TechFlow News — Following a G11 community vote, Algorand-based DeFi protocol Folks Finance will support USDT as collateral, further enhancing flexibility and liquidity on Algorand while offering users more choices and an improved DeFi experience.
Algorand aims to deliver Web3 transaction throughput comparable to traditional finance, featuring instant finality, near-zero transaction costs, and 24/7 availability. From decentralized finance and generative NFT art to real-world assets (RWA), Algorand is powering the economic models of the future. Folks Finance is a DeFi lending protocol built on Algorand that allows users to deposit assets to earn yield, borrow funds by providing collateral, swap assets via Folks Router, and participate in Algorand governance through gALGO and xALGO tokens.
