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Stake on Folks Finance

MAGALGO

hi, can you explain to me? I’m very worried now, because I don’t know where my Algo (2055) is or I lost it forever.
on 18/1/2025 I went to Stake (up to 4x), now I don’t know how to get my Algo back
Transaction ID: AZNCIM6LW7WAWC3N5V5G2QRGC7UIQ46UU5OK4HDRZCK7LODRPD6A

Maugli

Press “Repay” button, to repay your borrows first.

Maugli

It is strange that Folks Finance dindn’t answer (yet). I saw your message on Discord, it was written 1 hour ago.

You should also give them the Tx ID, so they can investigate.

Be calm, you will (probably) get back (the majority of) your Algo.
You know, you got a loan, and it probably has APY, also flash loan issuance costs.
Yesterday Algo price dropped 10%, so maybe the collateral was not enough – I don’t know, they should explain it to you.

Maugli
↩ in reply to MAGALGO

On the Folks Finance Discord channel there are a lot of scammers, masquarading as “Support Tticket”. I hope you didn’t give them any information about your account, especially your 25 word mnemonic!

Ramrodboy

First defi lesson: If you have no idea what you are doing, just don’t do it guys.