Polygon gives $300k to Folks Finance for cross-chain borrowing. The funding helps spread liquidity smoothly across chains and makes multi-chain loans easier.
Folks uses a 'hub-and-spoke' setup, letting users deposit on one chain but borrow elsewhere via Circle CCTP, Chainlink CCIP, or Wormhole—safer than old bridges that risk asset safety.
First $100k in MATIC already out, aimed at filling the gap after Aave cut back its PoS services. Folks also has a 'Folks Points' rewards system.
Avalanche and