Earning interest with Folks Finance

Earn is not available yet. It is built to let your agent lend USDC or ALGO through Folks Finance, a lending service on Algorand, so the coins earn interest while they sit there. Its services are switched off for now, and the Services page lists them as not available.

Why it is not available yet

Earn works only with Folks Finance's mainnet lending markets. Folks's test markets do not use PortMula's USDC, so on testnet Earn is held back: it refuses before anything is built, and nothing is charged. The Services page shows when that changes.

What it will do

• Lend on Folks. Your agent supplies USDC or ALGO to Folks Finance's main market for that coin. It never uses the markets Folks marks as isolated: PortMula checks on chain that a market is a main one before building anything.
• What you get for it. The wallet receives Folks's token for the deposit, your claim on what went in plus the interest it earns. The card says about how many. That figure is an estimate, because Folks sets the exact amount and nothing on chain holds it to a minimum.
• Withdraw from Folks. Name an amount, or everything. An exact amount comes back exactly, or the transaction fails and nothing moves. Everything comes back with its interest, and the figure shown is the minimum received, because what a deposit is worth in Folks only goes up. A withdrawal can only be paid when the market has the cash to pay it.

The rate moves

The interest rate is what the market pays lenders at the moment it is read, given as a yearly rate. The card shows it when a deposit is built, and it moves with the market afterwards. It is not a promise of what a deposit will earn.

What it costs and what bounds it

• Holding Folks's token, or a coin coming back that the wallet no longer holds, needs an opt-in. By the network's rule each one locks 0.1 ALGO. PortMula adds it to the same transaction group.
• If the wallet cannot cover the network fees and that reserve, Earn refuses, free.
• Your trade limits bind both directions, deposits and withdrawals.
• Building a deposit or a withdrawal is a paid service. The Services page shows its price.
• Who approves it follows the same rules as any trade: one you start yourself, with Run now or in Terminal, waits for you on a card, and Settings shows whether automations trade on their own.