Utilities

FOLKS holders can now unlock fee discounts when swapping on Folks Finance. This is applied to:

• Algorand swaps via Folks Router

• Crosschain swaps via LiFi protocol on xChain

Discounts are based on FOLKS holding

Warning: some of the following utilities might still not be live

• Folks Finance Governance — enables certain active users to steer elements of future protocol development.

• Folks xPortal Discounted Fees — applied to bridging fees on xPortal (powered by Wormhole NTT).

• xGov Voting — participate in xGov proposal votes on Algorand.

• Liquidity Incentives — boost rewards for active market participation.

• Mobile App and Debit Card Perks — discounted fees and tiered perks related to Folks Mobile.

• Future Utilities — additional use cases and expanded token utility will be introduced progressively, especially with the launch of Folks xChain V2.