Ask about Fungify

Logo of FungifyFungify(FUNG)

Total Value Locked$136,795

TVL by Chain

Ethereum$136,795

Key Metrics

Active Loans$382,782

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 ($17.645b)Morpho Blue ($11.215b)SparkLend ($5.415b)Maple ($3.046b)Compound V3 ($1.46b)Venus Core Pool ($1.293b)Lista Lending ($1.016b)Fluid Lending ($696.33m)Aave V4 ($659.85m)Dolomite ($352.61m)

Frequently Asked Questions

What is Fungify's TVL?

Fungify currently has $136,795 in total value locked. TVL has increased 2.4% 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 #214 by TVL. The category holds $53.943b across 520 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 Dolomite.

How much has been borrowed through Fungify?

Fungify currently has $382,782 in active loans.