InformationTVLBorrowed

PhoLend

Total Value Locked$189.34

TVL by Chain

CrossFi$185.31

borrowed$4.03

Key Metrics

Borrowed$4.03

Protocol Information

PhoLend is a decentralized lending platform that provides an environment for lenders and borrowers. Its open-source design supports community-driven improvements, fostering innovation and collaboration in DeFi

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.View code on GitHub