Ask about Seneca
Logo of SenecaSeneca
Total Value Locked$13,614.77

TVL by Chain

Ethereum$13,143.96

Arbitrum$470.81

Key Metrics

Staked$0

Protocol Information

Seneca is an omnichain CDP protocol for yield-bearing assets. Borrow collateralized stablecoin senUSD using supported collateral.

Category:CDP

Audits:

GitHubTwitter

Methodology

TVL: Counts the TVL of SEN tokens staked in the staking contracts and the total collateral in chambers across Arbitrum and Ethereum.View code on GitHub

Hacks

Date: Feb 28, 2024

Amount: $6.5m

Classification: Protocol Logic

Technique: Token approval exploit

Chains: Ethereum, Arbitrum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Reservoir Protocol ($33.09m)Abracadabra Spell ($4.11m)QiDao ($2.2m)Angle ($1.96m)Gravita Protocol ($313,113.79)Sky Lending ($5.662b)USDD ($1.278b)Liquity V1 ($142.41m)crvUSD ($73.75m)Liquity V2 ($72.77m)

Frequently Asked Questions

What is Seneca?

Seneca is an omnichain CDP protocol for yield-bearing assets. Borrow collateralized stablecoin senUSD using supported collateral.

What is Seneca's TVL?

Seneca currently has $13,614.77 in total value locked. TVL has increased 9% over the past 30 days.

What chains does Seneca operate on?

Seneca operates on 2 chains: Ethereum and Arbitrum. Ethereum holds the largest share at 96.5%.

How does Seneca's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Seneca ranks #115 by TVL. The category holds $7.807b across 192 protocols, and Seneca accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.

Has Seneca ever been exploited?

Seneca has 1 recorded security incident. The most recent incident occurred on Feb 28, 2024 and involved $6.5m. It was classified as Protocol Logic.