Logo of Preon FinancePreon Finance(PREON)
Total Value Locked$236,088.31

TVL by Chain

Arbitrum$214,792.95

Polygon$21,295.37

Base$0

Protocol Information

Preon is a decentralized, lending protocol that allows you to borrow against your crypto - at 0 interest. Loans are paid out in $STAR (a USD-pegged stablecoin) with a minimum maintained collateral ratio of 110%

Category:CDP

Audits:

WebsiteTwitter

Methodology

TVL: Adds up the total value locked as collateral, as well as the AMO positions on Preon FinanceView code on GitHub

Competitors

Overnight Finance ($10.04m)QiDao ($2.62m)Reservoir Protocol ($29.69m)Angle ($1.98m)xDollar ($197,157.48)Button Wrappers ($30,704.64)Davos Protocol ($22,678.28)Deaderal Reserve Protocol ($3,214.7)BTCFi CDP ($7.05m)Abracadabra Spell ($4.49m)

Frequently Asked Questions

What is Preon Finance?

Preon is a decentralized, lending protocol that allows you to borrow against your crypto - at 0 interest. Loans are paid out in $STAR (a USD-pegged stablecoin) with a minimum maintained collateral ratio of 110%

What is Preon Finance's TVL?

Preon Finance currently has $236,088.31 in total value locked. TVL has increased 17.1% over the past 30 days.

What chains does Preon Finance operate on?

Preon Finance operates on 3 chains: Base, Arbitrum, and Polygon. Arbitrum holds the largest share at 91%.

How does Preon Finance's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Preon Finance ranks #74 by TVL. The category holds $7.977b across 202 protocols, and Preon Finance accounts for <0.1% of that total. Other leading protocols include Overnight Finance, QiDao, Reservoir Protocol, Angle, xDollar, Button Wrappers, Davos Protocol, Deaderal Reserve Protocol, BTCFi CDP, and Abracadabra Spell.