MonoLend (MLD)

Total Value Locked$6,897

Chain Breakdown
Polygon	$6.9k

Include in TVL (optional)
Borrowed	$223.09

USD MATIC

Information

Protocol Information

MonoLend is the lending market platform on Polygon, home of $MLD token: deposit collateral and farm WBTC WETH and stables

Category: Lending

Forked from:AAVE V2

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Token Information

Address:0x5D0893...d64A86

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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

AAVE V3 ($17.44b)Compound V3 ($1.89b)AAVE V2 ($916.53m)Impermax Finance ($19.09m)Tarot ($11.17m)JustLend ($5b)Spark ($4.07b)Kamino Lend ($2.08b)Venus Core Pool ($1.95b)Morpho Blue ($1.62b)