Active loans are not included in TVL by default, to include them toggle Active Loans. For more info on this click here.
Key Metrics
Fees (Annualized)$32,953.36
Fees 30d$3,296
Ethereum$3,296
Fees 7d$0
Ethereum$0
Fees 24h$0
Ethereum$0
Cumulative Fees$10,202
Ethereum$10,202
Revenue (Annualized)$29,765.27
Revenue 30d$3,296
Ethereum$3,296
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$9,215
Ethereum$9,215
Total Raised$4.75m
Nov 6, 2025$750,000Round: Angel RoundInvestors: Curved Ventures, Steakhouse Financial, Daedalus
Apr 23, 2026$4mRound: SeedInvestors: Maven 11, F-Prime Capital, GSR, Metalayer Ventures, Susquehanna, Gate Ventures, Pivot Global, Komorebi Collective, serotonin
Protocol Information
3F is a vault protocol built on Morpho that gives you leveraged exposure to tokenized RWAs.
Methodology
TVL: Value of assets locked inside all wrapper tokens.View code on GitHubFees: 3F charges two fees on its leveraged RWA positions. The performance fee is taken on the return of the leveraged collateral, after subtracting the cost of the borrowed debt. The management fee is taken on the full value of the RWA collateral, including the leveraged portion, rather than only the user's deposited capital. Fees are accrued and collected when positions are updated, so a single day can include fees that built up over the preceding days or weeks.View code on GitHubRevenue: Both the management and performance fees are paid to the protocol, so revenue equals the total fees collected.View code on GitHubCompetitors
Frequently Asked Questions
What is 3F?
3F is a vault protocol built on Morpho that gives you leveraged exposure to tokenized RWAs.
What is 3F's TVL?
3F currently has $29.17m in total value locked. TVL has increased 70.1% over the past 30 days.
How much has 3F generated in fees and revenue?
Over the past 30 days, 3F generated $3,296 in fees. Of that, $3,296 was protocol revenue. Based on the trailing year, the annualized rate is $32,953.36 in fees and $29,765.27 in revenue.
How does 3F's TVL compare to similar protocols?
Among RWA Lending protocols tracked by DefiLlama, 3F ranks #5 by TVL. The category holds $982.04m across 26 protocols, and 3F accounts for 3% of that total. Other leading protocols include Aave Horizon RWA, Pareto Credit, cSigma Finance, Credit Coop, Goldfinch, Travessia Credit, Tinlake, EthicHub, Florence Finance, and HELIX Finance.
