From a FOLIO Announcement:
The FOLIO Open Source Community has issued its latest named release opening the way for many sites to adopt FOLIO. The Goldenrod Release signifies the [our emphasis] completion of Version One (V1) ILS functionality for the FOLIO Library Services Platform (LSP).
The open source project, which leverages expertise from libraries, developers and service providers, has built an open source LSP that is being implemented around the world. The Goldenrod Release includes core functionality that will allow libraries to move to FOLIO from their current, traditional Integrated Library System (ILS) or LSPs.
The next release will be the Honeysuckle Release in October.
Read the Complete Announcement
Direct to FOLIO Wiki