Ask about Fungify
Logo of FungifyFungify(FUNG)
Total Value Locked$132,501.49

TVL by Chain

Ethereum$132,501.49

Key Metrics

Active Loans$388,024.33

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

X/Twitter
Category:Lending

Audits:

Methodology

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

Competitors

Aave V3 ($17.013b)Morpho Blue ($10.274b)SparkLend ($5.249b)Maple ($2.864b)Compound V3 ($1.388b)Venus Core Pool ($1.26b)Lista Lending ($850.56m)Fluid Lending ($747.65m)Aave V4 ($482.84m)Euler V2 ($351.7m)

Frequently Asked Questions

What is Fungify's TVL?

Fungify currently has $132,501.49 in total value locked. TVL has increased 16.2% 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 #220 by TVL. The category holds $51.163b across 517 protocols, and Fungify accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Euler V2.

How much has been borrowed through Fungify?

Fungify currently has $388,024.33 in active loans.