Folks Finance: Project Update

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• FOLKS Token Generation Event and Exchange Listings: Folks Finance launched its native governance token, FOLKS, on November 6, 2025, making it tradable on major centralized exchanges including Binance (Alpha Trading and Futures), Kraken, Kucoin, and BloFin, as well as decentralized platforms such as PancakeSwap, Avalanche, and Tinyman 1. Binance listed the token on its Alpha and Futures markets, with FOLKSUSDT perpetual contracts launching shortly after the Alpha listing, and eligible users able to claim airdrops via Binance Alpha Points 2. The token serves as a core utility layer enabling governance, discounted transaction fees, gas fee reduction, and voting 2.
• Native Multichain Deployment via Wormhole NTT: Folks Finance integrated Wormhole's Native Token Transfers (NTT) to launch FOLKS as a natively multichain asset across Avalanche, Arbitrum, Base, BNB Chain, Ethereum, Polygon, and Sei 3. This approach eliminates liquidity fragmentation associated with wrapped tokens by keeping FOLKS a single, native asset across all seven chains, giving the protocol full control over its behavior and metadata on each network 3. Wormhole's NTT framework is already utilized by major assets like Lido's wstETH 3.
• Expansion to Monad Mainnet: Folks Finance launched on Monad Mainnet, enabling cross-chain lending and borrowing across Monad and integrated chains, and expanding the FOLKS token to Monad via Wormhole's NTT framework 4. The launch introduced $45,000 in incentives for depositors, available until December 25, and marked Folks Finance's transition from testnet to mainnet on the high-performance Layer 1 blockchain, which offers 10,000 transactions per second, sub-second finality, and low fees 4.

Biggest Stories of 2025

• Folks Finance announced it is developing a new Liquid Staking Token (LST) for an undisclosed EVM network, slated for launch in 2026, to be complemented by specialized one-click strategy vaults supporting advanced yield methods like LST looping and LST-backed leverage 5. (December 11, 2025)
• Folks Finance launched on Monad Mainnet, enabling cross-chain lending and borrowing and introducing $45,000 in first-ever FOLKS incentives for depositors, marking its transition from testnet to mainnet 4. (November 25, 2025)
• Folks Finance launched its native FOLKS token on November 6, 2025, across major centralized and decentralized exchanges, marking a new growth phase for the protocol, which had surpassed $400 million in total value locked and onboarded over 200,000 users across eight blockchains since 2022 1. (November 6, 2025)
• Folks Finance integrated Wormhole's Native Token Transfers (NTT) to launch FOLKS as a natively multichain asset across seven chains, eliminating liquidity fragmentation associated with wrapped tokens 3. (November 6, 2025)
• Binance announced it would list the FOLKS token on its Alpha and Futures markets, with the token available on Binance Alpha and FOLKSUSDT perpetual contracts launching shortly after, aiming to expand access, visibility, and participation in the protocol's ecosystem 2. (November 4, 2025)
• Folks Finance outlined its 2025 roadmap in its "Acceleration25" retrospective, targeting a governance token launch, a mobile app, chain expansions, and strategic partnerships, following a 2024 in which it launched xChain, reached a record $400 million in total value locked (over 75% of Algorand's DeFi TVL), and raised $3.2 million in a funding round led by Borderless Capital 6. (January 2, 2025)