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Mystic Finance
This protocol has some TVL that's classified as borrowed, enable the toggles to see it
Mystic Finance
Description
The RWAfi money market: lend, borrow and leverage your assets on Plume Network's native money market
Total Value Locked
$18,156
| Plume Mainnet: | $18.09k |
|---|---|
| Plume: | $64.11 |
| borrowed: | $73.65 |
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.