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ProtocolsFlorence Finance

INCLUDE IN STATS:

Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.

Information
TVL

Florence Financ...
(FFM)

Total Value Locked
$0
Chain Breakdown
Ethereum$0
Arbitrum$0
Include in TVL (optional)
$3.98m
Market Cap
$2.39m
$0.029
Fully Diluted Valuation
$29.57m
$88,450
$3.98m
$712,387

Protocol Information

Florence is a DeFi platform that allows users to seamlessly integrate real-world (SME) yield into their cryptocurrency portfolio in the most transparent and sustainable way. By tokenizing real-world assets and collateral, Florence enables their composability within DeFi.

Category:RWA Lending

Audits
:

Token Information

Address:0x3269a3...b0d848

Methodology

TVL: The Florin token (FLR) is minted whenever a new loan is funded and burned when a loan matures and is repaid. Since the Florin token is 1:1 redeemable for EUR the borrowed amount is denominated in the protocols treasuries EUR stablecoin of the respective chain. Consequently the total supply of Florin equals the amount borrowed through the protocol. To avoid double counting, the amount of FLR held in the bridge contract is subtracted from the total supply.

Hacks

Date:11/30/2023

Amount:$1.45m

Classification:Infrastructure

Technique:Address Poisoning

Chain:Ethereum

Returned Funds:$0

Source