SakeFinance

Total Value Locked$8,971,761

Chain Breakdown
Soneium	$8.97m

Include in TVL (optional)
Borrowed	$325.66k

USD ETH

Information

Protocol Information

Sake Finance is an integrated liquidity protocol on Soneium. Sake is pioneering a new era of decentralized finance, where different modules work together seamlessly to provide the smoothest user experience

Category: Lending

Forked from:AAVE V3

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

UntitledBank ($4.36m)AAVE V3 ($20.85b)JustLend ($5.84b)Spark ($3.6b)Morpho Blue ($3.5b)Compound V3 ($2.21b)Kamino Lend ($2.15b)Venus Core Pool ($1.82b)Avalon Finance ($1.34b)Fluid Lending ($770.59m)