Folks.Finance

The capital markets protocol for borrowing and lending built on top of the Algorand blockchain

Folks Finance allows users to deposit liquidity to earn an economic return and obtain loans by providing collateral. The protocol utilizes the unique features of Algorand to guarantee scalability, low-cost transactions, and high level of decentralization and security.

Deposit crypto and gain interests

Deposit crypto and borrow stablecoin

Escrow Contract liquidation mechanism

Ownership and governance tokens

It allows users to deposit ALGO and other supported ASA assets as collateral and borrow stablecoins and other ASAs with algorithmically adjusted, real block-time interest rates.

Provide liquidity, run an Oracle, get rewards

To involve various actors, sharing efforts and earnings, realizing an actual decentralization of interests

Algorand ASC1 stateful TEAL contracts

To leverage scalability, security, decentralization of the Algorand blockchain

FOLKS governance token

To vote on the mechanics of the protocol and manage future  upgrades

Roadmap

January - April 2021

January - April 2021

Design and development of the ASC1 Smart Contracts basic protocol,
Development of raw user interfaces

May - July 2021

May - July 2021

 Design and development of the protocol (ASC1 Smart Contracts) relating to governance and liquidity provision,
Design and development of the smart-contract for sale with bonding curves (TBD),
Investment UI mockup
Governance UI mockup

July - December 2021

July - December 2021

Accurate specification of the economic model,
Design and development of the price oracle,
Development of complete user interfaces
Testnet implementation and integration tests of the technical mechanisms of the protocol

January 2022

January 2022

Mainnet deployment of contracts and front-ends,
Provide initial liquidity to the contract

Core Team

Benedetto Biondi

Benedetto Biondi

CEO

Pietro Azzara

Pietro Azzara

President & Founder

Andrea Lepidio

Andrea Lepidio

CTO - Lead Blockchain Developer

Michelangelo Riccobene

Michelangelo Riccobene

Senior Blockchain Engineer - Protocol Architect

Filippo Moraschi

Filippo Moraschi

Community Manager & Incentives Strategist

Luca Meneghini

Luca Meneghini

Co-Lead Blockchain Developer

Eva Mazzeschi

Eva Mazzeschi

Social Media Manager

Margherita Leder

Margherita Leder

Marketing Manager

Crew

Partners

Close Bitnami banner
Bitnami