Capyfi

Total Value Locked$1.4m
Chain Breakdown
LaChain Network$1.4m
Include in TVL (optional)
$2.98m
$2.98m
USDLAC

Protocol Information

Capify is an algorithmic decentralized finance protocol built on the LAchain network that allows users to lend and borrow cryptocurrency assets. Suppliers provide liquidity to the market to earn interest, while borrowers are able to borrow liquidity in an over-collateralized fashion. Capyfi's protocol design and architecture references Compound v2, a proven and audited protocol

Category:Lending

Forked from:Compound V2

Audits:No
Website

Methodology

TVL: 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

Competitors

AAVE V3($17.792b)JustLend($3.732b)Morpho Blue($2.581b)SparkLend($2.012b)Kamino Lend($1.751b)Compound V3($1.734b)Venus Core Pool($1.597b)Fluid Lending($761.5m)Avalon Finance($670.38m)Euler V2($656.16m)