Detailed Notes on defillama tvl
Detailed Notes on defillama tvl
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just one excellent illustration of how you could potentially use this DN web site is for making a play around shorting a stablecoin that is certainly higher than peg. one particular these types of stablecoin is LUSD: in the event you aren’t acquainted, LUSD is an overcollateralized stablecoin backed by ETH within the Liquity platform (study our breakdown here).
On solitary blockchains, we see a similar picture with lending protocols normally main the board. This can be, partly, The key reason why crypto is this kind of unstable asset course. Volatile tokens get locked, minimizing the obtainable provide, and stablecoins are borrowed or minted to acquire extra risky property which get collateralized all over again to borrow more stablecoins, rinse and repeat. right up until anything breaks/intelligent dollars normally takes profit, significant liquidations manifest.
As we can easily see earlier mentioned, you'll find other strategies involving LUSD, which DefiLlama even points out briefly when hovering above the technique.
DefiLlama was designed to offer a solution by furnishing cross-chain information on the condition of Decentralized Finance and the popularity and liquidity of every protocol.
rapidly identify how much of an APY is compensated in incentives; DefiLlama even displays you the tokens they fork out in.
DeFiLlama will be the go-to platform to trace the whole value locked (TVL) on DeFi initiatives – A very powerful metric from the DeFi sector. It also offers many other metrics for instance marketplace cap and token prices, that are powered by CoinGecko APIs.
Saanvi is a cryptocurrency fanatic which has a passion for crafting about NFTs, Airdrops, and cryptocurrency guides.
Additional steps: DeFiLlama delivers hyperlinks on the protocol’s Twitter accounts. Look at these accounts for a discord server link and look for the two platforms for mentions of the airdrop.
A further excellent illustration would be double counting. By toggling that, we could see which on the protocols integrates extra into Some others and that's why is a lot more composable.
The dashboard displays you the whole price of liquidatable assets, which can be switched on the highest still left. Also exactly how much worth may be liquidated if the cost of an asset declines by 20%? The chart illustrates the price level that can initiate liquidations and the quantity to get liquidated.
The dashboard offers you info on just how much cash is staying lent or supplied, in comparison with the amount of is actually staying borrowed to be able to make a decision For anyone who is at ease Together with the utilization charge.
A personal wallet for public and private belongings which can handle private transactions of fungible and non-fungible crypto assets.
On this dashboard, we can discover the whole worth Locked (TVL) on distinct chains, a ranking from the protocols that operate on them, and multiple filters to achieve insights regarding their token source.
Speaking of stablecoins, check here the Stablecoin Pools dashboard is a great way to get in-depth knowledge on the liquidity and APY alternatives obtainable across crypto.
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