Starlay Finance (LAY)

Total Value Locked$941,010

Chain Breakdown
Astar	$941.01k
Acala	$1.85

Include in TVL (optional)
Borrowed	$27.41m
Staking	$0

USD ASTR

Information

Protocol Information

Starlay Finance is the first lending protocol backed by Astar Network.

Category: Lending

Forked from:AAVE V2

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Token Information

Address:astar:0x...8f6e70

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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

SiO2 Finance ($4.44m)AAVE V3 ($19.69b)JustLend ($5.97b)Spark ($4.11b)Morpho Blue ($2.89b)Compound V3 ($2.09b)Kamino Lend ($1.8b)Venus Core Pool ($1.78b)Avalon Finance ($1.14b)Fluid Lending ($706.45m)