Nyke Finance
Nyke Finance is a decentralized, non-custodial, algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Nyke's protocol design and architecture references Compound, a proven and audited protocol.
TVL history
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TVL by chain
Key facts
- Category
- Lending
- Chains
- 1
- Token
- —
- Oracles
- —
- Audits
- None listed
- Listed
- Jun 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 Nyke Finance’s TVL?
Nyke Finance has $7.71 in total value locked, +330,873.94% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Nyke Finance on?
Nyke Finance runs on 1 chain; the most value sits on EthereumClassic ($7.71).
What kind of protocol is Nyke Finance?
Nyke Finance is listed under Lending, where it ranks #456 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.