Blog » DeFi » Unlocking Folk Finance: Exploring Enhanced Features

Unlocking Folk Finance: Exploring Enhanced Features

In the world of decentralized finance (DeFi), Folk Finance is always improving their platform for its users. Lately, they’ve made big improvements, adding new things that make using the platform even better. Let’s check out what’s making Folk Finance different now.

1. Streamlined Swap Experience

A great feature of Folk Finance is its swapping tool, which has gotten even better with recent updates. Now, there’s a swap button accessible in the dApp menu, making it easy to swap your assets.

Now, users can explore and utilize the swap widget even without a wallet connection or limits, enhancing accessibility and convenience.

More assets are now available thanks to the Folks Router. Meaning there are even more ASAs to trade now, but with the router it finds the best swap across multiple DEXs.

You can now search for assets using their ID, which makes it easier to find and ensure you have the ASA you are looking for. It helps you trade smoothly without any hassle. It’s also now easier to switch between the ‘From’ and ‘To’ assets when swapping. This makes the swapping process smoother and faster.

2. Past Rewards

Folk Finance makes it easy to see your past Liquid Governance rewards and if you were opted to be an xGov. Don’t forget the rewards of the governance period will be sent directly to your wallet as soon as the foundation distributes them.

3. Empowering Community Participation

The Algo Liquid Governance lets you vote on ideas from Algorand Foundation and Folk Finance. You can switch between them easily, making it easy to shape the Algorand blockchain and Folks Finance.

There’s also the xGov program that helps spread out decision-making on Algorand. If you join as an xGov on Folk Finance, the rewards you’d get turn into voting power, making it a big reason for more people to join in and help shape where the platform goes and the proposals the foundation supports.

They focus on new ideas and community-led decisions, making it a big part of DeFi’s growth.

As Folk Finance keeps growing and changing with DeFi, users can expect to be more involved. It’s all about creating a future where everyone has a say in how DeFi works.

So, the updates in Folk Finance mean a more open, diverse, and community-focused DeFi world. You’re invited to be part of shaping the future of decentralized finance!