GARD x Folks Finance Lending Partnership Announcement
GARD Protocol announces an expansion of its partnership with Folks Finance and the introduction of $GARD, the decentralized stablecoin of Algorand, to Folks Finance’s lending markets.
“When we first partnered with Folks Finance and introduced the $gALGO as a new type of collateral backing $GARD, we simultaneously enhanced DeFi composability and unlocked new opportunities for both of our communities. When a user borrows $GARD against their $gALGO position, they can then take advantage of no-lock stablecoin staking and earn rewards paid out hourly. It’s a great way for folks to earn on top of their already existing Algorand governance positions, or to even participate directly in governance and then borrow/stake directly from their positions on the GARD Protocol. This Partnership will unlock similar opportunities and utility for our decentralized stablecoin, $GARD, and enable folks to unlock the maximum potential of their $ALGO holdings.” – Rylie Rueda, GARD CEO
The lending partnership between GARD Protocol and Folks Finance enables users to deposit $GARD liquidity and start earning a continuous economic return instantly. Users can also borrow $GARD directly from the Folks Finance dApp. The collaboration between protocols includes a disruptive economic lending model designed for soundness and security of the users. This also opens more doors for $GARD holders to take advantage of unique opportunities like $GARD staking rewards and ways to earn yield by providing liquidity, participating in Algorand (DeFi) governance, and more.
To learn more about other exciting ways to earn rewards and get the most out of your ASAs please visit our incentives page linked here. If you have any further questions or concerns please feel free to ask us directly in Telegram, Twitter, or Discord.
About GARD Protocol
The GARD Protocol offers groundbreaking decentralized money and fixed-yield products for Algorand users and governors alike. Users can draw a stable line of credit from their ALGOs while earning interest on them through governance, borrow against whitelisted ALGO derivative ASAs, stake GARD for higher yields, and even trade their collateralized debt positions in the future. This system enables billions of locked ALGOs to regain their full utility while participating in governance. GARD Website | GARD dApp
About Folks Finance
Folks Finance is an algorithmic capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain. Through the lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Through the borrowing operation, the users can request crypto loans by locking deposited funds as collateral. Folks Finance Website | Folks Finance dApp
This is not to be interpreted as financial advice of any kind and we strongly encourage folks to do their own research. More information on GARD Protocol's disclaimer can be found here.