There is a divine disk on the two dog chain, I need to study it Is this still a bear market? Is it so lively every day? Today on the timeline, I kept seeing sales flying, recruiting ambassadors, and airdrops, all pointing to a project called Folks Finance, which is abnormal. If something goes wrong, there must be a demon. We must figure out what this thing is and why it suddenly went viral? Opening the official website, tears were streaming down my face. Let's sneak in! ⬇️ Uncle, Folks Finance is actually a star project on Algorand. Oh my god, the memory of death instantly hit my fragile heart... I once stumbled at Second Dog ALGO, and I'm so familiar with it! A few years ago, I participated deeply in several DeFi projects here with my studio and failed to achieve any results. Then, the main token ALGO suffered heavy losses! I haven't been involved in Algorand for many years, and I never expected that @ FolksFinance would come out. But upon closer consideration, it doesn't seem surprising that Algorand was positioned as a Defi super public chain at the time, and the experience was really smooth. All the tools were done very well, and lending was once a mainstream application. What is Folks Finance? Why can FOLKS soar 232.5% in a month, rise 800% against the bear market trend, and then make countless people break their thighs? The most straightforward language to explain Folks Finance is a decentralized DeFi protocol that started with Algorand and extends to multiple chains. It is a super protocol that enables cross chain lending, liquidity staking, and DEX aggregation. So the highlight can be summarized as' cross chain liquidity ', which creatively brings together dispersed, fragmented, and distributed liquidity in different public chains, greatly improving the efficiency of fund utilization and reducing user access costs. This is indeed a pain point. I have USDT on Arbitrarum, BNB Chain, and Ethereum, all of which are USDT. However, I cannot centrally release liquidity. If I want to borrow, I can only do staking, lending, and repayment separately on each chain, or cross chain aggregation into one chain and operate, which sacrifices the optimization of profits in multiple chains. What should I do? Using Folks Finance. Folks Finance has innovatively developed a Hub and Spoke architecture, which can be easily guessed by its name. It enables a unified liquidity pool without the need for cross chain or asset packaging. Users can deposit assets on any supported chain and then borrow from any other chain. The advantage of the Hub and Spoke architecture is that it uses Hub chains to store complete protocol state and logic, ensuring consistency; As a user entry point, the Spoke chain only needs to maintain communication status rather than lending status, which can achieve a great unity of capital efficiency, user convenience, and cross chain collateral security! The core products of Folks Finance include cross chain lending xLending, liquid collateral xALGO, DEX aggregator Folks Router, and Flash Loan and Developer SDK. One of the challenges of the product is cross chain communication. After reviewing the doc document, it was found that Folks Finance has collaborated on infrastructure products such as Wormhole, Chainlink CCIP, Circle CCTP, etc. to achieve interoperability across multiple chains, ensuring unified liquidity coverage Avalanche、Ethereum、Base、BNB Chain、Arbitrum、Polygon、Algorand、Sei、Monad 9 A public chain. / I understand what Folks Finance does and its innovations, but why have prices been so high recently? There are many reasons, but personally I feel that it is related to recent events and updates to the roadmap. The first perspective is' money '. Firstly, there is the staking of the main token FOLKS, which can earn an annualized return of 30% within 30 days. Then, there is the second season of the points competition. S1 deployed 1.5 million FOLKS worth 21 million US dollars, with a median airdrop of 3000 US dollars, so the second season immediately attracted a large number of participants. Getting points means participating in Folks product interactions, such as borrowing, lending, repayment, redemption, using Flash Loan, and participating in Folks activities. The second perspective is' people '. We are currently frantically recruiting global ambassadors. The official Twitter account has posted a message specifically to recruit ambassadors for the China region. If you are interested, you can give it a try. In addition to the ambassador, there is also an Airaa activity, which can be understood as a mouth slapping activity. The project team will reward the top 200 people with $500000. You know, my article has already started As a project supported by Coinbase Ventures, Jump, and OKX Ventures, Folks Finance has exploded and now has an FDV of around $1B, second only to Morpho and Aave in the lending arena. Although it is second only to Aave, the gap is still significant, with Aave ranking second at $7B. From this perspective, there is still room for improvement. In the short term, FOLKS is at the overbought level of several technical indicators, but in the long run, it should not have fully released its potential and can be included in observation. Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!