Logo of Preon FinancePreon Finance(PREON)
Total Value Locked$247,860.54

TVL by Chain

Arbitrum$226,315.51

Polygon$21,545.03

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%

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Category:CDP

Audits:

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 ($9.95m)QiDao ($2.68m)Reservoir Protocol ($72.03m)Angle ($1.97m)xDollar ($193,673.16)Button Wrappers ($30,986.35)Davos Protocol ($24,270.49)Deaderal Reserve Protocol ($2,934.58)BTCFi CDP ($7.21m)Abracadabra Spell ($4.71m)

Frequently Asked Questions

What is Preon Finance's TVL?

Preon Finance currently has $247,860.54 in total value locked. TVL has increased 23.2% over the past 30 days.

What chains does Preon Finance operate on?

Preon Finance operates on 3 chains: Base, Polygon, and Arbitrum. Arbitrum holds the largest share at 91.3%.

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

Among CDP protocols tracked by DefiLlama, Preon Finance ranks #75 by TVL. The category holds $7.856b across 203 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.