Polygon Funds Folks Finance to Boost Cross-Chain Lending

Polygon Funds Folks Finance to Boost Cross-Chain Lending

Polygon has awarded a $300,000 grant to Folks Finance, a decentralized lending protocol, to enhance cross-chain lending capabilities on its Proof-of-Stake (PoS) network. This strategic funding move aims to address the persistent issue of liquidity fragmentation in decentralized finance (DeFi), enabling more seamless borrowing and lending across different blockchain networks. Distributed in three tranches, the grant comes at a pivotal time. Wi...

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