Colend Protocol

Total Value Locked$235.35m

Chain Breakdown
CORE	$235.35m

Include in TVL (optional)
Borrowed	$26.55m

USD ETH

Information

Protocol Information

Colend is a decentralized protocol that enables individuals to lend and borrow directly on the Core blockchain. It aims to advance the concept of Bitcoin-Fi.

Category: Lending

Forked from:AAVE V3

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Token Information

Methodology

Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.

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Competitors

Avalon Finance ($1.14b)Segment Finance ($6.53m)Aquarius Loan ($182.9k)Bitlen Finance ($1.01k)Dorian ($66.33)AAVE V3 ($20.12b)JustLend ($6.18b)Spark ($4.18b)Morpho Blue ($2.87b)Compound V3 ($2.12b)