Folks Finance Launches Hub-and-Spoke Model on Avalanche
Folks Finance Launches Hub-and-Spoke Model on Avalanche
馃殏 Avalanche's new spoke
Folks Finance has introduced a hub-and-spoke model on Avalanche, now live on mainnet. Key features include:
- Avalanche serves as the Hub Chain
- Manages a unified USDC pool
- Accessible by all spoke chains
- Users can deposit and borrow across Avalanche and connected networks
- Single account functionality
An upcoming AMA will provide more details about Folks Finance and Avalanche's role as the Hub chain.
Learn more about this innovative cross-chain lending solution in the scheduled AMA.
Next stop, Avalanche 馃殕 @FolksFinance uses a hub-and-spoke model, with Avalanche as the Hub Chain, managing a unified USDC pool accessible by all spoke chains. Now live on mainnet, users can deposit and borrow across Avalanche and connected networks from a single account.
Folks Finance now supports @AVAX and USDC on mainnet. 馃敽 Native crosschain lending secured by @Chainlink CCIP. 馃敆 xapp.folks.finance Smart folks use Folks.
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