xLending
The initial product of the protocol is xLending, which enhances capital efficiency and user experience for crosschain lending markets through a hub-and-spoke model. 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)
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