Benedetto
@BenedettoBio
Followers
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Following
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@FolksFinance CEO - @climatecoin DeFi Advisor - @techstarsweb3 Mentor
Joined August 2021
Be. Be. Monko .I wanna show the power of the Monko cult. If this gets: .- 1000 likes, I buy $1000 + giveaway $200 + monko pfp .- 2000 likes, I buy $2000 + giveaway $300 + monko pfp/bio. RT, follow me, @FolksFinance, @Real_monko to be eligible. Your truly,.Be.nedetto.
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A great beginning of 2024 for @FolksFinance 🏆. Folks was selected among over 100 DeFi projects and won the 1st place at the @WCF_2030 DeFi Trendsetters final!. LFG!. @Cointelegraph @DWFLabs @thecryptovalley
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Very excited to bring home this Award! This is for the entire @FolksFinance and @algorand community!.
Winner For The Most Exciting Project of 2023 In The DeFi Category. @FolksFinance is a non-custodial DeFi protocol built on Algorand that provides a full set of DeFi tools for managing digital assets for lending markets, farming options, swaps, and ALGO Liquid Governance
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I've seen some misunderstanding about our latest announcement, possibly due to the visually impactful title or a lack of clarity from us. The New Cross-chain protocol will run parallel to our Algorand app, and it will ultimately benefit the chain and the Algorand community
Folks Finance is using a hub & spoke model to build the best cross-chain lending experience on the market. @avax has been selected as the hub-chain – the engine of the machine. Testnet is coming soon. Why Avalanche? Learn more ⤵️.
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I've been reflecting on Folks' growth and the scaling phase we are facing right now. Our journey in Folks Finance started 3 years ago. I still remember preparing the slides for the Algorand Europe accelerator. At that time, @Algorand did not have a Virtual Machine, and it was
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4 years ago, I followed my instincts into DeFi. Here's what happened. While everyone focused on @ethereum, I saw the potential of other L1s rising, like @Algorand. A simple thought sparked an idea: “If Algorand grows, let’s build on it.”. That led to @FolksFinance:. •
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Chapeau 🎩@marcvl this is super cool!.
When blockchains meet the real world, only Algorand delivers!. An #AlgoFam concept with special guest @Scaramucci.
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Folks Points Retrodrop - Part 1 - gALGO 🪂💧. After the @Algorand G14 commitment window closes on Jan 14, we'll kick off the first part of the @FolksFinance Points Retrodrop. The more gov periods you've participated, the higher your points multiplier. We do not forget.
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Ran into a friend of the #algofam while manning the @FolksFinance booth at @LABlockchainSmt . 🐳 @Scaramucci #algorand
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My reflection on the points system 24 hours later. Most importantly, as always, we listened to the community, and our devs worked overtime during the weekend to respond to the feedback. Yes, we underestimated the number of Algorand users not accustomed to EVM wallets and we.
Folks Points expand on the @Algorand Folks app!. Simply collect them by depositing, borrowing, repaying, staking, flash loans, and swaps on Algorand. Get rewarded for using Folks💧
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2024 gonna be big for @folksfinance. Devs are working hard on the new upcoming cross-chain launch. Great to see the community waiting for $FOLKS. The economics team is finalizing the tokenomics and researching all the best Airdrops and launches.
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I couldn’t ask a better beginning of my weekend! New ATH @FolksFinance TVL 🚀.2024 road to $1B #LFG
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We are about to release a new feature on @FolksFinance .Get ready with your #Degen mode on @algorand governance 🧑💻 . That’s all FOLKS!
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I will be representing @FolksFinance as a successful startup from the @algorandeurope during the @AlgorandMiami program, organized by @rokk3r_inc, @AlgoFoundation, and @borderless_cap. I look forward to meeting you all! The registrations have been extended until October 17th.
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Real-world on-chain assets are going to evolve this industry to the next level. @Algorand is perfectly built for this purpose. ✅. We want to be prepared for the tokenization of the economy, which is why we're putting forward this proposal for NFT Lending. Read more below.
The Folks Finance team has recently published an xGov proposal regarding the development of a decentralized NFT lending platform where users can collateralize their NFTs to unlock liquidity by borrowing fungible tokens. 👉 Check it out: Let’s explain. 🧵.
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🏛️Governance Proposal: DeFi + xGovs🏛️. 1/ We have been thinking about the easiest way to launch an xGov design that can match what the @AlgoFoundation needs for the upcoming #Gov6. The idea is simple and straightforward but very beneficial for the entire @algorand ecosystem.
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The Avengers of @Algorand have assembled at @CFCstmoritz ! 🦸🏻🦸🏻♀️. @zhang_matt - @HivemindCap CEO.@StaciW_DC - @AlgoFoundation CEO.@Scaramucci - @SkyBridge CEO.@eric_ldn - @AlgoFoundation Global Head of BD and Cap. Markets.@da_yang3 @AlgoFoundation head of market strategy
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@FolksFinance @Algorand ✅ Fixed. Algofam asked, and we delivered at light speed. Our devs worked overtime on their weekend. Hopefully, this clarifies most of the people who thought we were not considering the importance of it.
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@Algorand Mainnet we are here. A great journey, a lot of effort, pain and joy, weekends spent in the office. 16 months of my life dedicated to the projects, and many more has to come. Thanks to our fantastic team, investors, partners, community and everyone that made it possible!.
🚀 3, 2, 1…The time has come! #FolksFinance Capital Markets Protocol is now live on @Algorand #Mainnet!.#DeFi #Algorand #FutureFi #Blockchain. 💪 Try it out at ➡️ Youtube video:
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As promised, we brought @FolksFinance & @Algorand to the podium at @EBlockchainCon Awards 2023 in Barcelona. Glad to ride the wave with such a talented team, a supportive community, and great investors. Hard work always pays off.
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We will ensure that @FolksFinance points cheer our community. What are the most desired utilities you want from it?. Be creative! 100 USDC for those who comment with good ideas.
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We have been working hard to deliver the best-in-class new @Algorand Liquid Staking. At @FolksFinance we decided to anticipate the official @AlgoFoundation consensus upgrade to prepare #algofam for the bigger change by launching the new #xAlgo in advance and starting to develop.
xALGO is LIVE 💧. The primary liquid staking token for @Algorand that allows you to participate in consensus and collect rewards, staking ALGO without the need to run a node yourself. Details ↓.
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Folks strikes again.- Decentralize xAlgo to community.- $30K audit competition on Immunefi (first @Algorand project ever doing it).-open sourcing the code. 👨💻 we work and deliver silently.
Folks Finance is open-sourcing and decentralizing xALGO Liquid Staking. Experienced community members will be selected to run nodes for xALGO in harmony with Folks, ensuring a more distributed and resilient network. As always, security is top priority. The xALGO code will be
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New skin, same Folks, getting ready for the big game!.
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1/ Here is how at @FolksFinance, we designed a new way to incentivise users. First, drop off the idea of unsustainable #DeFi incentives, which moves users from the "prosperous" protocol/ecosystem to the other. Second, take 1 minute and read below:.
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Two years of my life dedicated to this project! . Here we are now, ready to rock & roll DeFi with @FolksFinance!🚀. Thanks to the team who worked extra hard to bring innovation in this unexplored field, investors, and the community for supporting and believing in us!. #DeFi #ALGO.
1/ Folks V2 is now LIVE on @algorand Mainnet!🪐. 👀 Try it out NOW: 💠 Complete documentation and user guides at #Algorand #DeFi #AlgoFam
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IYKYK, Folks @Algorand points system is coming next week. beware of imitations, xAlgo 🚀 🌝.
Staking Rewards are coming to Algorand in early December!. For the first time ever—you can collect rewards for running nodes or staking Algo, doing your part to secure the network. Why stake on Algorand?. Key benefits 👇. 1. No slashing risk ✂️. Staked Algo is not subject to
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This is the third award @folksfinance has been honored with since the start of 2023. Feels surreal since we’ve only been live for about 18 months. I’m very proud to collect the award on behalf of our incredible team. The crazy thing is that it’s only the beginning, because we.
🏆 Folks Finance has been awarded Best Blockchain Project in Digital Assets by @Alastria_!. 📸 CEO @BenedettoBio pictured at the award ceremony in Madrid. Big thanks to the team and our incredible community! 🥇
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My first loan on @xbacked!!! @Algorand DeFi wall brick by brick is growing! Can't wait to see xUSD in @FolksFinance markets
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1/ I have published on the @Algorand forum the @FolksFinance team's idea of a model that incentivises AF Governance adoption through DeFi protocols allowing the ecosystem TVL growth and remains coherent with the decentralized governance mission that Algorand is pursuing.
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I have just collateralized my first Algo for borrowing xUSD. Yep, real xUSD minted from @xbacked and deposited on @FolksFinance. Composability between @Algorand protocols on Testnet going on 🚀🔥 @awoldes
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Very excited to be speaking at #AlgoImpactSummit in New Delhi on a fireside chat with @eric_ldn ! 🇮🇳. India is a pillar for tech innovation and inclusion; I believe DeFi has the potential to enable accessibility and financial inclusion for all. Learn more about the event 👇
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Bull cycles feels like a jet lagged holiday. You are excited and tired at the same time 🫠. We are cooking up so much at @FolksFinance and we are so ready for it sir 🚀.
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Yesterday we increased the USDC borrow cap of 2M and surprisedly was borrowed in few hours. Today we added 5M more to the cap. How long you think is gonna take to hit the new USDC 15M borrow cap?
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Started in 2024 at @wef in Davos winning a DeFi competition. @FolksFinance reach $400M TVL, 18K MAUs, 6 chains, Secured $3.2M. But the real victories? Learning to wakesurf, celebrating my Nonns's 90th, and getting engaged. Success isn't in $ - it's measured in moments.
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Yesterday USDCa support on @FTX_Official, today @SBF_FTX at @DecipherEvent, what’s next? I propose.@FTX_Official @AlamedaResearch investing in @Algorand DeFi. I am ready to pitch @FolksFinance and Liquid Governance 🕺.
Speaker Announcement 🎙️ @SBF_FTX, CEO of @FTX_Official, will be joining us as a speaker at #Decipher2022 in Dubai 🔥. Register now for the second annual @Algorand community gathering:
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The Folks team has done it again!. We’re excited to announce a new product that sets a new standard in the industry: xChain Lending. Stay tuned for plenty of big news coming up. We continue to build and deliver for our Folks!.
No more fragmented liquidity. Introducing xChain Lending, one gateway to all blockchains 🧵.
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With the team we've been focusing on RWA since the very beginning. Always designing the protocol to be open for such integration of TradFi assets. Gold and silver have been more than just precious metals throughout history: they were the very essence of trade and wealth. Now,.
New listings: GOLD$ & SILVER$ 🥇🥈. One @meldgold token equates to one gram of the corresponding precious metal that is fully redeemable and housed in a network of secure vaults and facilities. 💠 Lend, borrow, and trade GOLD$ & SILVER$ in one location:
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We are cooking something fun for gALGO this quarter. @ibuprod paint the ideas from scratch 🧑🎨.@ZenzaF1 does the math 🧑🔬.@f_moraschi check the ingredients list 🤵.I put the salt 🧂🧑🍳.
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During last 24h almost 4M Algo was borrowed through @FolksFinance Flash Loans using the Leveraged governance. That’s just the beginning of what we are building 👷♂️🔨.
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The recent changes to how @Algorand TVL is calculated have been confusing to the community. The @DefiLlama team has kindly created an open discussion on the topic. If you'd like to share your opinion, please leave a comment on this GitHub page. #ALGO
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At Rome #eprix with @Envision_Racing @AlgoFoundation .OG #Algo builders @PlanetWatcher1 .@PlanetWatchsas @FolksFinance
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Wonderful people today in Denver at @avax hacker house🔺. Great talking about life, food, DeFi, and @FolksFinance cross-chain expansion with @MattSchmenk @el33th4xor @ibuprod
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@Real_monko let’s be. A partnership Monko @FolksFinance .@ibuprod @f_moraschi can make the magic. My Christmas bag is going to be Monko.
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I really enjoyed yesterday DeFi talk in London's @UniWestminster about how @FolksFinance is revolutionizing the industry using @chainlink technology. Thanks to everyone who came and to the @CL_Community for the excellent organization @PolivodaTatiana!
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#gALGOfam Who is the next ALGO 🐋 you would like to see using @FolksFinance liquid governance? Tag them here and I will make sure I will reach out explaining the benefits of gALGO to the @Algorand ecosystem!.#algo #gALGO #DeFi #FolksFinance LFG 🚀.
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Imagine when phones could only call same networks… That's DeFi right now. But we're breaking down these walls at @FolksFinance . Crosschain tech is here to make DeFi work for everyone, not just the tech-savvy. #defi #crypto #web3
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I’m excited to be speaking at Chainlink #SmartCon in Hong Kong! . We are proud to be part of the @chainlink BUILD program as Folks Finance is the premier lending protocol building on top of CCIP technology for seamless crosschain lending and borrowing. Join me for an exclusive
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Here we go, another innovation delivered by our team!.It was tricky, but we made it all the way. ULTRASWAP is here to complete the DeFi tools suite of @FolksFinance for users to have one secure, trustless alternative to CEX!.
Introducing Ultraswap. Go 📈 UP↑ or 📉 DOWN↓ and upgrade how you do business:. - Increase Market Exposure.- Customize charts with @tradingview .- Build your stack with $USDC conversions.
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Yes, we care about @Algorand network security. All of those incentives coming from @FolksFinance DeFi rewards. Fasten your seat belt for upcoming xAlgo #Algofam.
Here is the current leaderboard for @FolksFinance wallets participation in the Algorand consensus. #FolksFinance #Algorand. 1/5
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Amazing experience in ATX! We are proud to bring @FolksFinance voice and mission to new partners and friends meet at @consensus2022 #FOLKS #Algorand
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Taking a rest from red and green markets, going to blue for a week. Still shilling @FolksFinance to my fishies 🐠
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Truth about VC investing in bull vs bear markets. As a DeFi founder, I've seen projects raise millions with zero product-market fit during bull runs. Meanwhile, solid projects struggle to raise in bear markets. At @FolksFinance, we chose building:.Real products, users, revenue
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Had a total blast at @MessariCrypto side event yesterday! Cheers @Jeff_Malko for putting it together! @Algorand @BitMartExchange
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Had a lot of fun at the #DeFiesta party as #Decipher2024 official side event last week! Big thanks to sponsors @FolksFinance @PeraAlgoWallet @tinymanorg @deflyapp @meldgold @pact_fi and @AlgoFoundation for the support!
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Why are CEXs dominating DeFi?. Let’s break it down:.• @binance : 240M users.• @Uniswap: 14M users. Why such a huge gap?. The answer lies in operational efficiency:. ↳ Low costs & ease of use.↳ Faster transactions.↳ One-stop platforms for all user needs. But @FolksFinance is
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Be. Open the gates.
#BitMart is thrilled to announce the exclusive primary listing of Monko (MONKO) @Real_monko 🎉. 💰Trading pair: MONKO/USDT.💎Deposit: 1/21/2025 9:00 AM UTC.💎Trading: 1/22/2025 9:00 AM UTC. Learn more:
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After more than a year of research and work. Here we are introducing xChain, the first version of @FolksFinance newborn. Test it out and share your feedback!.
1/ 🚇 The Folks xChain Testnet is officially LIVE. ⇢ Lend and borrow your favorite assets between multiple chains. ⇢ Enjoy the delightful advantages of unified crosschain liquidity. Try testnet and complete quests to get rewards and recognition.
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Today, we've announced our latest fundraise, another goal achieved at @FolksFinance. Special thanks to @DG__tw and @borderless_cap team, who have believed in us since 2020, and to all the old and new backers who joined our magnificent journey. The best is yet to come.
Folks Finance has closed an oversubscribed funding round led by @borderless_cap, increasing the total investment into Folks to $6.2 Million. Details ↓
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A fantastic AMA session over Algorand DeFi, with Aron from @YieldlyFinance and @Pigi_Pal from @AlgoFoundation. Thanks @AutumnPenaloza for the fantastic organisation and to include @FolksFinance. #Algorand #algorandfoundation #DeFi
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#AlgoImpactSummit last week was great, loved to see the work @Algorand is doing in the country! 🇮🇳. Fantastic @doroungerlee @Algo_Bharat for the organization, very much enjoyed discussing innovative on-chain solutions for financial inclusion on the panel with @mintwt and the
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I am arguing with @ibuprod about new @FolksFinance Slogan. Let’s see if someone gets to give light to something cooler than what we have. Drop in comments how you see Folks in the catchiest way. 100 USDC to the best proposal.
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Pitching @Algorand and @FolksFinance at @Crypto_Expo_ .@TigerChiClub @ttiiaann I have to thank you for the ecosystem slide ❤️ #DeFi #algo #lending
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Built a DeFi platform by listening to our users. Their feedback shaped every feature and upgrade. Community-driven innovation and improvement at @FolksFinance changed everything. A crucial lesson from building @FolksFinance: Your community is your best advisor. 👇
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Glad to be working alongside @doroungerlee @mattkeller1 with this beautiful initiative of @AlgoFoundation and UNPD.
Folks founder, @BenedettoBio, is a speaker at the @UNDP x @AlgoFoundation Academy, which will teach blockchain to over 32,000 United Nations staff members. He spoke on the impact Web3 technology can have with decentralized finance. Probably nothing.
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Something is boiling in the 🍵.
Attention @Algorand projects,. We've just expanded our oracle price feeds with 5 new cross-chain tokens from @wormholecrypto:. ・ $wAVAX.・ $wBNB.・ $wSOL.・ $wMATIC.・ $wMPL. Integrate FFO & explore feeds at
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If this is Thanksgiving imagine what Santa is gonna bring this year.
New TVL ATH. What do you think the Folks TVL will be by the end of the year?
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Folks Fam is getting larger and stronger! Welcome @Maple_block .🚀🚀🚀🌝.
We're thrilled to welcome @Maple_block as a strategic investor in Folks Finance. 🤝. With an impressive web3 investment portfolio, Mapleblock is going to provide strategic investment support for the cross-chain expansion of @FolksFinance. Who is Mapleblock Capital? 🧵
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I have feeling we are going to break previous ATH! #LFG.
Here’s a friendly reminder that the registration window for @Algorand Governance Period 10 is closing on January 15th. Make sure you commit before that date!. The gALGO minting will be open until 16:59 CET, 10:59 EST. The xALGO minting will be open until 11:00 CET, 05:00 EST.
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My weekend in two lines, . X full of notifications, . My gf asking me how to buy SHIB because she thinks the dog is cute . Bull market is so back 🐂.
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Recently, my father asked me what the yield on Folks is, and I said 30% on Stablecoin. Now, he wants to learn how to open a real wallet.
According to @DefiLlama, Folks is currently the DeFi protocol with the highest APY on USDC in the lending ecosystem excluding Ethereum and small pools. APY on @Algorand: 〜32%.APY on xChain: 〜18%
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1/ We have huge appreciation for the @AlgoFoundation for all the support they’ve shown @FolksFinance from launch until now. I have enjoyed working alon @euadoon and @da_yang3 to make this happen. I believe this is a huge milestone for AF toward ecosystem support!.#LFG.
🧵1/7. Community Update: The Foundation has deployed 36MM $Algo to Algorand native Lending Markets, Options Vaults, and Algo / gAlgo liquidity via @FolksFinance, @AlgoRai_finance, and @pact_fi.
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About last night with @TheAlgonomist at the first @CryptoMondaysMi talking about @Algorand and #DeFi. @AlgoFoundation @CryptoOracleLLC @TmpGroup
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Folks is growing, and is just the beginning!.
We're delighted to welcome @danu_ventures as a strategic investor in Folks Finance. 🤝. With strategic investment support, this partnership seeks to accelerate growth for the upcoming Folks Finance's cross-chain expansion. Discover the details 🧵
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Bull cycle for a founder without the token launched yet, means waking up with 50 new DMs every day for listing, MMs, Launchpad, or scams.
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intern getting fired.
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18 hours running on @Algorand Testnet of @FolksFinance great feedbacks by the community.over $100k worth of deposited assets with almost 4000 depositors.over $15k value of borrowed assets. liquidations running smoothly
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