Ask about NoRekt

Logo of NoRektNoRekt

Total Value Locked$11,083

TVL by Chain

Arbitrum$11,083

Key Metrics

Active Loans$2,263

Protocol Information

NoRekt is a hedged lending protocol that lets users borrow USDC against ETH collateral while using option-based protection to reduce liquidation risk.

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Category:Lending

Methodology

TVL: TVL is calculated as the USDC held in the NoRekt liquidity pool plus WETH collateral held in the collateral contract. Borrowed is calculated from the USDC pool's totalBorrows() view function, which includes outstanding principal and accrued unpaid interest.View code on GitHub

Competitors

Aave V3 ($17.34b)Morpho Blue ($11.142b)Compound V3 ($1.444b)Venus Core Pool ($1.28b)Fluid Lending ($692.69m)Dolomite ($354.01m)Euler V2 ($305.64m)Curve LlamaLend ($74.62m)TermMax ($26.72m)Gearbox ($23.55m)

Frequently Asked Questions

What is NoRekt's TVL?

NoRekt currently has $11,083 in total value locked. TVL has increased 0.5% over the past 30 days.

What chains does NoRekt operate on?

NoRekt operates on Arbitrum. Arbitrum holds the largest share at 100%.

How does NoRekt's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, NoRekt ranks #314 by TVL. The category holds $53.102b across 520 protocols, and NoRekt accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Fluid Lending, Dolomite, Euler V2, Curve LlamaLend, TermMax, and Gearbox.

How much has been borrowed through NoRekt?

NoRekt currently has $2,263 in active loans.