2025-12-30 09:26:35

Cross-chain DeFi is making new moves. Folks Finance announced that in the first half of 2026, they will launch the xChain V2 upgrade, directly injecting $10 million in @FOLKS@ tokens as incentive funds. What is the core of this upgrade? It supports both EVM chains and non-EVM ecosystems, building a unified cross-chain liquidity pool and strategy vaults. Sounds ambitious—aiming to push the total value locked (TVL) to the billion-dollar range.

Even more interesting is the new debit card lending feature. Simply put, it allows you to turn your on-chain collateral assets directly into spending power, usable in offline scenarios. This move bridges the gap between on-chain and off-chain, enabling DeFi to truly integrate into everyday life, rather than remaining just a topic within the crypto community. After the announcement, many institutions expressed their support.

Honestly, whether this combination can really be implemented is the key. Can the rewards from participating in such incentive activities outperform the risks? Can DeFi truly establish itself in everyday consumer spending? These are questions everyone should consider.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

LightningLady

· 6h ago

10 million USD in incentives? Sounds tempting, but can this cross-chain solution really withstand real-world risks? Debit card functionality sounds like the ultimate solution, but how many can actually use it? It's all about drawing a perfect circle on the map, but real implementation is the true skill. Let's see in 2026. DeFi's approach to integrating offline consumption still needs a few more years of polishing. Achieving a TVL of 1 billion, not sure how confident they are, but I'll just observe for now. Participation in such incentive activities is driven by gambler's mentality. Beating the risks? Heh.

View OriginalReply0

CryptoMotivator

· 6h ago

10 million incentives poured in, this time Folks really wants to make a move 2 I like the debit card move, finally someone remembers ordinary people 3 One billion TVL... easy to say, truly running on-chain and off-chain is the real skill 4 Another mid-year launch? I've seen this routine many times, and it will probably shrink by 50% again 5 I’m quite optimistic about on-chain asset consumption, just worried about counterparty risk causing a dump 6 Basically, it’s about whether you can seize that early-stage opportunity; latecomers are mostly just taking over the leftovers 7 Supporting both EVM and non-EVM? Sounds ambitious, but the technical difficulty is no joke 8 DeFi entering daily life? I don’t want to deceive myself, it’s still a niche thing 9 These incentive activities with returns beating the risk? I don’t believe it, even the most beautiful stories have to be discounted 10 Debit card lending sounds awesome, but poor risk management could lead to a major failure

View OriginalReply0

HashRateHustler

· 6h ago

10 million incentives sound impressive, but implementation is the key. Don't become just a PPT coin again. The debit card feature is indeed innovative, but can off-chain consumption layer security really be guaranteed? Claiming TVL reaching 1 billion is a bit of an overstatement; it depends on the actual user base. It's another cross-chain universal theory. Why does it seem like every project claims to be the ultimate solution? By 2026, there won't be many projects still alive. Investing now with confidence or just fearing a lack of hype?

View OriginalReply0

ChainSauceMaster

· 6h ago

10 million USD incentives sound crazy, but implementation is the key; don't become just another PPT project. The debit card sector indeed has potential, but using on-chain assets offline will have to wait for regulatory approval. With a goal of 1 billion TVL, when will it truly become popular among my grandma's generation? Cross-chain is definitely the main direction, but I'm worried it might just be another new trick to cut leeks. Why trust that this time won't run away? The historical experience is right here. DeFi + consumer scenarios sound great, but how risky are you willing to gamble? 10 million is just the beginning; to truly change the world, you need ten times that amount. If debit card lending can really be used, I’d like to try it—provided it doesn’t blow up. Honestly, it's still those institutions hyping it; let's see after they've finished harvesting.

View OriginalReply0