Folks Finance
AuditedVerifiedTrendingFolks Finance is Algorand's largest DeFi protocol — an over-collateralised money market paired with xALGO liquid staking, gALGO liquid governance and a Wormhole/CCIP-powered cross-chain lending hub spanning nine networks.
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The Problem
Algorand users had no way to earn consensus rewards, keep their ALGO liquid, and borrow against it at the same time — and DeFi users on other chains have to bridge assets manually and manage a separate lending position on every network.
The Solution
Folks Finance combines an over-collateralised money market, xALGO liquid staking with instant un-pausable redemption, and a hub-and-spoke cross-chain lending layer that gives a user one unified collateral-and-debt account across nine networks.
Why it Matters
The core Algorand contracts are provably immutable — the deployed TEAL has no UpdateApplication branch — and the only upgradeable module is guarded by a 24-hour timelock requiring the new bytecode hash to be pre-committed on-chain, all behind a 4-of-7 native multisig with token freeze and clawback renounced.
Protocol Metrics
Related Research
View allFrequently asked questions about Folks Finance
What is Folks Finance?+
Folks Finance is a Lending protocol operating on Algorand, Avalanche, Ethereum, Arbitrum, Base, BSC, Polygon, Sei, Monad. Folks Finance is Algorand's largest DeFi protocol — an over-collateralised money market paired with xALGO liquid staking, gALGO liquid governance and a Wormhole/CCIP-powered cross-chain lending hub spanning nine networks.
How does Folks Finance work?+
Folks Finance combines an over-collateralised money market, xALGO liquid staking with instant un-pausable redemption, and a hub-and-spoke cross-chain lending layer that gives a user one unified collateral-and-debt account across nine networks.
Is Folks Finance safe?+
DeFi Sentinel rates Folks Finance AA with a safety score of 84/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Folks Finance has 12 audits on record. DeFi Sentinel's analysis flagged 1 high, 4 medium, 2 low risk alerts across Sustainability & Competitive Position, Economic Design & Market Risk, Governance & Centralization and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Folks Finance?+
Folks Finance has a DeFi Sentinel safety score of 84/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Folks Finance support?+
Folks Finance is deployed on Algorand, Avalanche, Ethereum, Arbitrum, Base, BSC, Polygon, Sei, Monad.
Has Folks Finance been audited?+
Yes. Folks Finance has 12 audit reports on record from firms including Trail of Bits, CertiK, Runtime Verification. Audit reports and dates are linked under the Resources tab on this page.