Benedetto Biondii is the CEO of Folk Finance, a lending protocol built on the Algorand blockchain that offers efficient governance-focused finance. Folks Finance aims to provide low-cost transactions, making it profitable for anyone, even those with only a few dollars of investment, to use the protocol. Developed by a software house in Milan, which is a global partner of Algorand, Folk Finance is designed to be different from other lending protocols found on Ethereum. The incentive system is built on a cash-back model for loans, making it more sensible and cost-effective for users.