Logo of PhasePhase(CASH)
Total Value Locked$92.96

TVL by Chain

Base$92.96

Key Metrics

Staked$0

Protocol Information

Phase aims to be a liquidity platform, allowing users to borrow a rock-solid stablecoin while earning yield at the same time. Using your collateral, even while borrowing CASH, you can earn interest.

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Category:CDP

Audits:

Methodology

TVL: Counts the TVL of the Phase vaults. Counts total borrows. Counts $CASH in the bond.View code on GitHub

Competitors

Reservoir Protocol ($73.4m)Overnight Finance ($10.01m)BTCFi CDP ($7.14m)QiDao ($2.67m)Parallel Protocol V3 ($1.98m)Base Dollar ($266,345.59)Preon Finance ($248,897.42)Vaultedge ($164,032.4)Meridian Finance ($42,692.16)Button Wrappers ($31,018.87)

Frequently Asked Questions

What is Phase's TVL?

Phase currently has $92.96 in total value locked. TVL has increased 20.7% over the past 30 days.

What chains does Phase operate on?

Phase operates on Base. Base holds the largest share at 100%.

How does Phase's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Phase ranks #170 by TVL. The category holds $7.349b across 203 protocols, and Phase accounts for <0.1% of that total. Other leading protocols include Reservoir Protocol, Overnight Finance, BTCFi CDP, QiDao, Parallel Protocol V3, Base Dollar, Preon Finance, Vaultedge, Meridian Finance, and Button Wrappers.