SubQuery Supports Folks Finance with Lightning-Fast Data Indexing

Today, we are excited to announce SubQuery’s partnership with Folks Finance, the innovative DeFi platform to lend, borrow, trade and manage digital assets all in one place.

SubQuery’s indexing support will empower developers building on Folks Finance to easily query their deployed smart contracts and reward them for their contributions. This partnership is a crucial milestone for SubQuery and Folks Finance, advancing the growth and adoption of Web3 technologies within the Algorand ecosystem.

Developers building Folks Finance applications can now take advantage of SubQuery's versatile, high-speed, open, and decentralised data indexing solution, providing blockchain developers with essential tools for efficiently managing and querying on-chain data for protocols and applications.

SubQuery simplifies the intricacies of backend operations, providing developers with a tailor-made API. This enables them to focus on product development and enhancing user experiences, without the need to allocate resources towards constructing their indexing solutions.

“We are pleased to announce our collaboration with Folks Finance, a dynamic and ambitious project within the DeFi space. Through the integration of our robust data indexer with Folks Finance, developers now have access to SubQuery's fast, flexible, and open indexing solution, empowering them to scale their operations efficiently.”

— Sam Zou, Founder and CEO of SubQuery

We’re always striving to provide developers with the most comprehensive and efficient indexing experience possible, including the open-source SDK, tools, documentation, and developer support that the SubQuery ecosystem provides.. Folks Finance has recently launched its own in-house DEX Aggregator, Folks Router, that enables native swaps on the platform with highest speed and efficiency. SubQuery's indexing allowed FolksRouter's smart contract data to be filtered and saved in order to create and make available its metrics, viewable at https://folksrouter.io/metrics/

Furthermore, with the upcoming launch of the SubQuery Network, we are poised to provide Folks Finance developers with yet another decentralised indexing solution.

“Having SubQuery on our platform allows us to provide faster and more efficient data access to builders. We look forward to continuously providing prime developer experience to drive greater innovation and adoption of the Folks Finance ecosystem, with SubQuery as an integral part of our community.”

— Stefano Faieta, the Head of Frontend, Folks Finance

Why Use SubQuery?

SubQuery makes it easy to build a custom API for your dApp or smart contracts in minutes, providing clean indexed data to any service. The excellent SubQuery developer experience is flexible, with the ability to make external API calls or import external libraries from within your mapping functions, and better controls to run your projects in your own infrastructure with automated DOS (denial of service) mitigation controls. Additionally, we have no plans to sunset our managed service.

SubQuery is designed to be fast, this adds up when you’re indexing millions of ledgers, and is something to consider when choosing your indexer. SubQuery achieves this by using mulit-threading and optimisation of the store to reduce costly database writes. With faster sync times, developers can iterate faster and deliver features to market quicker.

SubQuery’s Support for Folks Finance

Advanced Indexing of blocks, transactions, and logs
Full support for Folks Finance in our free enterprise level managed service
Discord community (including technical support)

About Folks Finance

Folks Finance is the leading DeFi protocol in Algorand offering a full set of innovative tools to lend, borrow, trade, and manage digital assets. Folks Finance streamlines the DeFi experience with a UI and UX competitive to centralized exchanges, all while running on permissionless smart contract technology.

About SubQuery

SubQuery is a leading blockchain data indexer that provides developers with fast, flexible, universal, and decentralised APIs for web3 projects. We empower developers from over 110+ ecosystems including Ethereum, Polygon, Polkadot, Cosmos, Algorand, NEAR, Avalanche, Stellar and ZKSync with rich indexed data to allow them to build intuitive and immersive decentralised applications. This blockchain developer toolkit enables developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the near future, the SubQuery Network will replicate this scalable and reliable solution in a completely decentralised manner.