The Complete Algorand Protocol.
Stake · Lend · Swap · Earn — All in One

Folks Finance is a comprehensive protocol built on Algorand that offers liquid staking with xALGO, lending, borrowing, and token swapping through Ultraswap. It provides users with a unified platform to manage their ALGO holdings, earn yield, and access various financial products — all from a single interface at folksfinance-app.com. With over 228 million xALGO in circulation and 278 million ALGO staked, Folks Finance is one of the most trusted protocols on the Algorand network.

When you stake ALGO on Folks Finance, you receive xALGO tokens representing your staked position. xALGO appreciates in value relative to ALGO as staking rewards accrue — the current ratio is approximately 1 xALGO = 1.2182 ALGO. Unlike traditional staking with lock-up periods, xALGO remains fully liquid. You can use it as collateral on the lending protocol, swap it through Ultraswap, or convert it back to ALGO at any time with no waiting period.

The current Annual Percentage Rate (APR) for staking ALGO through Folks Finance liquid staking is 4.39%. This rate is derived from Algorand network consensus rewards and automatically compounds through the xALGO appreciation mechanism. With Ultrastake, users can amplify this yield up to approximately 17% by utilizing up to 4x leverage on their staking position.

The current conversion ratio is 1 ALGO = 0.8209 xALGO when staking, and 1 xALGO = 1.2182 ALGO when unstaking. This ratio changes over time as staking rewards accrue into the xALGO token, making each xALGO progressively more valuable relative to ALGO. You can always check the live ratio on the Folks Finance staking page at folksfinance-app.com.

Ultrastake is Folks Finance's leveraged staking feature that allows users to increase their staking position by up to 4x. When you enable Ultrastake, the protocol automatically stakes your ALGO for xALGO, deposits the xALGO as collateral in the lending protocol, borrows additional ALGO against it, and restakes that ALGO — creating a leverage loop. This amplifies your effective staking yield from the base 4.39% APR up to approximately 17%, depending on leverage level and borrowing rates.

Yes. Folks Finance has been audited by multiple independent security firms, including Runtime Verification, Trail of Bits, and Verilog Solutions. All smart contracts are open-source and formally verified. The protocol employs non-custodial architecture, meaning users maintain control of their assets at all times. With over 278 million ALGO staked and zero security incidents, Folks Finance has established a strong track record of reliability on the Algorand network.

Folks Finance supports all major Algorand-compatible wallets, including Pera Wallet, Defly, and any wallet compatible with the WalletConnect standard. Users can also connect through xPortal for cross-chain access. The platform is fully responsive and works on desktop and mobile browsers — simply connect your preferred wallet and start using the protocol immediately.

xALGO is Folks Finance's liquid staking token representing staked ALGO. It appreciates in value relative to ALGO as staking rewards accrue. Unlike traditionally staked ALGO, xALGO is fully liquid — you can use it as collateral in the lending protocol to borrow other assets, provide it as liquidity, swap it through Ultraswap, or convert it back to ALGO instantly at any time. This composability is what makes Folks Finance's liquid staking uniquely powerful on Algorand.

Ultraswap is Folks Finance's optimized swap engine that aggregates liquidity across the Algorand network. When you perform a swap, Ultraswap queries multiple liquidity sources, splits your order for optimal execution, and routes it through the best path — all in a single transaction. This ensures you always get the best available price with minimal slippage. Ultraswap supports 50+ tokens including ALGO, xALGO, USDC, USDT, goBTC, goETH, and more.

Folks Finance's lending protocol allows you to deposit supported assets to earn yield, and borrow against your deposited collateral. Interest rates are determined algorithmically based on supply and demand. Your position health is monitored in real-time with a health factor indicator. You can deposit ALGO, xALGO, USDC, USDT, and other supported tokens. Borrowing is available against your collateral with flexible terms — repay anytime with no fixed schedule.

Folks Finance supports a wide range of tokens on the Algorand network including ALGO, xALGO, USDC, USDT, goBTC (wrapped Bitcoin on Algorand), goETH (wrapped Ethereum on Algorand), gALGO, and many more ASA (Algorand Standard Asset) tokens. New tokens are added based on community demand, liquidity availability, and security review. Check the app at folksfinance-app.com for the full current list of supported assets.

Folks Finance Points are a loyalty and rewards tracking system that measures your usage of the protocol. You earn Points by staking ALGO (liquid staking and Ultrastake), depositing assets in lending pools, swapping tokens through Ultraswap, and referring new users. Points accrue automatically based on your activity and the size of your positions. The Points system is accessible from the Points tab in the app at folksfinance-app.com.

Folks Finance operates on the Algorand network, which produces blocks approximately every 3.3 seconds with instant finality. This means staking, unstaking, swaps, deposits, and borrowing all confirm in seconds — no waiting for multiple block confirmations. Algorand's pure proof-of-stake consensus also means transaction fees are negligible, making frequent interactions with the protocol cost-effective.

xPortal is an access point integrated with Folks Finance that provides cross-chain connectivity. Through xPortal, users can interact with Folks Finance products from different networks and manage their portfolio across ecosystems. The integration extends the reach of Folks Finance beyond native Algorand users, making the protocol accessible to a broader audience while maintaining the same security guarantees.

Folks Finance currently has over 6,692 xALGO holders. With 228.31 million xALGO in circulation backed by 278.14 million ALGO staked in the protocol, Folks Finance represents one of the largest staking protocols on Algorand. The holder count continues to grow as more users discover the benefits of liquid staking with xALGO on folksfinance-app.com.

Yes. Folks Finance at folksfinance-app.com is fully responsive and works in any mobile browser. For the best mobile experience, use the Pera Wallet or Defly built-in browser on iOS or Android. All protocol features — staking, lending, borrowing, Ultraswap, and Points — are fully accessible on mobile with the same interface and functionality as the desktop version.

Folks Finance charges minimal fees across its products. Liquid staking has a small performance fee taken from staking rewards (not principal). Ultraswap charges a competitive swap fee that is among the lowest on Algorand. Lending and borrowing fees are determined by market interest rates. Algorand network transaction fees are negligible (fractions of a cent per transaction). All fee structures are transparent and visible before confirming any transaction.

Folks Finance is unique in offering a fully integrated suite of financial products in a single protocol — liquid staking (xALGO), lending, borrowing, Ultraswap, Ultrastake (leveraged staking up to 4x), and Points rewards. While other protocols may offer individual products, Folks Finance combines them with deep composability: your xALGO from staking can be used directly as collateral for borrowing or swapped via Ultraswap. This integration eliminates the friction of moving assets between separate protocols.

Full documentation for Folks Finance is available through the Docs section accessible from the app. For community support, join the official Folks Finance Discord and Telegram channels. Technical documentation, API references, and protocol specifications are maintained and regularly updated. Follow @FolksFinance on Twitter for the latest announcements, updates, and community events. The official protocol interface is available at folksfinance-app.com.

Algorand Governance is a quarterly program where ALGO holders commit their tokens and vote on proposals to earn governance rewards. Folks Finance allows users to participate in governance while maintaining liquidity through xALGO. Instead of locking ALGO directly, users can stake through Folks Finance and still benefit from governance rewards — the protocol handles the governance commitment and voting on behalf of stakers, combining governance yields with the flexibility of liquid staking.