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Fees

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 SDK 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
​

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.
Last modified 15d ago