Logo of Phiat ProtocolPhiat Protocol(PHIAT)
Total Value Locked$931,001.26

TVL by Chain

PulseChain$931,001.26

Key Metrics

Staked$467,431.87

Active Loans$1.68m

Protocol Information

An Aave v2 fork on PulseChain with noval design of risk control and governance token staking

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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

BetterLend ($6.45)BetterBank ($0.44)Nexion LendingAave V3 ($17.521b)Morpho Blue ($9.719b)SparkLend ($4.838b)JustLend V1 ($3.72b)Maple ($2.881b)Compound V3 ($1.444b)Kamino Lend ($1.347b)

Frequently Asked Questions

What is Phiat Protocol's TVL?

Phiat Protocol currently has $931,001.26 in total value locked. TVL has decreased 57.5% over the past 30 days.

What chains does Phiat Protocol operate on?

Phiat Protocol operates on PulseChain. PulseChain holds the largest share at 100%.

How does Phiat Protocol's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Phiat Protocol ranks #140 by TVL. The category holds $50.835b across 523 protocols, and Phiat Protocol accounts for <0.1% of that total. Other leading protocols include BetterLend, BetterBank, Nexion Lending, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, and Kamino Lend.

How much has been borrowed through Phiat Protocol?

Phiat Protocol currently has $1.68m in active loans.