Folks Finance supports Algorand wallets. Learn how to create a wallet using two of the most popular options – Pera and Defly. It’s a simple process which unlocks a whole new ecosystem!

Creating an Algorand Wallet

You'll need a blockchain wallet to use Folks Finance. Folks is compatible with Pera Wallet, Defly, and Fireblocks. Set up one of those wallets, then watch this video to get started.

Connecting your Wallet to Folks Finance

Depositing assets is the first step in accessing the lending markets on Folks Finance. After depositing, you'll be able to accrue the yield paid from borrowers, or collateralize your deposit for a loan.

How to Deposit Assets

Learn how to deposit assets into Folks Finance.

With the integration of Pera Onramp, you can buy crypto and access it directly from Folks Finance! Learn how to make the most of your time and money with this tutorial.

How to buy assets with Fiat money

After depositing assets, you can create a loan position by collateralizing assets, then borrowing. There are many methods and structures for loans on Folks Finance. Get familiar with how to manage your loan with this video.

Basic Loan Management

Loans are a core feature of Folks Finance.

Liquid Governance allows you to commit to Algorand Governance while maintaining the liquidity of your commitment. For each ALGO committed, one gALGO is minted and distributed, which is usable around the ecosystem for DeFi, NFTs, gaming, and social platforms.

Liquid Governance Intro

Leveraged Commit allows you to commit up to 4x your ALGO holdings to Liquid Governance in a single click! Thanks to the power of flash loans, you can increase your voting power and rewards.

Leveraged Commit

Multiply your governance commitment up to 4x.

xGovs are expert governors who commit the period’s rewards for one year in order to vote on community proposals. These community proposals are in regards to the allocation of funding and grants.

How to become an xGov

Voting with Liquid Governance is the easiest way to participate in Algorand Governance. With just a few clicks, you can put your ALGO to work to influence the direction of Algorand’s future.

How to Vote with Liquid Governance

By using the “Repay with Collateral” feature, you can easily repay the loan created for Leveraged Commit to unlock your ALGO commitment. It only takes a few clicks.

Repay Leveraged Commitment Loan

Close your leveraged commitment in a few clicks!

Lending Pools allow your deposit to earn yield from Folks’ lending markets and Pact’s trading fees at the same time. Learn how to easily get started using this innovative yield-generating product.

Lending Pools

It’s important to know what a blockchain is before learning more about crypto and DeFi. This technology is the foundation of what the entire industry is built on. Watch this video to get a basic introduction to the subject.


What is blockchain?

There’s an important difference between the terms “blockchain” and “crypto”. Beyond that, there are even multiple definitions and applications for the word “crypto” itself. After watching this video, you should have a grasp on how to use this important word in any context.


What is crypto?

Crypto has evolved far beyond bitcoin. As the technology matured, different versions of how to build a blockchain emerged. Learn about the two most common types of blockchains in this video.


Types of Blockchains

Decentralized Finance, or DeFi, is transforming our understanding of financial systems, promising transparency, efficiency, and democratization. This video introduces you to the basics of DeFi and explains why it's the next big thing in the world of finance.


What is DeFi?

Unraveling the Concept of Decentralized Finance.

Algorand, a layer-1 blockchain solution, has effectively addressed the blockchain trilemma: scalability, security, and decentralization. This unique capability has made it the platform of choice for Folks Finance. In this video, we dive into Algorand's innovative design and its exceptional performance capabilities.


What is Algorand?

xALGO brings the yield of Algorand governance cross-chain. Learn how to Mint & Burn xALGO on Binance Smart Chain, unlocking a vast DeFi landscape.

xALGO: Mint & Burn

Liquid Staking is one of the most popular applications of the DeFi industry today, granting the ability to participate in staking programs while maintaining liquidity of the commitment. 

What is Liquid Staking?

Bridging is a new technology which empowers cross-chain activities. It’s a big step forward for bringing isolated ecosystems together and unifying the crypto industry. 

What is bridging?

Thanks to our partnership with Pancakeswap, a Liquidity Pool for xALGO/BNB has been established. Stake your LP tokens to get CAKE in rewards, or stake CAKE in a Syrup Pool to get xALGO.


xALGO: Pancakeswap Staking and Farming

Leverage trading amplifies market exposure using borrowed funds, offering profit potential alongside elevated risks.

What is Leverage Trading in crypto?

Going Long and going Short are two of the most common strategies used when trading crypto markets. It’s important to understand the basic mechanics of Long & Short if you plan to trade or invest in the crypto markets. The prices of all digital assets are affected by these specific strategies.

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