Ask about PhoLendTotal Value Locked$23.97
TVL by Chain
CrossFi$23.97
Key Metrics
Active Loans$0.52
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
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 GitHubFrequently Asked Questions
What is PhoLend?
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
What is PhoLend's TVL?
PhoLend currently has $23.97 in total value locked. TVL has decreased 56.4% 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 #411 by TVL. The category holds $41.181b across 467 protocols, and PhoLend accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.
How much has been borrowed through PhoLend?
PhoLend currently has $0.52 in active loans.