Ask about OpenFi
Logo of OpenFiOpenFi
Total Value Locked$183.24

TVL by Chain

BSC$171.83

Pharos$11.42

Key Metrics

Active Loans$8.84

Protocol Information

OpenFi is a lending protocol bridging Real World Assets to DeFi, allowing users to supply and borrow RWA-backed and crypto assets.

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Category:Lending

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

Morpho Blue ($9.727b)Avalon Finance ($1.24m)Aave V3 ($17.572b)Venus Core Pool ($1.273b)Lista Lending ($866.42m)Euler V2 ($343.31m)TermMax ($30.47m)Native Credit Pool ($23.46m)Gearbox ($22.68m)BiFi ($13.15m)

Frequently Asked Questions

What is OpenFi's TVL?

OpenFi currently has $183.24 in total value locked. TVL has increased 3.5% over the past 30 days.

What chains does OpenFi operate on?

OpenFi operates on 2 chains: BSC and Pharos. BSC holds the largest share at 93.8%.

How does OpenFi's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, OpenFi ranks #429 by TVL. The category holds $50.931b across 523 protocols, and OpenFi accounts for <0.1% of that total. Other leading protocols include Morpho Blue, Avalon Finance, Aave V3, Venus Core Pool, Lista Lending, Euler V2, TermMax, Native Credit Pool, Gearbox, and BiFi.

How much has been borrowed through OpenFi?

OpenFi currently has $8.84 in active loans.