InformationTVL

L2FINANCE

Total Value Locked$496.54

TVL by Chain

Arbitrum$496.54

Key Metrics

Borrowed$6.06

Protocol Information

L2FINANCE is a one-stop service platform for financial derivatives markets based on Layer2 technology.

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

AAVE V3 ($33.123b)Morpho Blue ($5.822b)Compound V3 ($2.386b)Venus Core Pool ($1.901b)Fluid Lending ($1.265b)Euler V2 ($1.09b)Silo V2 ($234.08m)Gearbox ($217.84m)Dolomite ($177.51m)Curve LlamaLend ($128.31m)