Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.
Union Protocol (UNION)
Total Value Locked$273,072
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| $0.012 | |
| $64,029 |
Protocol Information
A decentralized protocol for permissionless credit.
Category:Uncollateralized Lending
Development Activity
(updated at 06/05/25)
Weekly commits: 2
Monthly commits: 2
Weekly developers: 2
Monthly developers: 2
Last commit: 10 days ago (2025-05-06)
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.