Ask about Magma Finance
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Magma Finance

Total Value Locked$100,592

TVL by Chain

IoTeX$100,592

Protocol Information

A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.

WebsiteGitHubX/Twitter
Category:CDP

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

xDollar ($168,464)Sky Lending ($6.02b)USDD ($1.319b)Liquity V1 ($180.08m)crvUSD ($147.75m)Liquity V2 ($98.56m)Lista CDP ($84.07m)Reservoir Protocol ($70.13m)Frankencoin ($61.69m)Inverse Finance FiRM ($33.16m)

Frequently Asked Questions

What is Magma Finance's TVL?

Magma Finance currently has $100,592 in total value locked. TVL has increased 17.7% over the past 30 days.

What chains does Magma Finance operate on?

Magma Finance operates on IoTeX. IoTeX holds the largest share at 100%.

How does Magma Finance's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Magma Finance ranks #84 by TVL. The category holds $8.249b across 198 protocols, and Magma Finance accounts for <0.1% of that total. Other leading protocols include xDollar, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, and Inverse Finance FiRM.