Ask about Palmy Finance
Logo of Palmy FinancePalmy Finance
Total Value Locked$12,675

TVL by Chain

Oasys$12,675

Key Metrics

Active Loans$256.66

Protocol Information

Palmy Finance is the first lending protocol backed by Oasys Network.

Category:Lending

Audits:

WebsiteGitHubTwitter

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