Fragmentation Crisis in DeFi#

Decentralized finance promised financial freedom, but it delivered fragmentation instead. Your assets are trapped across isolated blockchains. Want to use your Ethereum holdings as collateral to borrow on Avalanche? Impossible without risky bridges and multiple transactions. Liquidity sits locked in separate ecosystems, forcing users to choose between networks instead of accessing them all. This fragmentation doesn’t just inconvenience users, it cripples the entire DeFi ecosystem’s growth potential.

The Cross-Chain Solution You’ve Been Waiting For#

Folks Finance solves DeFi’s biggest problem with true cross-chain interoperability. Imagine depositing assets on one blockchain and borrowing on another, all from a single account, without bridges or wrapped tokens. Backed by Coinbase Ventures, Jump Crypto, and built on battle-tested infrastructure from Chainlink and Wormhole, Folks Finance transforms how you interact with decentralized finance. This is your gateway to unified liquidity across eight major blockchains.

What is Folks Finance?#

What does Folks Finance do?#

Cross-Chain Lending and Borrowing: Folks Finance enables users to supply, borrow, and manage digital assets across multiple blockchains from a single unified platform. Deposit ETH on Base, then borrow AVAX on Avalanche. Your portfolio works as one cohesive unit regardless of which chains your assets live on.

Hub-and-Spoke Architecture: The protocol operates using an innovative hub-and-spoke model that connects multiple blockchain networks efficiently. This architecture eliminates the traditional friction of cross-chain DeFi, allowing assets to remain on their native chains while still being accessible across the entire ecosystem.

No Bridges, No Wrappers: Unlike traditional cross-chain protocols, Folks Finance eliminates the need for risky asset bridging or wrapped tokens. AVAX stays on Avalanche, ETH stays on Ethereum. This approach maintains asset security while providing seamless cross-chain functionality through advanced messaging technology.

Unified Liquidity Pools: The platform aggregates liquidity across all connected chains, creating deeper markets and better rates for users. Circle’s Cross-Chain Transfer Protocol (CCTP) powers a truly unified multichain USDC pool, enabling borrowing capacity that exceeds what’s possible on any single chain.

Enterprise-Grade Infrastructure: Folks Finance leverages Chainlink CCIP for cross-chain messaging, Wormhole’s Native Token Transfers for multichain token deployment, and Circle CCTP for stablecoin transfers. These industry-leading technologies provide the security and reliability that both retail users and institutions demand.

Comprehensive DeFi Suite: Beyond lending and borrowing, Folks Finance offers liquid staking, DEX aggregation through Folks Router, loan looping for leveraged positions, and governance participation. The platform serves as a complete DeFi hub where users can execute complex strategies without leaving the interface.

Algorithmic Interest Rates: Smart contracts automatically adjust interest rates based on supply and demand dynamics in each market. This algorithmic approach ensures efficient capital allocation and competitive yields for lenders while maintaining fair borrowing costs.

Risk Management Systems: The protocol employs sophisticated risk-adjusted credit systems with health factors and strongly incentivized liquidation mechanisms. These safeguards protect both lenders and the protocol itself from excessive risk while maintaining capital efficiency.

Who are behind Folks Finance?#

Benedetto Biondi - CEO and Co-Founder

Benedetto Biondi leads Folks Finance with a unique combination of engineering expertise and entrepreneurial vision. His background includes:

• Bachelor’s degree in Mechanical Engineering from Politecnico di Milano, one of Europe’s most prestigious technical universities
• Master’s degree in Engineering Innovation and Management from Cardiff University, specializing in Data Analysis
• Named to Forbes Under 30 2025 in Finance, recognizing his impact on the DeFi industry

Before founding Folks Finance, Benedetto served as a Blockchain Project Manager at Blockchain Italia, where he gained three years of hands-on experience building Web3 applications. His transition from Ethereum to Algorand development came from recognizing the efficiency problems plaguing early DeFi platforms.

Benedetto’s leadership extends beyond Folks Finance:

• Techstars Mentor for the Web3 Accelerator program
• Mentor for Algorand Accelerate, supporting new blockchain projects
• DeFi Advisor at Climatecoin since July 2022
• DeFi Lecturer at the University of Florence for the Economics and Law for Digital Assets course

His approach to building emphasizes perpetual learning and adaptability. Under his leadership, Folks Finance has grown from a four-person team participating in the Algorand Europe Accelerator to a 20+ person organization managing over $170 million in total value locked across eight blockchain networks.

Why This Team Inspires Confidence#

Institutional Backing from Industry Leaders: Folks Finance raised $6.2 million from the most respected names in crypto. Coinbase Ventures, Jump Crypto, OKX Ventures, and ParaFi Capital led the initial $3 million seed round. Borderless Capital then led a $3.2 million Series A at a $75 million valuation, with participation from Algorand Ventures, Mapleblock Capital, and Sovo Ventures. These investors don’t back unproven teams.

Five Years of Building and Delivering: Since founding in 2021 and launching mainnet in 2022, Folks Finance has consistently delivered real DeFi utilities to hundreds of thousands of users. The team shipped one of Algorand’s largest protocols before expanding cross-chain, demonstrating their ability to build, scale, and maintain complex financial infrastructure.

Technical Excellence with Level-5 Security: Folks Finance integrated Chainlink CCIP, the only interoperability solution achieving level-5 cross-chain security. The protocol completed audits with Ottersec and maintains an ongoing bug bounty program on Immunefi worth up to $100,000. Security isn’t an afterthought, it’s foundational to every design decision.

Proven Track Record Through Market Cycles: The protocol achieved an all-time high TVL of over $400 million and onboarded more than 200,000 users across eight chains. These numbers reflect real adoption, not just hype. Folks Finance maintained operations through bear markets while continuing to ship new features and expand to new chains.

Community-Driven Governance Structure: With 35% of FOLKS tokens allocated to community airdrops and user incentives, the team demonstrates commitment to decentralization. The tokenomics prioritize long-term community alignment over short-term profit maximization, with team tokens subject to vesting schedules.

Strategic Partnerships with Industry Giants: Folks Finance works directly with Chainlink, Wormhole, and Circle, three of the most important infrastructure providers in blockchain. These relationships provide technical support, ecosystem connections, and validation from projects that power billions in crypto value.

What to Know Before You Buy Folks Finance#

1. True Cross-Chain Interoperability

Folks Finance solves DeFi’s liquidity fragmentation problem by enabling genuine cross-chain lending and borrowing without bridges or wrapped assets. Your portfolio unifies across eight major blockchains, letting you deposit on one chain and borrow on another seamlessly.

2. Backed by Top-Tier Venture Capital

$6.2 million in funding from Coinbase Ventures, Jump Crypto, OKX Ventures, ParaFi Capital, and Borderless Capital validates the team’s vision and execution capability. These investors provide not just capital but strategic guidance and ecosystem connections.

3. Enterprise-Grade Security Infrastructure

Built on Chainlink CCIP with level-5 cross-chain security, audited by Ottersec, and protected by an active $100,000 bug bounty program. The protocol prioritizes security at every layer, from smart contracts to cross-chain messaging.

4. Proven Product-Market Fit

Over $170 million in total value locked and 200,000+ users demonstrate real adoption and demand. The protocol processes actual lending and borrowing activity across eight chains, not speculative value.

5. Limited Token Supply with Strong Tokenomics

Fixed maximum supply of 50 million FOLKS tokens with only 12.2 million currently circulating. The tokenomics allocate 35% to community rewards and airdrops, ensuring long-term alignment between the protocol and its users.

6. Governance and Utility Token

FOLKS holders participate in protocol governance, voting on parameters, upgrades, and ecosystem integrations. The token also powers incentive programs and rewards for active protocol users, creating multiple value capture mechanisms.

7. Multichain Native with Wormhole NTT

The FOLKS token exists natively across all supported chains using Wormhole’s Native Token Transfers standard. This eliminates wrapped token risks and provides seamless token functionality across the entire ecosystem.

8. Strategic Timing with Recent Launch

The FOLKS token launched on November 6, 2025, making this an early opportunity to participate in a mature protocol with years of proven operation finally introducing its governance token.

9. Upcoming Feature Expansion

The roadmap includes xChain V2 with enhanced cross-chain lending, native mobile app development, new liquid staking tokens (LST), and integration with both EVM and non-EVM chains, expanding the protocol’s capabilities and reach.

10. Active Development and Regular Shipping

The team consistently delivers on roadmap commitments, from the initial Algorand launch to cross-chain expansion and token launch. Regular updates and transparent communication demonstrate ongoing commitment to building the future of DeFi.

How to buy Folks Finance?#

Move your BNB from central exchanges like Binance to your GMGN wallet on BNB Smart Chain and swap for FOLKS. Since Folks Finance is a multichain token, you can also send Ethereum or Base tokens to GMGN and purchase FOLKS on those networks.

Buy Folks Finance on GMGN

GMGN provides a streamlined trading interface optimized for discovering and trading tokens across multiple chains. The platform offers real-time analytics, smart money tracking, and instant swap functionality, making it the efficient choice for accessing FOLKS on BNB Smart Chain.