Logo of PhoLendPhoLend
Total Value Locked$25.73

TVL by Chain

CrossFi$25.73

Key Metrics

Active Loans$0.56

Protocol Information

PhoLend is a decentralized lending platform that provides an environment for lenders and borrowers. Its open-source design supports community-driven improvements, fostering innovation and collaboration in DeFi

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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 GitHub

Competitors

Aave V3 ($17.62b)Morpho Blue ($9.463b)SparkLend ($4.669b)JustLend V1 ($3.714b)Maple ($2.94b)Compound V3 ($1.443b)Venus Core Pool ($1.29b)Kamino Lend ($1.259b)Jupiter Lend ($1.128b)Lista Lending ($859.98m)

Frequently Asked Questions

What is PhoLend's TVL?

PhoLend currently has $25.73 in total value locked. TVL has decreased 28.5% over the past 30 days.

What chains does PhoLend operate on?

PhoLend operates on CrossFi. CrossFi holds the largest share at 100%.

How does PhoLend's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, PhoLend ranks #451 by TVL. The category holds $50.015b across 515 protocols, and PhoLend accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Venus Core Pool, Kamino Lend, Jupiter Lend, and Lista Lending.

How much has been borrowed through PhoLend?

PhoLend currently has $0.56 in active loans.