Ask about Magma Finance
Logo of Magma FinanceMagma Finance
Total Value Locked$87,730.91

TVL by Chain

IoTeX$87,730.91

Protocol Information

A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.

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Category:CDP

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

xDollar ($183,289.4)Sky Lending ($5.466b)USDD ($1.264b)Lista CDP ($226.27m)Liquity V1 ($181.56m)crvUSD ($151.05m)Liquity V2 ($96.93m)Frankencoin ($82.39m)Reservoir Protocol ($73.41m)Felix CDP ($31.49m)

Frequently Asked Questions

What is Magma Finance's TVL?

Magma Finance currently has $87,730.91 in total value locked. TVL has increased 26.3% over the past 30 days.

What chains does Magma Finance operate on?

Magma Finance operates on IoTeX. IoTeX holds the largest share at 100%.

How does Magma Finance's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Magma Finance ranks #94 by TVL. The category holds $7.808b across 203 protocols, and Magma Finance accounts for <0.1% of that total. Other leading protocols include xDollar, Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Frankencoin, Reservoir Protocol, and Felix CDP.