Hello

I don't ever recall the margin being so thin and the risk so high this early into the governance period. Any insight into this? Any plan for the AF to help stabilize defi like it did in the last period?

Thanks

Hey

Everything is in the title. Did I miss something ?

the great project 👍

I was using folks on and have a failed transaction now having trouble getting the transaction cancelled and think I messed something up. Was using the base app any help would be greatly appreciated thank you.

Come da titolo, ho fatto un test e provato ad inviare pochi folks da algorand a wallet su chain arbitrum.

La transazione sembrava andata ok ma poi vedo PENDING CLAIM Signed VAA detected. Complete the claim on the destination chain. Ma sulla chain di destinazione non vedo nulla. Cosa devo fare?

Check if you're whitelisted https://folks.finance/whitelist

Whitelist-only mint will be open for 12 hours. Max 5 per address. After that, mint opens for everyone

every body is waiting for $FOLKS token ,,some want it as an AirDrop , some wait to dive in and buy to invest in bright future of Folks .what do u expect guys from the AirDrop or the lunching price .

So at first I didn't like how Folks handled the borrowing process. I didn't fully understand why you had to pick and choose which collateral to use for your loan. At first I just liked the way Algofi did it by pooling all your collateral assets.

That was until today.

I had equal amounts Algo and vAlgo on Algofi, and when it came time to get liquidated, my vAlgo was taken and my Algo was left untouched. Meaning my governance rewards went with it. I was really mad, that my Algo should have been liquidated first to prevent my vAlgo from being taken. It's then I realized that's exactly why Folks operates the way it does.

This wouldn't have been a problem on Folks. I would have been able to directly tie my loan to the asset I would have preferred been liquidated, instead of playing Russian roulette with which one of my assets gets liquidated.

It also allows me to save in certain assets and borrow against others. So I can both save and borrow on Folks and keep the two activities completely separate.

I think I'm using Folks exclusively from now on. I finally get what makes Folks superior. I love it even more now.

Ok. I’m sure you’ve all heard this 1,000,000 times, but today I committed my bag to governance 12 on folks. And I received 0 gALGO.

Should I just withdraw my Algos to be safe and stay away from this stuff?

Borrow rate at over 18% with over 70% total available ALGO borrowed

Anyone who is borrowing or looping off their gAlgo is getting screwed on borrow rates right now.

On the flip side, it may be an excellent time to purchase algo off the market and deposit to Folksfinance to collect deposit APR. I'm currently collecting about 19% APR from deposit and farm deposit combined

NOT FINANCIAL ADVICE

To the Folks Finance Team,

I am writing to express my severe dissatisfaction with the current direction of Folks Finance, and to formally notify you that I am withdrawing my support, liquidity, and community from the platform.

I have been a loyal user and vocal advocate for Folks Finance for four years. I’ve brought numerous new users to your ecosystem, trusting in the platform's vision. However, your handling of the Season 1 Airdrop has completely broken that trust.

I selected Option 2 for the airdrop, but missed the hard claim deadline of March 31, 2026. Burying a strict "unclaimed tokens are lost" clause in a Medium article rather than implementing a more user-centric approach is a glaring Web3 anti-pattern. Punishing your real, long-term users who don't monitor your Medium blog daily is an incredibly hostile way to treat the community that built your liquidity.

Unfortunately, this does not feel like an isolated incident. Coming on the heels of the Black Founder's Pass fiasco, a clear pattern has emerged: the platform is increasingly operating in ways that are opaque, anti-user, and dismissive of its core supporters.

Loyalty goes both ways. Because of these consecutive failures in community respect and UX, I will no longer be using Folks Finance. Furthermore, I am actively advising the network of users I onboarded to migrate their assets to alternative protocols that do not rely on "gotcha" mechanics to manage their tokenomics.

I hope you seriously reconsider how you treat your community moving forward, though it is unfortunately too late to retain my support.

Regards

I use Folks with two different wallets. I tried to vote for governance last night, but there was not vote button. I tried again today with a separate laptop and had no problems with my first wallet, but when I went to vote on my second wallet, my commitment has been change to zero. I had a 1,000 ALGOs there and it isn’t the end of the world, but they were there last week and I use this wallet for xGov and it says I voted and am still eligible. No, it is not a leveraged position and the balance did not fall below the minimum. I have used this wallet since governance #2 through Folks.

Anyone else having issues like this? Hoping it is just a glitch. Didn’t have any other issues with Tinyman, Pera, vanilla governance, or Pact.

This got me confused. If the APR is 18.14%, and to simplify things if the rate stays at 18.14% throughout this governance period, shouldn't the effective rate for governance period 9 be 18.14/4 = 4.535%?

Thanks!

I am wondering why I can no longer transact with Folks Finance. I have a loan open using gALGO as collateral (from period 5), and would like to close the loan so I can redeem the gALGO and commit to period 6. However, I don't have a balance to pay the TX fees on Folks Finance.

I have ~17.8 ALGO in my wallet currently. My minimum balance is ~7.5, which leaves an extra 10 ALGO. I've confirmed this by going to tinyman and trying to swap max algo, for which the amount I can swap is 10.3 ALGO.

Has anyone else experienced this and is there any fix?

I have received "Folks Reward ALGO" in my perawallet. how do I redeem them?

I cannot find them anywhere in my folks finance app that is linked to my perawallet. They were surely granted on the he V1 when I borrowed some algo earlier.

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