Fees

Transaction Fees

All of the transactions made on Folks Finance protocol cost about 0,001 ALGO due to Algorand network fees. Each operation is composed of a group of transactions. Below is a summary table with the total cost of each transaction, expressed in ALGO.

Operation	Amount	One time extra fee
Deposit	0.003
Withdraw	0.003
Add Escrow	0.004	0.4355
Borrow	0.006
Increase Borrow	0.005
Increase Collateral	0.001
Reduce Collateral	0.005
Repay	0.008
Lock & Earn	0.008 + 0.407
Immediate exchange (rewards aggregator)	0.003
Staking rewards (rewards aggregator)	0.5+0.003
gALGO mint	0.004 (0.005 if needs to opt-in gALGO)
gALGO unmint	0.003
gALGO burn	0.003
Early claim of governance rewards	0.003
Claim of governance rewards	0.002

Minimum Balance Requirement

It is required to keep an extra 0.1 ALGO in your wallet for each opted-in asset for the minimum balance requirement. If you no longer own the asset then you can opt-out later and you will be able to freely spend the 0.1 ALGO again.