Folks Finance raises $3.2M in a Series A funding round

#FolksFinance secures $3.2M in a Series A funding round led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures and others. The funding round brings Folks Finance's total funding to $6.2M.

Folks Finance is a #DeFi platform that offers cross-chain lending, borrowing, staking, and trading.

👉 theblock.co/post/326508/defi-folks-finance-funding-valuation

Folks Finance - Presale

#FolksFinance is a non-custodial #DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Folks Router DEX aggregator enables native swaps on the protocol and composability with the other operations. Flash loans give developers the keys to deep liquidity.

😎Positive Notes:
• Frictionless User Experience: Folks Finance provides a UX that rivals CEXs by abstracting away the complexities typically associated with cross-chain interactions.
• Unified Liquidity Pool: The protocol’s shared liquidity across all Spoke Chains maximizes capital efficiency and availability.
• Efficiency Loans.
• Advanced lending features: Folks Finance offers a variety of advanced lending features such as swap collateral, multi loan, repay loan with collateral, repay loan with another asset etc.
• Innovative Incentive Model.
• Low Entry Threshold: Folks Finance welcomes users of all sizes, with the ability to start with minimal investment.Liquid Staking: Participate in network security and earn staking rewards without locking up assets.
• Leveraged Liquid Staking.
• Leveraged Trading.

🥺Negative Notes:
• Initial Market Cap is a bit high compared to other projects.
• Price is in Strategic. 3x from Seed price.

🤔Personal Opinion on the Project:
Folks Finance emerges as a promising non-custodial DeFi protocol, leveraging smart-contract technology to provide advanced financial tools for digital assets. Its decentralized nature eliminates centralized risks, allowing users to earn yield through deposits and utilize assets as collateral for loans. The integration of the Folks Router DEX aggregator facilitates native swaps and composability.

@Athena Dexfi  Deal:
15% immediate TGE (February 2024)
12 month linear
Price: $0.06608
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Thanks

#AthenaDexFi #100xGem #Presale