Ask about Magma Finance

Logo of Magma FinanceMagma Finance

Total Value Locked$99,232

TVL by Chain

IoTeX$99,232

Protocol Information

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

WebsiteGitHubX/Twitter
Category:CDP

Methodology

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

Competitors

xDollar ($175,613)Sky Lending ($5.95b)USDD ($1.29b)Liquity V1 ($196.45m)crvUSD ($161.33m)Liquity V2 ($108.62m)Lista CDP ($89.3m)Reservoir Protocol ($71.62m)Frankencoin ($64.61m)Inverse Finance FiRM ($33.62m)

Frequently Asked Questions

What is Magma Finance's TVL?

Magma Finance currently has $99,232 in total value locked. TVL has increased 19.9% 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 #86 by TVL. The category holds $8.214b across 198 protocols, and Magma Finance accounts for <0.1% of that total. Other leading protocols include xDollar, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, and Inverse Finance FiRM.