A cross-chain lending and borrowing protocol that lets you put crypto to work on Avalanche, Ethereum, Base, Arbitrum, Polygon, and more — from one unified account.
Deposit assets on Avalanche and borrow on Ethereum — the Folks Finance platform tracks collateral across chains via Chainlink CCIP, Wormhole, and Circle CCTP messaging layers.
Choose between variable APY that shifts with pool utilization or lock in a stable borrow rate. Current USDC variable borrow sits near 7.98%; stable tracks around 13.55%.
Every deposit, borrow, and repayment earns points. USDT0 and USDC carry up to x2.5 multipliers. Points accumulate automatically — no manual claiming required.
All health-factor calculations use real-time oracle data from Chainlink. This removes reliance on on-chain spot prices, a common manipulation target in older protocols.
The protocol accepts liquid staking tokens — sAVAX, stAVAX, wstETH, weETH, cbETH, rsETH, and others — as collateral, letting stakers keep earning staking rewards while borrowing.
Token holders vote on new asset listings, chain expansions, and risk parameters through the governance portal. No single entity controls protocol upgrades.
Smart contracts are built for auditability and are compatible with standard tooling including Ethereum-compatible frameworks. Internal testing pipelines use Hardhat for fork simulations.
Use any EVM-compatible wallet. The Folks Finance platform supports MetaMask, WalletConnect, and Coinbase Wallet. Pick your preferred network from the chain selector in the top navigation.
One on-chain account ties together all your positions across networks. This single transaction costs only the base network gas fee — roughly a few cents on Avalanche.
Pick any listed token and deposit. Your balance immediately starts earning the current deposit APY. USDT0 currently yields 11.5%; AVAX yields around 0.87%.
Use deposited collateral to open a loan — choose variable or stable rate. Or simply hold the deposit position and collect yield plus points without ever borrowing.
The account dashboard shows your health factor, accrued points, and all open positions in one view. Repay anytime; there are no fixed repayment deadlines.
Most DeFi lending apps operate on a single network. The team behind Folks Finance built native cross-chain support from day one, so your capital isn't trapped on one chain just because that's where it started.
Loan-to-value ratios, liquidation thresholds, and reserve factors are set on-chain and readable by anyone. No hidden parameters. Chainlink price feeds make liquidations predictable rather than arbitrary.
The points system pays out for lending, borrowing, and repaying. Honest users — the ones who actually use the protocol day-to-day — accumulate the most points over time. Simple.
Chainlink CCIP, Wormhole, and Circle CCTP run in parallel. If one bridge pauses, the others keep positions reachable. Three independent systems beat one.
Want a deeper look at the protocol design? Visit the info page or browse the Q&A section for specifics on supported assets and interest rate mechanics.
Folks Finance is a decentralized cross-chain lending and borrowing protocol. It lets users deposit assets to earn yield or borrow against collateral across networks including Avalanche, Ethereum, Base, Arbitrum, Polygon, and Monad.
Connect a compatible wallet, select your chain, create an on-chain account, then deposit any supported asset. Once deposited, you can borrow against it or simply collect yield and points.
Folks Finance's smart contracts have undergone independent security audits. The protocol uses Chainlink oracle price feeds to prevent price manipulation and relies on battle-tested interest rate models.
The protocol operates on Avalanche, Ethereum, Base, Arbitrum One, Polygon, BNB Smart Chain, Sei Network, and Monad testnet — with more networks added through governance votes.
Supported assets include USDC, USDT, USDT0, ETH, WETH, BTC variants (SolvBTC, BTC.b), AVAX, staked derivatives (sAVAX, stAVAX, wstETH), and a growing list of ecosystem tokens.
Yes. You deposit collateral on one supported network and can open a loan position that is visible and manageable from a unified account, regardless of which chain holds the collateral.
Points accumulate automatically when you deposit, borrow, or repay. Certain assets carry multipliers — for example, USDC and USDT0 positions currently earn up to x2.5 points per dollar of activity.
The protocol offers both variable and stable borrow rates. Variable rates adjust based on pool utilization; stable rates are fixed at the time of borrowing, giving users predictable repayment costs.
Folks Finance consolidates liquidity across networks, so you access deeper markets, more asset variety, and cross-chain collateral flexibility — all through one account rather than juggling several separate DeFi apps.
When a position's health factor drops below 1.0 — calculated from real-time Chainlink price data — the protocol allows third-party liquidators to repay part of the debt and receive a bonus from the collateral.
Folks Finance has a governance mechanism accessible through the staking portal. Token holders can vote on protocol parameters, new asset listings, and chain expansions.
Cross-chain message passing relies on Chainlink CCIP, Wormhole, and Circle's CCTP — three independent layers, giving the protocol redundancy if one bridge experiences downtime.