About Folks Finance - Strategic
Folks Finance announces the strategic investment from Algorand Foundation. Algorand Foundation's support will fuel the cross-chain expansion of Folks Finance, driving significant progress within the ecosystem.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Foundation | Singapore | 2019 | 31 | -- |
Founders & Team
Benedetto Biondi
Company Profile / Project Introduction
Folks Finance is a non-custodial DeFi protocol providing financial tools for managing 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 Deflex DEX aggregator enables native swaps on the protocol and composability with the other operations.