Vires Finance (VIRES)

Total Value Locked$5,629,246

Chain Breakdown
Waves	$5.63m

Include in TVL (optional)
Borrowed	$14.79m

USD WAVES

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Information

Protocol Information

Vires.finance is is a decentralized non-custodial liquidity protocol based on Waves Blockchain, where users, wallets and dapps can participate as depositors or borrowers.

Category: Lending

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Token Information

Address:waves:DS...uPr2M9

View on CoinGecko View on Waves Explorer

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

Puzzle Lend ($456.57k)AAVE V3 ($10.7b)JustLend ($6.01b)Spark ($2.35b)Venus Core Pool ($1.63b)Compound V3 ($1.4b)Kamino Lend ($1.31b)AAVE V2 ($1.08b)Morpho Blue ($964.7m)LayerBank ($694.12m)