Palmy Finance

Total Value Locked$515,666

Chain Breakdown
Oasys	$515.67k

Include in TVL (optional)
Borrowed	$20.72k

USD ETH

Information

Protocol Information

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

Category: Lending

Forked from:AAVE V2

Audits

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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 ($16.78b)JustLend ($4.95b)Spark ($3.85b)Kamino Lend ($2.07b)Venus Core Pool ($1.9b)Compound V3 ($1.83b)Morpho Blue ($1.58b)AAVE V2 ($884.81m)Avalon Finance ($803.48m)Compound V2 ($689.06m)