Ask about Tangent Finance

Logo of Tangent FinanceTangent Finance

Total Value Locked$3.93m

TVL by Chain

Ethereum$3.93m

Key Metrics

Fees 30d$41,079
Fees 30d by chain

Ethereum$41,079

Fees 7d$10,524

Ethereum$10,524

Fees 24h$1,122

Ethereum$1,122

Cumulative Fees$143,088

Ethereum$143,088

Revenue 30d$5,520
Revenue 30d by chain

Ethereum$20,562

Revenue 7d$6,257

Ethereum$6,257

Revenue 24h$534

Ethereum$534

Cumulative Revenue-$28,882

Ethereum$70,152

Protocol Information

Tangent is a decentralized lending protocol on Ethereum that issues USG, a crypto-backed stablecoin. Users deposit yield-bearing collateral (e.g. Curve/Convex LP positions) to borrow USG, with the peg defended by dynamic interest rates and Curve V2 peg keepers.

WebsiteX/Twitter
Category:Lending

Audits:

Methodology

TVL: TVL = collateral held across Tangent markets.View code on GitHubFees: Borrow interest paid by USG borrowers, plus every reward harvested from the collateral deposited in Tangent markets.View code on GitHubRevenue: Borrow interest and the protocol cut of harvested collateral rewards, less what that pool pays out to sUSG savers and spends on vote incentives (bribes).View code on GitHub

Competitors

Aave V3 ($17.34b)Morpho Blue ($11.142b)SparkLend ($5.326b)Maple ($2.869b)Compound V3 ($1.444b)Venus Core Pool ($1.28b)Lista Lending ($1.005b)Fluid Lending ($692.69m)Aave V4 ($654.4m)Dolomite ($354.01m)

Frequently Asked Questions

What is Tangent Finance's TVL?

Tangent Finance currently has $3.93m in total value locked. TVL has decreased 11.4% over the past 30 days.

What chains does Tangent Finance operate on?

Tangent Finance operates on Ethereum. Ethereum holds the largest share at 100%.

How much has Tangent Finance generated in fees and revenue?

Over the past 30 days, Tangent Finance generated $41,079 in fees. Of that, $5,520 was protocol revenue. Based on the trailing year, the annualized rate is $381,012 in fees and -$70,176 in revenue.

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

Among Lending protocols tracked by DefiLlama, Tangent Finance ranks #91 by TVL. The category holds $53.102b across 520 protocols, and Tangent Finance accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Dolomite.