# Folks Finance > Lend. Borrow. Stake. Trade. Folks Finance provides decentralized lending, borrowing, and trading tools across multiple blockchain networks. Folks Finance is a community-driven decentralized platform that provides lending, borrowing, liquid staking, and trading tools across multiple blockchain networks. Users can deposit assets, take loans with collateral, stake tokens for rewards, and access cross-chain functionality through a unified interface. - Type: Company - Sector: Finance - Status: Active - Founded: 2021-05-01 - Profile: https://thegrid.id/profiles/folks_finance ## Products - [Algorand App](https://thegrid.id/profiles/folks_finance): Folks Finance's Algorand application provides decentralized lending, borrowing, liquid staking, and trading services on the Algorand blockchain. Users can deposit assets to earn yield, borrow against collateral, stake ALGO through xALGO, and access DEX aggregation through Folks Router. (Decentralised Borrowing & Lending, Live, Main Product) - [xChain App](https://thegrid.id/profiles/folks_finance): Folks Finance's cross-chain lending platform enables users to deposit and borrow assets across multiple blockchain networks. The platform maintains native assets on their respective chains while providing unified liquidity management. (Decentralised Borrowing & Lending, Live) ## Assets - [FOLKS (FOLKS)](https://thegrid.id/profiles/folks_finance): FOLKS is the governance token of Folks Finance. It is used to vote on protocol upgrades, risk parameters, and treasury decisions across multiple blockchains. The token is deployed using the Non-Transferable Token standard and exists natively across several major blockchain networks, eliminating the need for wrapped or synthetic versions to enable seamless cross-chain governance. (Governance) - [xALGO (XALGO)](https://thegrid.id/profiles/folks_finance): XALGO is a liquid staking token representing staked ALGO on Algorand, issued by Folks Finance. It allows users to earn Algorand Consensus Rewards while remaining liquid on DeFi. Its price naturally rises against ALGO due to the interest it collects, and can be traded, used as collateral, or borrowed against within the DeFi ecosystem. (Liquid Staking Tokens (LSTs)) - [gALGO (GALGO)](https://thegrid.id/profiles/folks_finance): GALGO is a liquid governance token for Algorand issued by Folks Finance. It was used to participate in Algorand Foundation Governance while maintaining liquidity, allowing holders to earn governance rewards without locking their assets. The token has been deprecated following Algorand's transition from governance rewards to consensus rewards, with Folks Finance migrating users to xALGO as the replacement liquid staking solution. (Liquid Staking Tokens (LSTs)) ## Links - [Main](https://folks.finance) - [Documentation](https://docs.folks.finance) - [Blog](https://folksfinance.medium.com) - [Media Kit/branding](https://docs.folks.finance/community/brand-and-logos) - [Forum](https://forum.folks.finance) - [Privacy policy](https://docs.folks.finance/community/privacy-and-t-and-c) - [Terms of Service](https://docsend.com/view/j3anzuz9pt79rxmm) - [Twitter / X](https://x.com/folksfinance) - [Discord](https://discord.gg/folksfinance) - [Telegram](https://t.me/FolksfinanceOfficial) - [Reddit](https://www.reddit.com/r/FolksFinance) - [Instagram](https://instagram.com/folksfinance) - [LinkedIn](https://linkedin.com/company/folksfinance) - [YouTube](https://youtube.com/@FolksFinance) - [GitHub](https://github.com/Folks-Finance) ## Legal This data is provided under two licensing models. Model 1 - open data. 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