Folks Finance Lending
Overview
TVL
$30.5M
Up 37% over 90 days
Live since
2022
Lent out to borrowers$14.6M· not in TVL
TVL, last 90 days
Moderate
Full data
Security
AuditsAudited by Runtime Verification, February 2022Audit page 1Audit page 2Audit page 3
Contract statusImmutableALGO pool 971368…8268USDC pool 971372…2237USDt pool 971372…2700
Multisig4 of 7 signers must approveSafe Q5Q5FC…EIGA
TimelockNone — admin changes take effect immediately
Track record
Through market stressCame through all 5UST/Luna collapse (May 2022) — deposits grew 378%FTX collapse (Nov 2022) — kept 31% of its depositsUSDC depeg (Mar 2023) — deposits grew 15%August 2024 crash — kept 96% of its depositsOctober 2025 liquidation cascade — kept 65% of its deposits
Exploit historyNone recorded