Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.

InformationTVLBorrowed

Union Protocol (UNION)

Total Value Locked$335,606

TVL by Chain

OP Mainnet$129,252

Ethereum$70,423

borrowed$64,993

Base$49,530

Arbitrum$21,408

Key Metrics

$UNION Price$0.012

Borrowed$64,993

Protocol Information

A decentralized protocol for permissionless credit.

Category:Uncollateralized 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

Competitors

Clearpool Lending ($846,044)TrueFi ($25,907)Wildcat Protocol ($10.19m)Ribbon Lend ($53,044)dAMM Finance ($26,493)