Protocol Information
A PayFi credit protocol that finances short-term cross-border payment receivables and uses those assets to back NaraUSD and generate yield for NaraUSD+ holders.
Category:RWA
Sub Category: Private Credit
Audits:
Methodology
TVL: TVL is the collateral backing NaraUSD. Collateral is held in three places: the protocol Safe (0xaB05c0DB9D26e96A9dcEDCAFCA23341316F6fe6F), which holds the deployed positions, and the MultiCollateralToken and NaraUSD contracts, which hold deposits that have not been deployed yet. USDT, USDC, sUSDS and Midas Fasanara Global (mGLOBAL) balances are counted at their DefiLlama price. Blackopal LiquidStone II is an off-chain credit position represented by a BoringVault share; it is valued in USDC using getRate on the vault accountant. The MultiCollateralToken itself is excluded because it is a claim on the same collateral. doublecounted is set because mGLOBAL and sUSDS are also counted under the Midas and Sky adapters.View code on GitHubCompetitors
Frequently Asked Questions
What is NaraUSD's TVL?
NaraUSD currently has $9.75m in total value locked.
What chains does NaraUSD operate on?
NaraUSD operates on Ethereum. Ethereum holds the largest share at 100%.
How does NaraUSD's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, NaraUSD ranks #56 by TVL. The category holds $27.863b across 150 protocols, and NaraUSD accounts for <0.1% of that total. Other leading protocols include BlackRock BUIDL, Tether Gold, Circle USYC, Ondo Yield Assets, Spiko, Paxos Gold, Centrifuge Protocol, WisdomTree, Ondo Global Markets, and Anemoy Capital.