Logo of Magma FinanceMagma Finance
Total Value Locked$79,200.55

TVL by Chain

IoTeX$79,200.55

Protocol Information

A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.

Category:CDP
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Methodology

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

Competitors

xDollar ($215,911.63)Sky Lending ($5.681b)USDD ($1.279b)Lista CDP ($274.4m)Liquity V1 ($179.68m)crvUSD ($88.02m)Liquity V2 ($87.32m)Frankencoin ($80.19m)Felix CDP ($36.24m)Inverse Finance FiRM ($28.77m)

Frequently Asked Questions

What is Magma Finance's TVL?

Magma Finance currently has $79,200.55 in total value locked. TVL has increased 25.2% over the past 30 days.

What chains does Magma Finance operate on?

Magma Finance operates on IoTeX. IoTeX holds the largest share at 100%.

How does Magma Finance's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Magma Finance ranks #96 by TVL. The category holds $7.974b across 203 protocols, and Magma Finance accounts for <0.1% of that total. Other leading protocols include xDollar, Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Frankencoin, Felix CDP, and Inverse Finance FiRM.