Ask about Nyke Finance
Logo of Nyke FinanceNyke Finance
Total Value Locked$7.69

TVL by Chain

EthereumClassic$7.69

Key Metrics

Active Loans$120.87

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.

CategoryLending

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 GitHub