Ask about LINE Token
Logo of LINE TokenLINE Token(LINE)
Total Value Locked$11,193.84

TVL by Chain

Kava$11,193.84

Key Metrics

Staked$2,549.69

Protocol Information

LINE is a price-protected token. It is issued by borrowing against locking a collateral. If the token's price on DEXes grows after borrowing, the user will be able to sell it for profit. If it falls, the user will be able to repay the loan and get their collateral back (less fees). This is what ensures price protection.

Category:CDP

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Methodology

TVL: The TVL is calculated as USD value of the collateral locked for issuing LINE tokens, staked LP tokens of incentivized pools, and the balances of pending orders on the options market.View code on GitHub

Competitors

Kava Mint ($10.01m)Abracadabra Spell ($4.14m)mirrosset ($0.13)

Frequently Asked Questions

What is LINE Token?

LINE is a price-protected token. It is issued by borrowing against locking a collateral. If the token's price on DEXes grows after borrowing, the user will be able to sell it for profit. If it falls, the user will be able to repay the loan and get their collateral back (less fees). This is what ensures price protection.

What is LINE Token's TVL?

LINE Token currently has $11,193.84 in total value locked. TVL has decreased 0.4% over the past 30 days.

What chains does LINE Token operate on?

LINE Token operates on Kava. Kava holds the largest share at 100%.

How does LINE Token's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, LINE Token ranks #118 by TVL. The category holds $7.84b across 192 protocols, and LINE Token accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.