InformationTVLBorrowed

Friendly Market

Total Value Locked$168,923

TVL by Chain

Nibiru$168,694

borrowed$229.2

Key Metrics

Borrowed$229.2

Protocol Information

Friendly Market is a decentralized lending protocol offering native markets on Nibiru Chain alongside cross-chain markets, enabling seamless borrowing and lending of assets across multiple blockchains with unified liquidity and efficient capital utilization

Category:Lending

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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 is calculated by getting the market addresses from comptroller and calling the totalsCollaterals() on-chain method to get the amount of tokens locked in each of these addresses, then we get the price of each token from coingecko.View code on GitHub

Competitors

LayerBank ($8.16m)Nebula Lending ($633.7)