Hi!
I pinned my favorites folders to my homescreen. I created my own covers with the names of folder, because I don’t like to have the default icon for all the favorites. Therefore I don’t need the name below the favorite on the homescreen.
However the workaround to rename all the favorites with a space „ „ is not a good solution, as the also appear without a name in the settings.
A simple option to hide the name just on the homescreen would solve this problem.

