InformationTVLBorrowed

Vires Finance (VIRES)

Total Value Locked$22.4m

TVL by Chain

borrowed$14.68m

Waves$7.72m

Key Metrics

$VIRES Price$0.16

Borrowed$14.68m

Protocol Information

Vires.finance is is a decentralized non-custodial liquidity protocol based on Waves Blockchain, where users, wallets and dapps can participate as depositors or borrowers.

Category:Lending

Audits:

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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

Puzzle Lend ($644,831)