Folks Finance V2 Testnet
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Welcome to Folks Finance V2 Testnet

Welcome to the Folks Finance V2 Testnet docs! We hope you enjoy testing the upgrades we've been working on. Up until the mainnet release, new features will be slowly added to the testnet. Be sure to keep up on our Discord, Telegram, or Twitter to know when new features are added. Find the link to the testnet here – testnet.folks.finance – and leave your feedback here.

What's new?

UI Overhaul

The UI of Folks Finance has been completely reimagined for V2. All relevant information will be displayed between the markets page and dashboard – extra pages for each action, as seen in V1, will not be needed. We hope this makes the usage of the app easier and simpler.

Elimination of fAssets

V1 required interaction with fAssets after depositing into the markets. V2 eliminates the need for interacting with fAssets on the front-end, creating a more elegant process for establishing loan positions.

High-Efficiency Loans

Folks users will now be able to take loans with higher loan-to-value ratios thanks to high-efficiency loans. Taking a loan using a value-equivalent collateral type, like USDC/USDT will enable up to 95% LTV.

Stable Rate/Variable Rate Loans

No longer will users be subject to fluctuations of interest rates while holding loans. The option to lock in a stable rate will be present for users looking for consistency while they maintain their loan position.

Multi-collateral/Multi-borrow

V2 enables loans to be taken using multiple assets as collateral together. In addition, the ability to borrow multiple assets in a single loan position will bring greater flexibility to the protocol overall.

More coming soon.. 👀👀👀

Last modified 5d ago