Ask about Gloop

Logo of GloopGloop(GLOOP)

Total Value Locked$27,466

TVL by Chain

Arbitrum$27,466

Key Metrics

Active Loans$0.01

Protocol Information

A DeFi suite consisting of two flagship products: 1. An index token protocol that allows users to invest in a basket of GMX liquidity providing assets by interacting with the protocol's Index contract. It manages various GM assets, calculates their weights, and allows users to mint, burn, and redeem index tokens. 2. A lending protocol which allows users to deposit and borrow USDC using GM assets (GMX liquidity provider tokens) as collateral.

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Category:Lending

Audits:

Methodology

TVL: Gloop TVL consists of two parts: (1) GMI Index TVL from totalControlledValue(true) which tracks the total USD value of GM tokens in the index, and (2) GM Lending TVL from totalUnderlying() for each supported token (GM BTC, GM ETH, GM SOL, USDC) in the lending pools.View code on GitHub

Competitors

Aave V3 ($17.34b)Morpho Blue ($11.142b)Compound V3 ($1.444b)Venus Core Pool ($1.28b)Fluid Lending ($692.69m)Dolomite ($354.01m)Euler V2 ($305.64m)Curve LlamaLend ($74.62m)TermMax ($26.72m)Gearbox ($23.55m)

Frequently Asked Questions

What is Gloop's TVL?

Gloop currently has $27,466 in total value locked. TVL has increased 0.3% over the past 30 days.

What chains does Gloop operate on?

Gloop operates on Arbitrum. Arbitrum holds the largest share at 100%.

How does Gloop's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Gloop ranks #280 by TVL. The category holds $53.102b across 520 protocols, and Gloop accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Fluid Lending, Dolomite, Euler V2, Curve LlamaLend, TermMax, and Gearbox.

How much has been borrowed through Gloop?

Gloop currently has $0.01 in active loans.