What is Folks Finance Staked xALGO (XALGO)?
Folks Finance's xALGO is the leading liquid staking token on the Algorand blockchain. It represents staked ALGO and enables users to earn Algorand Consensus Rewards while staying liquid within the DeFi ecosystem. When users stake ALGO through Folks Finance, they receive xALGO tokens, which appreciate in value as rewards accumulate. These tokens can be traded, used as collateral, or borrowed against in DeFi, providing flexibility and ongoing yield generation. As xALGO collects rewards, its value increases compared to ALGO, and it can be redeemed for ALGO at any time.
Where can you buy Folks Finance Staked xALGO?
Folks Finance Staked xALGO (XALGO) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for XALGO sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for XALGO. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.