Ask about Qubit
Logo of QubitQubit(QBT)
Total Value Locked$17,474.33

TVL by Chain

BSC$13,747.45

Kaia$3,726.88

Protocol Information

Lend to Ascend, Borrow for Tomorrow. Revolutionary Lending Platform

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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

Hacks

Date: Jan 28, 2022

Amount: $80m

Classification: Input Validation

Technique: Missing Input Validation

Chains: BSC

Bridge Hack

Language: Solidity

Target Type: DeFi Protocol

Competitors

Morpho Blue ($9.731b)BiFi ($12.99m)Avalon Finance ($1.24m)Aave V3 ($17.601b)Venus Core Pool ($1.275b)Lista Lending ($866.73m)Euler V2 ($343.62m)TermMax ($30.48m)Native Credit Pool ($23.47m)Gearbox ($22.72m)

Frequently Asked Questions

What is Qubit's TVL?

Qubit currently has $17,474.33 in total value locked. TVL has increased 19.1% over the past 30 days.

What chains does Qubit operate on?

Qubit operates on 2 chains: Kaia and BSC. BSC holds the largest share at 78.7%.

How does Qubit's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Qubit ranks #307 by TVL. The category holds $51.006b across 523 protocols, and Qubit accounts for <0.1% of that total. Other leading protocols include Morpho Blue, BiFi, Avalon Finance, Aave V3, Venus Core Pool, Lista Lending, Euler V2, TermMax, Native Credit Pool, and Gearbox.

Has Qubit ever been exploited?

Qubit has 1 recorded security incident. The most recent incident occurred on Jan 28, 2022 and involved $80m. It was classified as Input Validation.