Folks Finance
xChain App (NEW)Algorand AppContact usV1 Docs
  • Welcome to Folks Finance
  • Folks Finance Algorand app documentation
  • Introduction
    • Get started
      • Create a wallet
      • Get ALGO or ASAs
      • Connect wallet to Folks Finance
    • V2, what's new?
    • Need help?
      • Contact
      • Glossary
      • FAQ
      • Fees
      • Allowing pop-up
    • V2 Testnet tips
  • Functionalities
    • 🏦Deposit
    • 💰Loan
      • Collateral
      • Borrow
    • 🔄Swap and...
    • 🏛️xALGO - Liquid Staking
      • How to Migrate from gALGO to xALGO
    • 🚜Lending Pools
    • 📈Ultraswap
    • 🛣️Folks Router
    • 🔗Algorand Consensus
      • No code
      • SDK
  • Architecture
    • Parameters
    • Pool dynamics
    • Interest rate model
    • Rebalancing
    • Loan collateral
    • Loan borrow
    • Liquidation
    • Loan types
    • Flash loan
  • TOKENOMICS
    • FOLKS
  • DEVELOPER
    • Security
      • Bug bounty
      • Audits
    • Contracts
    • Official SDKs
  • COMMUNITY
    • Contact
    • Work with us
    • Ambassador program
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    • Community treasury
    • Aeneas liquidity program
    • Privacy and T&C
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On this page
  • Collateralize
  • Swap and Collateralize
  • Add collateral (Loan page)
  • Swap collateral (Loan page)
  • Move to Collateral
  • Reduce Collateral
  1. Functionalities
  2. Loan

Collateral

Last updated 8 months ago

Collateralize

  1. Find the asset you want to use as collateral in the Available to Collateralize table, on the Loans page.

  2. Click on Collateralize. A modal will appear.

  3. Choose the loan you want to deposit in.

  4. Type in the amount you want to use.

  5. Click Collateralize.

  6. Sign with your wallet.

Swap and Collateralize

  1. Find the asset you want to use as collateral in the Available to Collateralize table, on the Loans page.

  2. - If the wallet balance of the chosen asset is zero, click Swap and Collateralize. - If the wallet balance of the chosen asset is greater than zero, but you want more, click Collateralize and switch to Swap and Collateralize.

  3. Choose the loan you want to add collateral to.

  4. Select the asset to swap with.

  5. Click on Swap and Collateralize.

  6. Sign with your wallet.

Add collateral (Loan page)

  1. In the Loans page, Your loan table, click on the Manage button for the loan you want to add collateral to.

  2. Once you enter the loan page, click Add next to the token to which you want to add amounts.

  3. Type in the amount you want to use.

  4. Click Collateralize.

  5. Sign with your wallet.

Swap collateral (Loan page)

  1. In the Loans page, Your loan table, click on the Manage button.

  2. Once you enter the loan page, in the table your collateral, click on Swap next to the collateral you want to swap.

  3. Select the asset to swap with.

  4. Click on Swap collateral.

  5. Sign with your wallet.

Move to Collateral

  1. Click on Move to collateral on the Deposit page, Your Deposit table. A modal will appear.

  2. Choose the loan you want to add collateral to.

  3. Type in the amount you want to move.

  4. Click Move to collateral.

  5. Sign with your wallet.

Reduce Collateral

  1. Click on Manage on the Loans page, Your Loan table.

  2. Once you enter the loan page, click Reduce next to the token to which you want to reduce amounts.

  3. Type in the amount you want to withdraw.

  4. Click Reduce collateral.

  5. Sign with your wallet.

💰
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.