Our Defi Champion Dylan, aka Fedchain Intern (@algorand_intern)! Healthcare professional by day, humble DeFi farmer by night. On a mission to onboard the next wave of participants to our parallel financial system
$USDC is paying over 50% APY on the #Algorand@FolksFinance#crypto lending app right now. Earn Folks points too!
If youโre curious about getting started on Algorand, join DragonFi and we would be happy to onboard you to the ecosystem
Lofty is live in Atlantic City! ๐ฒ
Introducing a 5 bedroom waterfront Vacation Rental with over $70k in revenue in 2024 through October.
๐ https://t.co/ic1qE3q2kV
๐น๏ธ Arcade Games
๐ Ping pong
๐ฏ Darts
๐งโ๐ณ Quartz countertops + stainless steel appliances
#algofam#RWA#RWAs #algo $ALGO #Algorand
It's staking season #algofam and we have a special treat in collaboration with @meldgold & @MessinaOne ..๐งโ๐ณ
3 new farms are now LIVE:
$MOG/ $mALGO
$GOLD/ $mALGO
$wstETH/ $mALGO
90,000 $Algo is up for grabs!
Now until January 31st, 2025.
https://t.co/5sTiTVWMCq
Folks internal governance proposals are live!
We encourage all community members to check them out and cast your votes before December 12th on the gALGO Liquid Governance page.
Proposals include:
- Liquid Governance revenue distribution. ๐ฐ
- xALGO listing. ๐ฏ
- xALGO decentralization. ๐
- Voting power transition from gALGO to xALGO. ๐
Coinbase brings Bitcoin onchain.
Folks takes it crosschain.
@Coinbase has launched cbBTC, enabling millions of Bitcoin holders to securely bring BTC onchain.
Folks Finance allows users to unlock the value of their BTC like never before. Deposit cbBTC on @Base, then borrow any supported asset against it โ on any chain โ with no concerns about bridging or liquidity fragmentation.
With cbBTC on Folks, DeFi just got a lot more flexible for Bitcoin holders.
Together, weโre building the global onchain economy for everyone.
Folks Finance is open-sourcing and decentralizing xALGO Liquid Staking.
Experienced community members will be selected to run nodes for xALGO in harmony with Folks, ensuring a more distributed and resilient network.
As always, security is top priority. The xALGO code will be open-sourced following a $30,000 @Immunefi Audit Competition.
Audit kicks off on December 9th. Read more โ
https://t.co/yzn3k0TTjR
Algorand circulating supply is now over 80%. While many proof-of-stake blockchains have no fixed total supply, $ALGO has a fixed supply of 10 billion. If network growth continues at the current rate or accelerates, #algorand will soon become an appreciating asset.
Folks Points expand on the @Algorand Folks app!
Simply collect them by depositing, borrowing, repaying, staking, flash loans, and swaps on Algorand.
Get rewarded for using Folks๐ง
You can now collateralize @FolksFinance $xALGO on @Compxlabs to mint $xUSD stablecoin!
- Vault your xALGO
- Earn consensus rewards
- Mint xUSD
Secure the network, earn $ALGO, and perhaps stake your minted $xUSD for 20% of CompX protocol interest, directly on the site!
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Missed out on the latest DeFi news and developments? No worries algofamโฆ
@algorand_intern & @DragonFi_Realm have all the alpha from this past week!
More yield.
More liquidity.
More efficiency.
Lending Pools on @algorand aggregate both lending and DEXs pools, allowing you to collect yield from two sources at once.
Result โ ALGO/USDC: 42% APY ๐ฅฐ