wefi (WEFI)
Total Value Locked$225,228
| ||||||||
|
| Market Cap | $1.53m |
|---|---|
| $0.036 | |
| Fully Diluted Valuation | $3.64m |
| $14,349 | |
| Staked | $331,362 |
| (21.72% of mcap) | |
| $110,689 | |
Protocol Information
WEFI is a permissionless DeFi marketplace where users can deposit cryptocurrencies/tokens and earn interest. It also allows users to borrow from the lending pools and invest in crypto assets in a walled guarded manner.
Category:Lending
Forked from:Compound V2
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 getCash() on-chain method to get the amount of tokens locked in each of these addresses.