Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.
Information
TVL
OpenFi
Total Value Locked$305.12
| BSC | $168.54 |
|---|---|
| Pharos | $136.58 |
| Include in TVL (optional) | |
|---|---|
| $367.1 |
| $367 |
Protocol Information
OpenFi is a lending protocol bridging Real World Assets to DeFi, allowing users to supply and borrow RWA-backed and crypto assets.
Category:RWA Lending
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.