Logo of Algofi LendAlgofi Lend

Total Value Locked$722,590

TVL by Chain

Algorand$722,590

Key Metrics

Staked$4,581

Active Loans$403.10

Total Raised$2.8m

Nov 30, 2021$2.8mRound: SeedInvestors: Arrington XRP Capital, USV, Pillar VC, Y Combinator, Formulate Ventures, Shine VC

Protocol Information

Decentralized lending protocol and stablecoin built on Algorand

X/Twitter
Category:Lending

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Folks Finance Lending ($27.83m)DorkFi ($261,556)Ultraswap ($151,203)Aave V3 ($17.208b)Morpho Blue ($11.13b)SparkLend ($5.292b)JustLend V1 ($3.784b)Maple ($2.812b)Compound V3 ($1.438b)Kamino Lend ($1.329b)

Frequently Asked Questions

What is Algofi Lend's TVL?

Algofi Lend currently has $722,590 in total value locked. TVL has increased 5.5% over the past 30 days.

What chains does Algofi Lend operate on?

Algofi Lend operates on Algorand. Algorand holds the largest share at 100%.

How does Algofi Lend's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Algofi Lend ranks #143 by TVL. The category holds $52.719b across 520 protocols, and Algofi Lend accounts for <0.1% of that total. Other leading protocols include Folks Finance Lending, DorkFi, Ultraswap, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, and Kamino Lend.

How much has been borrowed through Algofi Lend?

Algofi Lend currently has $403.10 in active loans.