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This protocol has some TVL that's classified as borrowed, enable the toggles to see it
Starlay Finance
Description
Starlay Finance is the first lending protocol backed by Astar Network.
Total Value Locked
$51.98m
Astar:$51.98m
borrowed:$71.49m
Links
Protocol Information
Category
Audits
Yes
Methodology
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.