Ask about NaraUSD

Logo of NaraUSDNaraUSD

Total Value Locked$6.81m

TVL by Chain

Ethereum$6.81m

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.

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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 GitHub

Competitors

Invesco USTB ($565.07m)Ethena USDtb ($488.58m)Huma ($414.5m)Re ($397.06m)Anemoy Capital ($333.44m)OpenTrade ($252.29m)Plume Vaults ($229.26m)Theo Network thUSD ($132.3m)Frax USD ($109.25m)Usual USD0 ($84.45m)

Frequently Asked Questions

What is NaraUSD's TVL?

NaraUSD currently has $6.81m in total value locked. TVL has decreased 30.1% over the past 30 days.

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 #40 by TVL. The category holds $4.683b across 173 protocols, and NaraUSD accounts for 0.1% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, and Usual USD0.