Klap (KLAP)

Total Value Locked$133.26

Chain Breakdown
Kaia	$133.26

Include in TVL (optional)
Borrowed	$2.13m

USD ETH

Information

Protocol Information

KLAP (Klaytn Lending Application) is the leading money market on Klaytn.

Category: Lending

Forked from:AAVE V2

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Token Information

Address:klaytn:0...b5907b

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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)Shoebill V2 ($10.88m)BiFi ($7.18m)KlayBank ($2.89m)Mesher ($560.64k)AAVE V3 ($19.69b)JustLend ($5.96b)Spark ($4.1b)Morpho Blue ($2.89b)Compound V3 ($2.09b)