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InformationTVL

Florence Finance (FFM)

Total Value Locked$0

TVL by Chain

Ethereum$0

Arbitrum$0

Base$0

Key Metrics

Market Cap$149,496

$FFM Price$0.0007

All Time High$0.13

All Time Low$0.0005

Fully Diluted Valuation$722,976

$FFM Volume 24h$13.94

CEX Volume-

DEX Volume-(0% of total)

Borrowed$38,885

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

Audits:

WebsiteTwitter

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. View code on GitHub

Hacks

Date: Nov 30, 2023

Amount: $1.45m

Classification: Infrastructure

Technique: Address Poisoning

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Source

Competitors

cSigma Finance ($11.78m)USD AI ($30m)Goldfinch ($637,014)Tinlake ($61,305)ALTA FinanceHELIX Finance