# Folks Finance > Lend. Borrow. Stake. Trade. Folks Finance is a cross-chain DeFi lending protocol. It lets users lend, borrow, stake, and trade digital assets across multiple blockchains through a single account and unified liquidity. Folks Finance is a decentralized cross-chain lending protocol that lets users lend, borrow, stake, and trade digital assets across multiple networks. It links its supported networks through cross-chain messaging so liquidity is shared rather than split by chain. The protocol is permissionless and is aimed at DeFi users who want to use their assets across chains from one place. Its xChain App uses a hub-and-spoke model in which a hub chain manages unified liquidity pools that every connected spoke chain can access. Users deposit collateral on one chain and borrow on another through a single cross-chain account, while assets stay native on their own chains. The Algorand App runs a separate suite with lending, liquid staking through xALGO, automated looping, and a DEX router. Folks Finance also offers xPortal for moving FOLKS and other supported tokens between blockchains. The FOLKS token is used for governance votes on protocol upgrades, risk parameters, and treasury decisions. Folks Finance is used by lenders, borrowers, stakers, and DeFi integrators across its supported networks. - 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): Algorand App is the Folks Finance DeFi suite on Algorand, with lending and borrowing markets, liquid staking, and a DEX router in one interface. Users deposit assets to earn yield, borrow against collateral, stake ALGO for xALGO to earn consensus rewards while staying liquid, and automate looped positions. Folks Router aggregates DEX liquidity on Algorand so swaps route through the best available pools. (Decentralised Borrowing & Lending, Live, Main Product) - [xChain App](https://thegrid.id/profiles/folks_finance): xChain App is the cross-chain lending and borrowing app of Folks Finance, built on a hub-and-spoke model in which a hub chain holds unified liquidity pools that connected spoke chains can access. Users lend, borrow, and trade across multiple networks from a single cross-chain account, with assets kept native on their own chains. Listed markets include stablecoins, liquid staking tokens, and assets from partner ecosystems. (Decentralised Borrowing & Lending, Live) - [xPortal](https://thegrid.id/profiles/folks_finance): xPortal is a Folks Finance interface for moving FOLKS and other Wormhole NTT tokens between supported blockchains. Users pick a source chain and token, and the transfer runs through Wormhole's bridging smart contracts. Tokens move natively between chains under the NTT standard rather than as wrapped copies. (Bridge, 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/disclaimer-privacy-policy-and-t-and-cs) - [Terms of Service](https://docs.folks.finance/community/disclaimer-privacy-policy-and-t-and-cs) - [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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