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Folks Finance

Folks Finance's xChain App is a decentralized finance (DeFi) platform that offers seamless cross-chain lending and borrowing services.

Strategy Introduction

• Deposit YBTC.B in Folks Finance to earn interests, $AVAX rewards, $BTR Bonus & x5 Folks points.
• Users could withdraw their deposits from Folks Finance anytime.

Yield Distribution

• Interest APY: updated and claimable in real time.
• $AVAX rewards: updated and claimable weekly.
• $BTR Bonus: updated in real time, monthly claimable
• Folks points: updated in real-time, claimable after the Folks Finance TGE. </aside>

Step 1： Create an account on Folks Finance.

1.1 Visit the page and connect the wallet.

1.2 Click on Create Account and create a new xChain account. Click on Create Account and sign with your wallet. Please make sure you are holding some AVAX as the gas token on the Avalanche chain.

• Note: Accounts in Folks Finance are designed to manage users' positions and facilitate lending functionality across multiple blockchains. Each account is uniquely identified and allows for efficient cross-chain operations. To learn more: User account

Step 2: Earn with YBTC.B on Folks Finance on AVAX

Option 1: Earn via Depositing YBTC.B on Folks Finance

First, spread the Bitcoin assets list and find YBTC.B on the list.

Second, click “Deposit”, deposit YBTC.B to Folks Finance, and confirm the transaction by signing the wallet.

After depositing, you will find your collection of deposits on the page. You may withdraw the assets by clicking the “Withdraw” button.