Mage Finance
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.
TVL history
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TVL by chain
Key facts
- Category
- Lending
- Chains
- 1
- Token
- —
- Oracles
- Pyth
- Audits
- None listed
- Listed
- Apr 2024
Similar Lending protocols
How this TVL is counted
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.
Frequently asked questions
What is Mage Finance’s TVL?
Mage Finance has $845.76 in total value locked, +16.82% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Mage Finance on?
Mage Finance runs on 1 chain; the most value sits on Merlin ($845.76).
What kind of protocol is Mage Finance?
Mage Finance is listed under Lending, where it ranks #395 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.