Hello Folks,
As we prepare for the launch of Folks Markets, the next product evolution of Folks Finance, we are sharing the transition plan for xChain.
As part of this transition, xChain will be gradually deprecated following the timeline below. We encourage all users to repay their loans and withdraw their assets during this period.
After 31st March 2027, the website https://xapp.folks.finance/ will not be available so it’s strongly recommended to withdraw all funds before then. The smart contracts will remain live on the blockchain so withdrawals will still be possible after this date by interacting with the contracts directly. However, this requires significant technical expertise and is thus discouraged.
A snapshot of users’ Folks Points will be taken on October 8 to preserve a record of their contributions. Points accumulation on xChain will stop after the snapshot, while it will continue as usual in the Algorand app.
Below is the schedule of parameter changes. The plan runs from October 1, 2026 to February 11, 2027 to ensure a smooth transition for all users. Every change lowers the liquidation margin of open loans, so check yours before each one.
| Week | Date | What happens | Liquidation margin hits 0% if it is at X% before the weekly change |
|---|---|---|---|
| 0 | Oct 1, 2026 | Announcement | - |
| 1 | Oct 8 | New deposits paused | - |
| 2-3 | Oct 15-22 | No changes | - |
| 4-6 | Oct 29-Nov 12 | Borrow factors +3.09% each week | 3% |
| 7-14 | Nov 19-Jan 7 | Borrow factors +6.38% each week | 6% |
| 15 | Jan 14, 2027 | Borrow factors +17.64% | 15% |
| 16-17 | Jan 21-28 | Collateral factors -15% each week* | 15% |
| 18 | Feb 4 | Collateral factors -30%* | 30% |
| 19 | Feb 11 | Collateral factors to 0* | Every loan with debt |
You can find the detailed parameter changes for each asset in this sheet: xChain transition plan
Note: All changes are relative to the previous week’s value. They apply to every asset in every loan mode, except assets already deprecated and stAVAX, which keeps following the schedule already announced. Price changes and accrued interest also move your liquidation margin.
*These assets are not subject to CF reduction: USDT on Avalanche (General and Stable efficiency), AVAX (Avax Efficiency), ETH on Ethereum (ETH Efficiency), BTC.b on Avalanche (BTC Efficiency), POL (POL Efficiency), SEI (SEI Efficiency), wstLINK on Ethereum (Link Efficiency), shMON (MON Efficiency)
More details on Folks Markets will be shared in the coming weeks. Stay tuned 