Ask about Friendly Market
Protocol Information
Friendly Market is a decentralized lending protocol offering native markets on Nibiru Chain alongside cross-chain markets, enabling seamless borrowing and lending of assets across multiple blockchains with unified liquidity and efficient capital utilization
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.. TVL is calculated by getting the market addresses from comptroller and calling the totalsCollaterals() on-chain method to get the amount of tokens locked in each of these addresses, then we get the price of each token from coingecko.View code on GitHubCompetitors
Frequently Asked Questions
What is Friendly Market's TVL?
Friendly Market currently has $6 in total value locked. TVL has decreased 100% over the past 30 days.
What chains does Friendly Market operate on?
Friendly Market operates on Nibiru. Nibiru holds the largest share at 100%.
How does Friendly Market's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Friendly Market ranks #456 by TVL. The category holds $56.069b across 519 protocols, and Friendly Market accounts for <0.1% of that total. Other leading protocols include LayerBank, Nebula Lending, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Kamino Lend, and Venus Core Pool.
How much has been borrowed through Friendly Market?
Friendly Market currently has $84.91 in active loans.