Starlay Finance(LAY)

Total Value Locked$131,940

TVL by Chain

Astar$131,940

Key Metrics

Staked$0

Active Loans$0

Protocol Information

Starlay Finance is the first lending protocol backed by Astar Network.

Website GitHub X/Twitter

Category:Lending

Audits:

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.

Hacks

Date: Feb 8, 2024

Amount: $2.1m

Classification: Protocol Logic

Technique: Redeem Logic Flaw

Chains: Acala

Language: Solidity

Target Type: DeFi Protocol

Competitors

SiO2 Finance ($54,682)Aave V3 ($17.336b)Morpho Blue ($11.263b)SparkLend ($5.135b)JustLend V1 ($3.77b)Maple ($2.848b)Compound V3 ($1.445b)Kamino Lend ($1.325b)Venus Core Pool ($1.28b)Jupiter Lend ($1.135b)

Frequently Asked Questions

What is Starlay Finance's TVL?

Starlay Finance currently has $131,940 in total value locked. TVL has increased 1% over the past 30 days.

What chains does Starlay Finance operate on?

Starlay Finance operates on Astar. Astar holds the largest share at 100%.

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

Among Lending protocols tracked by DefiLlama, Starlay Finance ranks #215 by TVL. The category holds $52.902b across 519 protocols, and Starlay Finance accounts for <0.1% of that total. Other leading protocols include SiO2 Finance, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Kamino Lend, Venus Core Pool, and Jupiter Lend.

How much has been borrowed through Starlay Finance?

Starlay Finance currently has $0 in active loans.

Has Starlay Finance ever been exploited?

Starlay Finance has 1 recorded security incident. The most recent incident occurred on Feb 8, 2024 and involved $2.1m. It was classified as Protocol Logic.