All the new terms and concepts used in crypto can be tough! If you’re still trying to understand the basics, these videos will help you get up to speed.

DeFi & Blockchain

Already comfortable with blockchains? If you’re ready to get started learning how to use Folks Finance, jump into our protocol tutorials.

Folks Tutorials

A blockchain is a digital, decentralized, and immutable ledger used to store data, such transactions or proof of ownership. Unlike private servers, blockchain data is transparent and unchangeable, making it superior for record-keeping. Popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin operate on blockchains.

What is a blockchain?

Bitcoin, Ethereum, and Doge all run on:

What is the main feature of a blockchain?

Which of these was the first blockchain?

What do computers on a blockchain network do?

Understanding Blockchain: The Backbone of Cryptocurrencies

"Crypto" goes beyond trading and tokens like Bitcoin or Ethereum. Rooted in "kruptós" (hidden), it began with cryptography and evolved into a +$3 trillion industry. "Crypto" refers to both digital currencies and the broader blockchain space, shaping the future of finance and technology.


What is crypto?

What is the primary origin of the word "crypto"?

Which of the following statements best describes the two main uses of the word "crypto"?

What is the approximate value of the crypto industry as mentioned in the text?

Crypto has evolved far beyond bitcoin. As the technology matured, different versions of how to build a blockchain emerged. Learn about the two most common types of blockchains in this video.


Types of Blockchains

What is bitcoin’s consensus system called?

One of the issues with Proof of Work is its:

In a Proof of Stake system, users commit _____ to participate in consensus:

Decentralized Finance, or DeFi, is transforming our understanding of financial systems, promising transparency, efficiency, and democratization. This video introduces you to the basics of DeFi and explains why it's the next big thing in the world of finance.


What is DeFi?

What does DeFi stand for?

Smart contracts in DeFi protocols:

Unraveling the Concept of Decentralized Finance.

Algorand, a layer-1 blockchain solution, has effectively addressed the blockchain trilemma: scalability, security, and decentralization. This unique capability has made it the platform of choice for Folks Finance. In this video, we dive into Algorand's innovative design and its exceptional performance capabilities.

What is Algorand?

Who is the founder of Algorand?

What role does an ALGO token play in consensus on Algorand?

In Algorand's governance system, what does committing ALGO tokens allow you to do?

Bridging is a new technology which empowers cross-chain activities. It’s a big step forward for bringing isolated ecosystems together and unifying the crypto industry. 

What is bridging?

Which of the following is NOT a benefit of bridging technology?

Leverage trading amplifies market exposure using borrowed funds, offering profit potential alongside elevated risks.

What is Leverage Trading in crypto?

What is the key advantage of leverage trading?

Which factor increases with higher leverage in trading?

Going Long and going Short are two of the most common strategies used when trading crypto markets. It’s important to understand the basic mechanics of Long & Short if you plan to trade or invest in the crypto markets. The prices of all digital assets are affected by these specific strategies.

What is Long & Short?

What is the primary goal of 'going long' in investing?

What is one potential consequence if most people were constantly positioned short in the market?

How can leverage be used to manage risk in trading when your main position is long?

 Smart contracts are what separates blockchain 2.0 from blockchain 1.0. Understanding smart contracts will give you the knowledge to understand many of the key aspects of DeFi and NFTs.

Smart Contracts 101

According to the video, what role do smart contracts play in the functionality of blockchain technology?

How do Smart Contracts differ from traditional contracts?

What does the video suggest is the primary limitation of traditional contracts?

Learn about the inventor of the smart contract, its origins, and how they could be used in the future.

Smart Contracts 102

Who is credited with the initial concept of smart contracts?

What role do smart contracts play in the application of Folks Finance?

What early application of smart contracts is mentioned in the essay?

Dive into the history of smart contracts.

Crypto is still an industry in its infancy. One of the pillars of blockchain is its immutability, but that doesn’t mean personal security is as simple. Watch this video to learn some basics on how to protect your on-chain assets.

How to protect your crypto assets

What is a mnemonic key also known as?

What does self-custody in cryptocurrency mean?

What was a primary example given for the risk of keeping crypto on a centralized platform?

Folks' xChain Lending is the solution to liquidity fragmentation issues which have crippled the crypto industry – specifically the DeFi industry.

xChain Lending Tutorial

What is the first step to take after connecting your wallet on xChain?

How do you link multiple chain addresses in xChain?

Deposit and borrow between multiple chains, simply crosschain.

Ibu provides a step-by-step walkthrough on how to create a multi-chain loan position on xChain, by using USDC and AVAX as collateral from different networks, and borrowing ETH on Base. Ibu explains how the protocol allows users to manage portfolios across multiple blockchains with ease, unlocking new opportunities for DeFi lending. He also discusses upcoming campaigns, NFT rewards, and social quests on Galxe, making it a must-watch for anyone interested in DeFi.

Building Crosschain DeFi Loans with xChain

What is xChain?

What collateral does Ibu use to create the multi-chain loan position in the video?

In this video, Ibu, CMO at Folks Finance, demonstrates how to use xChain, the new Folks Finance cross-chain version of the lending protocol. He also highlights how Folks enables seamless portfolio management across multiple chains.

Folks Finance supports Algorand wallets. Learn how to create a wallet using two of the most popular options – Pera and Defly. It’s a simple process which unlocks a whole new ecosystem!

Creating an Algorand Wallet

Why is it important to save your 25-word passphrase?

What could happen if you lose your passphrase?

You'll need a blockchain wallet to use Folks Finance. Folks is compatible with Pera Wallet, Defly, and Fireblocks. Set up one of those wallets, then watch this video to get started.

Connecting your Wallet to Folks Finance

How do you connect to Folks Finance?

Depositing assets is the first step in accessing the lending markets on Folks Finance. After depositing, you'll be able to accrue the yield paid from borrowers, or collateralize your deposit for a loan.

How to Deposit Assets

What can you do with deposited assets on Folks Finance?

Learn how to deposit assets into Folks Finance.

After depositing assets, you can create a loan position by collateralizing assets, then borrowing. There are many methods and structures for loans on Folks Finance. Get familiar with how to manage your loan with this video.

Basic Loan Management

Which type of loan is not available on Folks Finance?

Why is "Variable APY" variable?

Which of the following will not raise your liquidation margin?

Loans are a core feature of Folks Finance.

Liquid Governance allows you to commit to Algorand Governance while maintaining the liquidity of your commitment. For each ALGO committed, one gALGO is minted and distributed, which is usable around the ecosystem for DeFi, NFTs, gaming, and social platforms.

Liquid Governance Intro

The first week of a new governance period is also:

What is gALGO?

Leveraged Commit allows you to commit up to 4x your ALGO holdings to Liquid Governance in a single click! Thanks to the power of flash loans, you can increase your voting power and rewards.

Leveraged Commit

Using Leveraged Commit creates a:

Repaying your loan:

Multiply your governance commitment up to 4x.

Voting with Liquid Governance is the easiest way to participate in Algorand Governance. With just a few clicks, you can put your ALGO to work to influence the direction of Algorand’s future.

How to Vote with Liquid Governance

When voting with Liquid Governance, you cannot:

Liquid Governors can also vote on:

By using the “Repay with Collateral” feature, you can easily repay the loan created for Leveraged Commit to unlock your ALGO commitment. It only takes a few clicks.


Repay Leveraged Commitment Loan

Click repay on ALGO under:

On the repay modal, select:

You can remove the gALGO by clicking:

You can redeem your gALGO for ALGO on the:

Close your leveraged commitment in a few clicks!

Lending Pools allow your deposit to earn yield from Folks’ lending markets and Pact’s trading fees at the same time. Learn how to easily get started using this innovative yield-generating product.

Lending Pools: Pact

Which of the following is not a source of yield for Lending Pools?

Obtener rendimiento de dos fuentes juntas.

Lending Pools are now live on Tinyman. Earn yield from Folks' Lending Markets plus Tinyman's DEX fees at the same time!

Lending Pools: Tinyman

What are the sources of yield for Lending Pools?

What color is the Tinyman logo in this video?

Ultraswap allows you to increase your exposure to the crypto markets up to 8x using Folks Finance’s permissionless technology. Position yourself Up, Down, or Convert from crypto to USDC, all in a few clicks. 

Ultraswap Overview

What does Down not allow you to do?

What are you adjusting when you change the slippage?

Which of the following is not possible on the charts by TradingView?

Avalanche is a layer-1 blockchain known for its high performance and flexibility, supporting a wide range of applications from games to DeFi. It boasts a unique consensus mechanism, a strong founding team, and a vibrant community, making it a leading choice for developers and users alike.

What is Avalanche?

When was the development of Avalanche first ideated?

What programming language is used to build on Avalanche?

What are Subnets in the Avalanche ecosystem?

Avalanche is a fast, scalable blockchain.

The crypto world is fragmented across hundreds of blockchains, each with unique advantages. By connecting these chains with interoperability protocols, we can create a unified and prosperous crypto ecosystem.

Crosschain Crypto

What is one of the main benefits of connecting blockchains with interoperability protocols?

Which of the following tools is mentioned as a solution for building applications across multiple blockchains?

What is a significant resource mentioned that is spread thin across many blockchains?

Unlocking Crypto's Interconnected Future.

Staking ALGO on Folks Finance is a straightforward process that involves connecting your wallet, entering the desired amount, and signing off to receive xALGO, a yield-bearing token. Users can utilize Ultrastake to amplify their staking rewards. Additionally, there are options for unstaking ALGO as well as managing Ultraswap positions.
 

xALGO Tutorial | Algorand Liquid Staking

What do you receive when you stake ALGO on Folks Finance?

What is UltraStake used for?

How can you unstake ALGO?

Staking ALGO on Folks Finance: How It Works 

Folks Finance allows users to stake ALGO to mint xALGO, a liquid staking token that increases in value over time. The process is simple: connect a wallet, stake ALGO, and receive xALGO. UltraStake offers leverage to multiply staking exposure. Users can track exchange rates, total staked ALGO, and use xALGO in the Algorand ecosystem.

4x ALGO Yield Farming with Folks Finance

What is xALGO?

What does UltraStake do?

Where can xALGO be used?

How to Stake ALGO on Folks Finance and Mint xALGO

Folks Finance has released xAlgo, a new liquid staking product for Algorand, replacing gAlgo. With xAlgo, users can earn yield on ALGO without needing to recommit every three months. Simply stake ALGO, and xAlgo is available for use across the Algorand DeFi ecosystem, including trading, farming, and staking.

gALGO to xALGO | The Next Phase of Staking on Algorand

How can users access the liquidity of xALGO?

What is a key benefit of xAlgo compared to gAlgo?

What does it mean to "mint" xALGO on Folks Finance?

Say Goodbye to gAlgo, Welcome xAlgo: The New Era of Staking on Folks Finance

Liquid staking allows users to earn yield on assets like ALGO without locking them up. xALGO is the liquid staking token for ALGO on Folks Finance, enabling participation in the DeFi ecosystem. This innovation provides flexibility for trading, staking, and spending, solving the limitations of traditional staking.