Community treasury

Folks Finance believes that transparency is a key pillar, so we've given the users the ability to always keep track of the protocol revenue. On the Community treasury page, users can look at the total reserve and how it is distributed within the treasury.

Where the revenue comes from?

Folks Finance revenue comes from three different sources:

• Liquidation
• ALGO Liquid Governance fees
• Borrow interest repayment

How Folks Finance uses it

Folks Finance uses the "Total Reserve" as a treasury in order to protect users' funds from potential hacks.

Addresses

COMMUNITY_TREASURY_ADDRESS = XQEOICBG6FMMBBWTBOWCMVJX5IQEDUSBF6L4MTSIALWRWODSOV2THX6GTU

COMMUNITY_LIQUIDATOR_ADDRESS = EKHIMQJGZABULP552FKGYHDNMTQGIM3QWB6CKHTW6M2TQFKV427UARQBBM

Users will see a difference between what is shown on the "Community treasury" page and the real community liquidator balance. This is due to initial liquidity provided using the team's funds at the launch to bootstrap the liquidator