Vires Finance
This protocol has some TVL that's classified as borrowed, enable the toggles to see it
Vires Finance
$VIRESDescription
Vires.finance is is a decentralized non-custodial liquidity protocol based on Waves Blockchain, where users, wallets and dapps can participate as depositors or borrowers.
Total Value Locked
$654.93m
| Waves: | $8.03m |
|---|---|
| borrowed: | $14.9m |
Charts
- Flows
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
Token Information