FOLKS by folks finance goes natively Multichain with Wormhole NTT

Folks Finance has integrated Wormhole's NTT (Native Token Transfers) to launch FOLKS as a natively multichain token on Avalanche, Arbitrum, Base, BNB Chain, Ethereum, Polygon, and Sei. This expansion enables the protocol's governance token to function as a unified asset across all supported chains, supporting Folks Finance's vision of seamless cross-chain DeFi while eliminating liquidity fragmentation.

What is folks finance?

Folks Finance is a community-driven decentralized platform providing permissionless DeFi tools across multiple networks. With over $137 million in total value locked, the protocol offers lending, borrowing, staking, and trading through a hub-and-spoke architecture designed for efficient cross-chain liquidity management across multiple blockchains.

What is NTT?

Wormhole’s NTT (Native Token Transfers) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties. NTT is already powering natively multichain tokens for leading projects such as Sky, Lido, WalletConnect, RedStone, and Wormhole's W token, demonstrating its industry-wide impact and reliability.

Why NTT?

By leveraging Wormhole's NTT standard, Folks Finance ensures that FOLKS exists as a single, native asset across all seven supported chains, preventing the risks and user friction associated with wrapped tokens. With NTT, Folks Finance maintains full control over FOLKS' behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability as the protocol continues expanding its multichain DeFi infrastructure.

Take your token Multichain with NTT

NTT is already being used by some of crypto’s most systemically important assets, like Lido’s wstETH and Sky’s (formerly Maker) USDS, to unify users and liquidity.

Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.

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About Wormhole

Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 40 of the leading blockchain networks, enabling use cases that span DeFi, governance, and more.

The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 65 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on X, join the Discord, and subscribe to the newsletter.