Add mALGO asset on Folks Finance as lending collateral

Supporting mALGO on Folks Finance as lending collateral should be a no-brainer for the community. mALGO can always be redeemed at a known rate for ALGO. Thus, there is no dependency on DEX liquidity.

If you support this idea, then please express your support. Let’s put this up for a community vote.


Imo we should wait for a finished audit (yes i know they don’t lead to a completely safe product but they enhance security at least a bit) since it’s a very new product


mALGO audit is now done. Time to add mALGO into platform?

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should wait what they have to say about the centralization risk but besides that it should be a great asset to support