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.
Last updated 6 months ago
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