Greetings,
Recently PaperMC has added a new fork of Paper which is currently only available to those who compile it.
There is a fork at https://github.com/SirBlobman/Vault-Folia that already supports Folia but it would be nice if it was officially supported.
Read more about Folia here: https://papermc.io/software/folia
Thank you,
GoodrichDev