Folks Finance Integrates LI.FI To Power DEX Integrations For Upcoming Cross-Chain Lending Protocol
We’re excited to announce that Folks Finance, a non-custodial DeFi protocol providing financial tools for digital assets, has integrated LI.FI inside their dApp! With the integration, users can seamlessly swap any asset across Binance Smart Chain in just a few clicks!
Additionally, LI.FI will power Folks Finance's upcoming cross-chain lending protocol set to launch in Q2 2024. At launch, users can lend, borrow, and trade across various networks with swaps powered by LI.FI’s liquidity aggregator.
By leveraging LI.FI’s 36 DEXs and DEX aggregators such as Uniswap, 1inch, 0x, Sushiswap, and more, users are guaranteed to get the best swap prices on their assets.
We’re thrilled to team up with Folks Finance to abstract away the complexities of the cross-chain universe. Try out same-chain swaps on Folks Finance here.
What Is Folks Finance?
Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference.
Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Folks Router DEX aggregator enables native swaps on the protocol and composability with the other operations.
Flash loans give developers the keys to deep liquidity. Algo Liquid Governance and Cross-chain Algo Liquid Governance provide the most efficient method of participating in Algorand Governance through gALGO and xALGO, whose use cases continue to expand rapidly.
To learn more about Folks Finance check out their,
What Is LI.FI?
LI.FI is a middleware solution connecting 20 EVM chains and Solana via 12 bridges, 25 DEXs, and 5 DEX aggregators (and growing).
LI.FI’s product portfolio features sophisticated white-label B2B solutions that not only allow same-/cross-chain swapping capabilities but also grant arbitrary contract calls for the implementation of advanced cross-chain strategies such as yield aggregation, LP-zapping, NFT purchasing, and many more. We believe Web3 needs to be made available for not only the next Billion users, but for the next million developers to build on it as well.
Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.
We've integrated multiple fallback bridges + DEXs so that you don't have to
We maintain bridges + DEXs so that you don't have to
We choose the best bridges based on our research so that you don't have to (positioning ourselves neutral)
For some examples of how LI.FI works. Check out:
MetaMask Bridges - API Integration
Superfluid - Widget Integration
Alchemix - SDK Integration
Disclaimer:
This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.