Folks Finance
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    • 🏦Deposit
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  • Transaction Fees
  • Minimum Balance Requirement
  1. Introduction
  2. Need help?

Fees

Last updated 9 months ago

Transaction Fees

All of the transactions made on Folks Finance protocol cost about 0,001 ALGO due to Algorand network fees. Each operation is composed of a group of transactions. Below is a summary table with the total cost of each transaction, expressed in ALGO.

Note that all one time extra fees are recoverable (some only through but will be able to from frontend soon).

Operation

Fee

One time extra fee

Deposit

0.004

0.25 + 0.1 for each asset

Withdraw

0.006

Move To Collateral

0.002

Create Loan

0.002

0.7285

Add Collateral

0.005

0.1 for each asset

Reduce Collateral

0.006-0.020

Borrow

0.008-0.022

Repay

0.010-0.015

Flash Loan

0.1% of the amount borrowed with the flash loan

Folks Router

0.1% of the output amount

Algo Liquid Governance

0.3% on the minted amount

Minimum Balance Requirement

It is required to keep an extra 0.1 ALGO in your wallet for each opted-in asset for the minimum balance requirement. If you no longer own the asset then you can opt-out later and you will be able to freely spend the 0.1 ALGO again.

SDK