Ask about BackedFi
Logo of BackedFiBackedFi
Total Value Locked$4.22m

TVL by Chain

Ethereum$3.64m

Gnosis$525,028

Base$40,584

Avalanche$12,346

Polygon$3,136

Arbitrum$1,023

BSC$0

Fantom$0

Protocol Information

Fully backed, tokenized real-world assets.

Category:RWA

Sub Category: Treasury Bills, Other Fixed Income, Stocks & ETFs

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Up to 0.50% of your investment's value is charged when entering and exiting the investment (0 fees as of now)View code on GitHubRevenue: All fees are revenue for the protocolView code on GitHub

Competitors

Midas RWA ($118.91m)Sweep ($8,185)BlackRock BUIDL ($3.424b)Centrifuge Protocol ($1.628b)Brickken ($42.36m)Circle USYC ($2.959b)Tether Gold ($2.886b)Ondo Yield Assets ($2.552b)Spiko ($2.239b)Paxos Gold ($1.799b)

Frequently Asked Questions

What is BackedFi?

Fully backed, tokenized real-world assets.

What is BackedFi's TVL?

BackedFi currently has $4.22m in total value locked. TVL has decreased 46.6% over the past 30 days.

What chains does BackedFi operate on?

BackedFi operates on 8 chains: BSC, Base, Ethereum, Fantom, and Avalanche and 3 others. Ethereum holds the largest share at 86.2%.

How much has BackedFi generated in fees and revenue?

Over the past 30 days, BackedFi generated $0 in fees. Of that, $0 was protocol revenue.

How does BackedFi's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, BackedFi ranks #57 by TVL. The category holds $26.412b across 131 protocols, and BackedFi accounts for 0% of that total. Other leading protocols include Securitize, Ondo Finance, and Circle.