Ask about Palmy Finance
Logo of Palmy FinancePalmy Finance
Total Value Locked$12,532.8

TVL by Chain

Oasys$12,532.8

Key Metrics

Active Loans$221.09

Protocol Information

Palmy Finance is the first lending protocol backed by Oasys Network.

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Category:Lending

Audits:

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

Aave V3 ($17.426b)Morpho Blue ($9.71b)SparkLend ($4.786b)JustLend V1 ($3.703b)Maple ($2.89b)Compound V3 ($1.432b)Kamino Lend ($1.341b)Venus Core Pool ($1.25b)Jupiter Lend ($1.093b)Lista Lending ($845.67m)

Frequently Asked Questions

What is Palmy Finance's TVL?

Palmy Finance currently has $12,532.8 in total value locked. TVL has increased 0.8% over the past 30 days.

What chains does Palmy Finance operate on?

Palmy Finance operates on Oasys. Oasys holds the largest share at 100%.

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

Among Lending protocols tracked by DefiLlama, Palmy Finance ranks #320 by TVL. The category holds $50.552b across 523 protocols, and Palmy Finance accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Kamino Lend, Venus Core Pool, Jupiter Lend, and Lista Lending.

How much has been borrowed through Palmy Finance?

Palmy Finance currently has $221.09 in active loans.