Lenen (LEN)

Total Value Locked$518,096

Chain Breakdown
Vision	$518.1k

Include in TVL (optional)
Borrowed	$455.18k

USD VS

Information

Protocol Information

A Decentralized Lending Platform. Supply, Borrow & Earn Anytime.

Category: Lending

Forked from:Compound V3

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Token Information

Address:VFt1Yjfx...WSLHw

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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.. TVL is calculated by getting the market addresses from comptroller and calling the totalsCollaterals() on-chain method to get the amount of tokens locked in each of these addresses, then we get the price of each token from coingecko.

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Competitors

AAVE V3 ($16.72b)JustLend ($4.93b)Spark ($3.83b)Kamino Lend ($2.04b)Venus Core Pool ($1.9b)Compound V3 ($1.83b)Morpho Blue ($1.57b)AAVE V2 ($882.04m)Avalon Finance ($835.56m)Compound V2 ($688.49m)