Folks Finance - xChain App
xChain AppTestnet
  • Folks Finance xChain App Documentation Overview
  • xLending
    • Architecture
    • User account
      • Linking and Inviting Addresses
  • 👨‍🏫User Guide
    • Getting started
      • Creating an account
      • Link/Invite address
      • Faucet list (testnet)
    • Connecting Wallets
    • Depositing Assets
    • Borrowing Assets
    • Closing Loans
    • Withdrawing Assets
    • Swaps
    • Liquid staking
  • 👨‍🔧Technical Details
    • Interest Rate Model
    • Liquidation Process
    • Cross-Chain Messaging
    • Security Measures
    • Oracle
    • Parameters
  • Incentives program
    • Points system
    • Interests
  • 👨‍💻Developers
    • Contracts
    • SDK
  • 🦸Support
    • FAQ
    • Contact and Support
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On this page
  • Benefits of Hub and Spoke Model
  • Cross-chain Messaging
  • Values
  • Tools

xLending

PreviousFolks Finance xChain App Documentation OverviewNextArchitecture

Last updated 4 months ago

The initial product of the protocol is xLending, which enhances capital efficiency and user experience for crosschain lending markets through a . This allows for seamless interactions across multiple blockchain networks.

Benefits of Hub and Spoke Model

  • Capital Efficiency: All liquidity is available irrespective of which chain the user is on, maximizing capital efficiency.

  • User Convenience: Users can interact with the protocol from their favorite wallet and familiar chains, lowering the barriers to entry.

  • Cross-Chain Collateralization: Users can use funds deposited on one chain as collateral to borrow on another, enhancing the flexibility and usability of the protocol.

Cross-chain Messaging

Cross-chain messaging is a critical component of Folks Finance, enabling secure and efficient communication between the hub and spoke chains. This ensures that transactions are consistent and reliable across different blockchain networks.

Values

  • Accessible & Inclusive

  • Innovative & Composable

  • Transparent & Decentralized

  • Community Driven

Tools

  • Lending and Borrowing

  • Deposits

  • Swaps

  • Liquid staking (coming soon)

hub-and-spoke model
Wormhole
Chainlink CCIP (Cross-Chain Interoperability Protocol)
Circle CCTP (Cross-Chain Transfer Protocol)