Folks Finance has announced the launch of the xChain testnet on Base, Avalanche, and Ethereum. Folks is built using Chainlink CCIP, Wormhole, and Circle CCTP. The main goal of the testnet is to comprehensively evaluate and validate Folks' cross-chain framework, which aims to provide lending capabilities for multiple blockchains. It is reported that Folks Finance aims to release the mainnet in early autumn 2024.