Ask about Fungify
Logo of FungifyFungify(FUNG)
Total Value Locked$112,354.31

TVL by Chain

Ethereum$112,354.31

Key Metrics

Active Loans$385,742.62

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 ($13.827b)Morpho Blue ($7.519b)SparkLend ($3.647b)Maple ($2.264b)Compound V3 ($1.119b)Venus Core Pool ($1.035b)Fluid Lending ($659.91m)Lista Lending ($624.57m)Euler V2 ($326.14m)cap ($252.42m)

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 $112,354.31 in total value locked. TVL has increased 5.1% 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 $40.079b 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 $385,742.62 in active loans.