Ask about Magma Finance
Logo of Magma FinanceMagma Finance
Total Value Locked$58,614.38

TVL by Chain

IoTeX$58,614.38

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 ($95,990.21)

Frequently Asked Questions

What is Magma Finance?

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

What is Magma Finance's TVL?

Magma Finance currently has $58,614.38 in total value locked. TVL has decreased 22.7% 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 #87 by TVL. The category holds $7.892b across 190 protocols, and Magma Finance accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.