Palmy Finance

Total Value Locked$490,534

Chain Breakdown
Oasys	$490.53k

Include in TVL (optional)
Borrowed	$28.78k

USD ETH

Information

Protocol Information

Palmy Finance is the first lending protocol backed by Oasys Network.

Category: Lending

Forked from:AAVE V2

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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

AAVE V3 ($19.65b)JustLend ($6.11b)Spark ($3.98b)Morpho Blue ($2.88b)Compound V3 ($2.08b)Kamino Lend ($1.77b)Venus Core Pool ($1.75b)Avalon Finance ($1.13b)Fluid Lending ($721.54m)AAVE V2 ($654.92m)