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 - March 2021

January - March 2021

Design and development of the basic ASC1 Smart Contracts
(Deposit, Redeem, Borrow, Repay Borrow)
Development of raw user interfaces

April - July 2021

April - July 2021

Protocol live demo
Design and development of the protocol (ASC1 Smart Contracts) related to Liquidation
Design and development of the price oracle

July - September 2021

July - September 2021

Design and development of the basic ASC1 Smart Contracts
(Liquidity providing, loyalty rewards, Flash loans)
Accurate specification of the economic model of the protocol
Implementation of economic model in smart contracts
Tokenomics design
UX and UI design and development
Continuation of initial smart contract testing
Audit of protocol design
Tokenomics release

October - December 2021

October - December 2021

Protocol performance optimization and testing
Intensive smart contract testing
White Paper release
Start full smart contract audit by Runtime Verification
Beta version of protocol released on testnet
Post Audit Smart contract review

January 2022

January 2022

Post Audit Smart contract review
Smart contract finalisation
Launch of the protocol on the mainnet

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

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