Nyke Finance
Total Value Locked$11.24
.csv| EthereumClassic | $11.24 |
|---|
| Include in TVL (optional) | |
|---|---|
| $414.81 |
Information
Protocol Information
Nyke Finance is a decentralized, non-custodial, algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Nyke's protocol design and architecture references Compound, a proven and audited protocol.
Category: Lending
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.