What’s the deal with Folks, which has surged 8x in the past two months? TL;DR: 1. Folks has had incredible funding backers in the past, including Jump, Broadless, Coinbase, OKX, and ParaFi. 2. Currently, only Alpha and Perps have been launched. 3. Technological breakthroughs enable cross-chain lending, covering the most prominent public chains and providing infrastructure-level updates for the crypto market. 4. The recent 8x surge is driven by strong fundamentals. 5. Multiple tech updates, such as xChain V2. 6. Collaborates with top-tier infrastructure: Wormhole, Chainlink CCIP, Circle CCTP. 7. Based on FDV, it’s currently the third-largest lending token in the EVM ecosystem, just behind AAVE and MORPHO. 8. Bybit’s recent listing highlights the sector’s real-world adoption. ———————— Folks Finance @FolksFinance is a cross-chain DeFi lending protocol. Initially a leading DeFi project on Algorand, it has now evolved into a fully functional cross-chain DeFi hub, offering unified liquidity across networks and supporting lending, trading, leveraged trading, and liquid staking. From a technical perspective, Folks has solved a core issue in DeFi: fragmented liquidity. Users can deposit assets on supported chains and borrow assets from any other chain without needing cross-chain bridges or token wrapping. ———————— Recently, Folks Finance has been actively driving its operations: 1. Users can stake FOLKS for 30 days to earn a 30% annualized yield. This is currently available via Kaizen Finance (DeFi) or KuCoin (CEX). 2. Folks Points Season 2 is underway. In Season 1, 1.5 million FOLKS (worth $21 million) were rewarded to the community, and Season 2 is ongoing. · How to earn points: Provide lending, borrow, repay, swap, use flash loans, or participate in Folks activities. · Points = eligibility for future rewards.