Folks Finance

Capital markets protocol for borrowing and lending

folks.finance

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Overview

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Folks Finance is a capital markets protocol for borrowing and lending, built on top of Algorand. Users can deposit assets to accumulate yield, take loans by providing collateral, swap assets via Folks Router, and participate in Algorand Governance through gALGO and xALGO assets.

Tags: DeFi Lending

Ecosystem(1): Algorand

Founded: 2021

Fundraising

Borderless Capital

Lead

Coinbase Ventures

OKX Ventures

ParaFi Capital

Youbi Capital

GBV Capital

Mapleblock

Jump Crypto

Polymorphic Capital

ZBS capital

Algorand Foundation

Dewhales Capital

Absoluta Digital

Gains Associates

Eterna Capital

SkyBridge20 Ventures

Round	Amount	Valuation	Date	Investors
Strategic	--	--	Feb 06	Algorand Foundation, Mapleblock, Absoluta Digital, SkyBridge20 Ventures
Seed	$ 3 M	--	Jan 20, 2022	Borderless Capital*, Coinbase Ventures, ParaFi Capital, OKX Ventures, Youbi Capital, Jump Crypto, Algorand Foundation, GBV Capital, Polymorphic Capital, ZBS capital, Meld Ventures, Eterna Capital, Valhalla Capital, Gains Associates, Calvin Liu, David Garcia