Folks Finance Closed $3 Million Seed Funding Round with Coinbase Ventures and Others

TokenInsight news, Folks Finance, a lending protocol on Algorand, closed a $3 million seed round led by Borderless Capital with participation from Jump Crypto, ParaFi Capital, Coinbase Ventures and others. It is reported that the protocol is currently in its smart contract security verification phase, after successfully completing a protocol design review, and early this year is planning the official launch for Folks Finance on the Algorand TestNet, along with the release of Folksy Guys, the official NFT collection dedicated to the Folks Finance community.