- Folks Finance launches cross-chain lending with Chainlink’s CCIP.
- Users can deposit on one chain and borrow on another via a unified account.
- The protocol becomes one of the top transaction senders on Chainlink CCIP.
Folks Finance has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to launch a new cross-chain lending product. The integration aims to eliminate fragmented DeFi liquidity and improve user experience across networks. The protocol is now live on Avalanche, Ethereum, Base, and BNB Chain, with plans to expand to Arbitrum.
How Folks Finance Tackles DeFi Fragmentation
DeFi users have often faced hurdles moving assets between isolated blockchains with scattered liquidity and clunky interfaces. Folks Finance addresses this directly with its new Chainlink CCIP integration, allowing deposits on one chain and borrowing on another via a single unified account – eliminating complex manual bridging and multiple wallet juggling.
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Folks Finance CEO Bernardo Biondi confirmed the launch of the cross-chain lending feature. “We recently launched our cross-chain lending protocol, which uses a hub-and-spoke model powered by CCIP.”
Biondi added that Avalanche serves as their hub chain. They are live on Base, Ethereum, and BNB, with Arbitrum coming soon.
Strong Early Traction via Chainlink Ecosystem
Chainlink, a decentralized oracle network, announced the collaboration by emphasizing the importance of connected liquidity. “Connected liquidity is the key to scalable DeFi,” Chainlink stated in a post on X.
Folks Finance has quickly emerged as one of the top transaction senders on Chainlink CCIP, signaling strong adoption and real-world use of the interoperability protocol. This growth reflects user demand for cross-chain capabilities and the reliability of Chainlink’s infrastructure.
Folks Finance also benefits from participating in Chainlink’s BUILD program, supporting its growth momentum. This offers projects enhanced technical/marketing resources for building within the Chainlink ecosystem.
Related: Chainlink Cross-Chain Interoperability Protocol Goes Live on L2 Base
“The BUILD program has played a key role in our growth,” Folks Finance noted earlier. The partnership gives the project access to Chainlink’s tools, expertise, and a wide network of builders, institutions, and investors.
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