Welcome to Folks Finance official documentation!

​Folks Finance is the leading protocol serving capital markets, built on the Algorand blockchain. The protocol offers services of borrowing and lending in a decentralized and permissionless way. Through the lending operations, Folks users can lend their crypto-asset liquidity, and start earning a passive, economic return on their assets immediately. Through the borrowing operations, the users can request crypto loans by locking deposited funds as collateral.
Folks Finance is the product of extensive research and engineering that we've conducted, along with the support received from our specialized partners, aiming to build a secure and precise new financial system, centered around empowering users with the highest flexibility in DeFi for their loan & borrow positions.
Why Folks Finance
The need to scale and improve the previous generation of decentralized lending products has brought the development of this unique and innovative protocol. 
INNOVATIVE SUSTAINABLE INCENTIVE SYSTEM 💡
Designed for the stability of the protocol in the long term, Folks Finance has a unique incentive system that rewards only "good users" in a sustainable way. By virtue of our innovative Rewards Aggregator, the protocol enables external parties/protocols to incentivize specific pools of desired assets on Folks Finance. Therefore, the protocol is able to distribute multiple incentives while also simultaneously reducing the likelihood of an "Earn & Dump" reaction. The protocol also offers the opportunity for users to vest rewards, earning even more rewards while redeeming them slower. 
SECURITY AND RISK MANAGEMENT 👮
In order to ensure maximum safety and security for users, the protocol's source code has been audited three times. Moreover, the economic soundness of Folks Finance has also been extensively tested and vetted through a strategic partnership with a specialized company. Folks Finance has a unique way of defining a loan's parameters, wherein every crypto pair collateral and/or borrowable asset is tested and simulated before defining the relative threshold and parameters in an effort to ensure the lowest risks for users. 
CARBON NEUTRAL 🍃
Following the environmentally-focused strategy of Algorand, which has received praise for being the greenest blockchain, Folks Finance collaborates with ClimateTrade, who is committed to buying the corresponding amount of carbon credits that allows Algorand and Folks Finance to offset each protocol's carbon footprint.
EASE OF USE 👌
Since day one, Folks Finance has been built around the concept of creating the most user-friendly platform on the market. On Folks Finance users can lend, borrow, provide liquidity and trade rewards in a very easy and flexible way.
COMMUNITY CENTRIC 🧑‍🦰
The name says it all; Folks Finance is finance for everyday "Folks". As such, Folks Finance has decided to distribute more than 50% of the total supply of its governance token: FOLKS, directly to the community. 
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