Ask about Fungify
Logo of FungifyFungify(FUNG)
Total Value Locked$112,630.08

TVL by Chain

Ethereum$112,630.08

Key Metrics

Active Loans$385,461.35

Total Raised$6m

Feb 1, 2023$6mRound: Investors: CitizenX, Distributed Global, Infinity Ventures Crypto, Taureon, Anagram, Flow ventures, DCFGod, Joe Eagan, Mark Borsten

Protocol Information

Fungify is composed of two parts: Index and Pools. Pools is a cross-margin lending platform that enables borrowing and lending of any assets, including NFTs, while earning yield. The Index is a marketcap weighted basket of blue-chip NFTs, like the S&P500 of NFTs

Category:Lending

Audits:

Twitter

Methodology

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

Competitors

Aave V3 ($13.923b)Morpho Blue ($7.555b)SparkLend ($3.666b)Maple ($2.264b)Compound V3 ($1.125b)Venus Core Pool ($1.039b)Fluid Lending ($662.08m)Lista Lending ($625.43m)Euler V2 ($326.19m)cap ($253.66m)

Frequently Asked Questions

What is Fungify?

Fungify is composed of two parts: Index and Pools. Pools is a cross-margin lending platform that enables borrowing and lending of any assets, including NFTs, while earning yield. The Index is a marketcap weighted basket of blue-chip NFTs, like the S&P500 of NFTs

What is Fungify's TVL?

Fungify currently has $112,630.08 in total value locked. TVL has increased 5.4% over the past 30 days.

What chains does Fungify operate on?

Fungify operates on Ethereum. Ethereum holds the largest share at 100%.

How does Fungify's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Fungify ranks #206 by TVL. The category holds $40.286b across 466 protocols, and Fungify accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through Fungify?

Fungify currently has $385,461.35 in active loans.