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Ask about Florence FinanceTotal Value Locked$0
TVL by Chain
Ethereum$0
Arbitrum$0
Base$0
Key Metrics
Active Loans$61,899.43
$FFM Liquidity$114,038
Uniswap V3$60,046
Uniswap V3$53,992
Total Raised$3m
Sep 5, 2022$3mRound: SeedInvestors: Big Brain Holdings, Bixin Ventures, AscendEX, CoinIX Capital, Focus Labs, Lunatic Capital, Nothing Research, Newform Capital, Fox Ventures
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:
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. View code on GitHubHacks
Date: Nov 30, 2023
Amount: $1.45m
Classification: Infrastructure
Technique: Address Poisoning
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Florence Finance?
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.
What is Florence Finance's TVL?
Florence Finance currently has $0 in total value locked.
What chains does Florence Finance operate on?
Florence Finance operates on 3 chains: Ethereum, Arbitrum, and Base.
How does Florence Finance's TVL compare to similar protocols?
Among RWA Lending protocols tracked by DefiLlama, Florence Finance ranks #23 by TVL. The category holds $925.6m across 25 protocols, and Florence Finance accounts for 0% of that total. Other leading protocols include Aave, Pareto, and Figure Markets.
How much has been borrowed through Florence Finance?
Florence Finance currently has $61,899.43 in active loans.
Has Florence Finance ever been exploited?
Florence Finance has 1 recorded security incident. The most recent incident occurred on Nov 30, 2023 and involved $1.45m. It was classified as Infrastructure.