Ask about Nyke FinanceTotal Value Locked$0.0019
TVL by Chain
EthereumClassic$0.0019
Key Metrics
Active Loans$81.1
Protocol Information
Nyke Finance is a decentralized, non-custodial, algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Nyke's protocol design and architecture references Compound, a proven and audited protocol.
Category:Lending
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFrequently Asked Questions
What is Nyke Finance?
Nyke Finance is a decentralized, non-custodial, algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Nyke's protocol design and architecture references Compound, a proven and audited protocol.
What is Nyke Finance's TVL?
Nyke Finance currently has $0.0019 in total value locked.
What chains does Nyke Finance operate on?
Nyke Finance operates on EthereumClassic. EthereumClassic holds the largest share at 100%.
How does Nyke Finance's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Nyke Finance ranks #437 by TVL. The category holds $41.528b across 467 protocols, and Nyke Finance accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.
How much has been borrowed through Nyke Finance?
Nyke Finance currently has $81.1 in active loans.