Logo of Preon FinancePreon Finance(PREON)

Total Value Locked$260,840

TVL by Chain

Arbitrum$238,745

Polygon$22,096

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 ($2.41m)Reservoir Protocol ($71.95m)Angle ($1.82m)xDollar ($181,729)Button Wrappers ($32,484)Davos Protocol ($26,163)Deaderal Reserve Protocol ($3,141)BTCFi CDP ($7.7m)Abracadabra Spell ($5.01m)

Frequently Asked Questions

What is Preon Finance's TVL?

Preon Finance currently has $260,840 in total value locked. TVL has increased 6.6% over the past 30 days.

What chains does Preon Finance operate on?

Preon Finance operates on 3 chains: Arbitrum, Polygon, and Base. Arbitrum holds the largest share at 91.5%.

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 $8.34b across 200 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.