Ask about ParaSpace Lending V1
Logo of ParaSpace Lending V1ParaSpace Lending V1
Total Value Locked$185,964.1

TVL by Chain

Ethereum$139,316.36

ZKsync Era$34,335.83

Arbitrum$12,295.65

Polygon$16.27

Moonbeam$0

Key Metrics

Active Loans$352,847.36

Protocol Information

ParaSpace is a permissionless universal, cross-margin NFT lending protocol that enables users to collateralize both ERC-721 and ERC-20 assets into a single portfolio to borrow against.

Category:Lending

Audits:

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Methodology

TVL: TVL includes ERC-20 and ERC-721 tokens that have been supplied as well as ERC-20 tokens that are supplied for lending.View code on GitHub

Hacks

Date: Mar 17, 2023

Amount: $5m

Classification: Protocol Logic

Technique: Borrow Logic Exploit

Chains: Ethereum

Language: Solidity

Target Type: NFTfi

Returned Funds: $5m

Competitors

Aave V3 ($14.237b)WePiggy ($688,044.33)Impermax V2 ($536,865.25)Tarot ($505,464)Prime Protocol ($353,052.93)Morpho Blue ($7.935b)SparkLend ($3.724b)Maple ($2.463b)Compound V3 ($1.142b)Venus Core Pool ($1.075b)

Frequently Asked Questions

What is ParaSpace Lending V1?

ParaSpace is a permissionless universal, cross-margin NFT lending protocol that enables users to collateralize both ERC-721 and ERC-20 assets into a single portfolio to borrow against.

What is ParaSpace Lending V1's TVL?

ParaSpace Lending V1 currently has $185,964.1 in total value locked. TVL has increased 80.7% over the past 30 days.

What chains does ParaSpace Lending V1 operate on?

ParaSpace Lending V1 operates on 5 chains: Moonbeam, Polygon, ZKsync Era, Ethereum, and Arbitrum. Ethereum holds the largest share at 74.9%.

How does ParaSpace Lending V1's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, ParaSpace Lending V1 ranks #179 by TVL. The category holds $41.455b across 467 protocols, and ParaSpace Lending V1 accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through ParaSpace Lending V1?

ParaSpace Lending V1 currently has $352,847.36 in active loans.

Has ParaSpace Lending V1 ever been exploited?

ParaSpace Lending V1 has 1 recorded security incident. The most recent incident occurred on Mar 17, 2023 and involved $5m. It was classified as Protocol Logic.