The FOLKS project in the Algorand ecosystem has officially launched its lending market feature. Users can now perform various operations within this ecosystem: deposit FOLKS tokens to earn yields, use FOLKS as collateral, borrow other assets — while continuously accumulating ecosystem points. This design allows users' capital to flow within the ecosystem, earning passive income and increasing their equity multiplier. In simple terms, your FOLKS are not just idle assets but tools that can continuously generate value in the DeFi market.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
7
Repost
Share
Comment
0/400
OnchainDetectiveBing
· 01-16 13:45
Uh, this FOLKS lending has gone live, but how's the liquidity? Will it be another flash-in-the-pan project?
View OriginalReply0
ChainBrain
· 01-16 08:18
Now FOLKS can really be used, it was just cold and lying in the wallet before.
Algorand is on the move again, the lending market is really aggressive.
FOLKS has some substance, a one-stop solution for collateralized lending, just worried about liquidity.
The key is the ecological points, it depends on what can be done.
Finally has a legitimate use, otherwise it would have been a waste to hold.
View OriginalReply0
DataOnlooker
· 01-16 04:16
The lending market is now live, it seems like FOLKS really wants to activate the token this time
Finally it's not just a pure inflationary token, quite interesting
Collateral mining for points? This combo punch is okay, just depends on how the gas fees are calculated
Can FOLKS break out? The Algorand ecosystem is a bit cold
I've seen a lot of stacking yield strategies, the key is whether the APY will drop in the end
Still the same point, it's never wrong to tidy up idle assets
This is truly making money work for you; passive income is the way to go
Feels like lending protocols are popping up everywhere, so where's the differentiation?
Another algorithm chain is coming, competition will be fierce
View OriginalReply0
AirdropChaser
· 01-15 01:00
FOLKS's lending platform can start earning points as soon as it goes live, feels like an opportunity to exploit the system.
View OriginalReply0
MemeKingNFT
· 01-15 00:59
Is this the same narrative of "letting capital flow generate value" again... I have to ask, will FOLKS this time also be just another "bottoming phase" pretense?
View OriginalReply0
RugDocDetective
· 01-15 00:56
Whoa, FOLKS lending is directly online? I need to carefully study whether this points system is really worth it.
View OriginalReply0
ValidatorViking
· 01-15 00:42
folks lending going live... alright, let's see if this actually holds consensus or just another yield trap dressed up as utility
The FOLKS project in the Algorand ecosystem has officially launched its lending market feature. Users can now perform various operations within this ecosystem: deposit FOLKS tokens to earn yields, use FOLKS as collateral, borrow other assets — while continuously accumulating ecosystem points. This design allows users' capital to flow within the ecosystem, earning passive income and increasing their equity multiplier. In simple terms, your FOLKS are not just idle assets but tools that can continuously generate value in the DeFi market.