Ask about Snail Finance
Logo of Snail FinanceSnail Finance(Snail)
Total Value Locked$2.02

TVL by Chain

Base$2.02

Key Metrics

Active Loans$0

Protocol Information

Snail Finance is a revolutionary lending protocol built on Base.

CategoryLending
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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 GitHub

Competitors

Aave V3 ($12.266b)Morpho Blue ($6.764b)Compound V3 ($1.086b)Venus Core Pool ($1.061b)Fluid Lending ($625.63m)Euler V2 ($262.22m)Moonwell Lending ($44.04m)TermMax ($34.51m)Native Credit Pool ($33.61m)40 Acres ($16.05m)