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Bonzo Finance
This protocol has some TVL that's classified as borrowed, enable the toggles to see it
Bonzo Finance
Description
The Liquidity Layer of Hedera: An open source, non-custodial lending protocol based on Aave
Total Value Locked
$32,165,242
| Hedera: | $32.17m |
|---|---|
| borrowed: | $13.11m |
Protocol Information
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.