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Mage Finance
This protocol has some TVL that's classified as borrowed, enable the toggles to see it
Mage Finance
  •  
    Staking
  •  
    Pool2
  •  
    Borrows
  •  
    Offers
  •  
    Treasury
Description
Mage Protocol is the world's first money market built on Bitcoin's L2 scaling solution. Leveraging MerlinChain's ZK-rollup technology, Mage Protocol seamlessly enables users to lend, borrow, and earn, transforming idle Bitcoin assets into dynamic financial opportunities with unparalleled efficiency and security.
Total Value Locked
$89,240
Merlin:$89.24k
borrowed:$581.35
Links
USD
ETH
All Chains
1M
1Y
All
10 Jun, 11:3523 Nov, 07:5110 May, 22:20$0$50m$100m
Charts
  •  
    Flows
1 Oct, 07:3410 May, 22:20$0$50m$100m
4 Jun, 08:354 Aug, 11:26$0$50m$100m
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.
Protocol Information
Category
Lending
Audits
No
Include governance tokens staked in the protocol
Include staked lp tokens where one of the coins in the pair is the governance token
Include borrowed coins in lending protocols
Coins that are approved but not locked
Protocol treasury
Show stacked inflows and outflows of each token
Audits are not a guarantee of security.