Folks Finance Launches on Monad Mainnet with $35K Incentive Program
Folks Finance, the cross-chain lending protocol backed by Coinbase Ventures, Jump, ParaFi and Borderless Capital, has launched on the Monad mainnet. By integrating Wormhole’s native token transfer (NTT) framework, Folks Finance extends its FOLKS token across Monad and all supported EVM and non-EVM chains without wrapping or liquidity fragmentation. From November 25, the protocol will run a one-month incentive program, allocating 5,000 FOLKS (approx. $35,000) to reward new users. At launch, Folks Finance supports core assets and native Monad liquidity staking tokens (LSTs), offering diverse strategies and yield opportunities. This rollout strengthens cross-chain liquidity and aligns with the protocol’s mission to deliver unified DeFi lending solutions.
Bullish
The launch of Folks Finance on the Monad mainnet and its $35K incentive program is bullish for both the protocol and Monad ecosystem. Similar to past DeFi expansions—such as Aave’s deployment on Polygon—this move is likely to boost on-chain activity, attract new users, and increase demand for the FOLKS token. Short term, traders can expect heightened trading volumes and yield farming opportunities as liquidity pools grow. Long term, seamless cross-chain transfers via Wormhole NTT and support for LSTs will strengthen capital efficiency, improve user retention, and cement Folks Finance’s role in unified DeFi lending, further supporting token value appreciation.