Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.
Florence Finance (FFM)
Total Value Locked$0
| ||||||
|
| Market Cap | $109,004 |
|---|---|
| $0.0005 | |
| Fully Diluted Valuation | $527,154 |
| $105.41 | |
| $39,160 | |
| $101,490 |
Protocol Information
Florence is a DeFi platform that allows users to seamlessly integrate real-world (SME) yield into their cryptocurrency portfolio in the most transparent and sustainable way. By tokenizing real-world assets and collateral, Florence enables their composability within DeFi.
Category:RWA Lending
Methodology
TVL: The Florin token (FLR) is minted whenever a new loan is funded and burned when a loan matures and is repaid. Since the Florin token is 1:1 redeemable for EUR the borrowed amount is denominated in the protocols treasuries EUR stablecoin of the respective chain. Consequently the total supply of Florin equals the amount borrowed through the protocol. To avoid double counting, the amount of FLR held in the bridge contract is subtracted from the total supply.
Hacks
Date:11/30/2023 (17 months ago)
Amount:$1.45m
Classification:Infrastructure
Technique:Address Poisoning
Chain:Ethereum
Returned Funds:$0
Source