Counts the tokens deposited in Seamless Protocol owned vaults even when those vaults exist on other protocols (this is marked as double counted). Other sources of TVL are not double counted such as lending market TVL which follows uses the following 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.