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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.
Operation
Amount
One time extra fee
Deposit
0.003
โ€‹
Withdraw
0.003
โ€‹
Add Escrow
0.004
0.4355
Borrow
0.006
โ€‹
Increase Borrow
0.005
โ€‹
Increase Collateral
0.001
โ€‹
Reduce Collateral
0.005
โ€‹
Repay
0.008
โ€‹
Lock & Earn
0.008 + 0.407
โ€‹
Immediate exchange (rewards aggregator)
0.003
โ€‹
Staking rewards (rewards aggregator)
0.5+0.003
โ€‹
gALGO mint
0.004 (0.005 if needs to opt-in gALGO)
โ€‹
gALGO unmint
0.003
โ€‹
gALGO burn
0.003
โ€‹
Early claim of governance rewards
0.003
โ€‹
Claim of governance rewards
0.002
โ€‹

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.