Logo of Preon Finance

Preon Finance(PREON)

Total Value Locked$243,034

TVL by Chain

Arbitrum$221,330

Polygon$21,704

Base$0

Protocol Information

Preon is a decentralized, lending protocol that allows you to borrow against your crypto - at 0 interest. Loans are paid out in $STAR (a USD-pegged stablecoin) with a minimum maintained collateral ratio of 110%

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Category:CDP

Audits:

Methodology

TVL: Adds up the total value locked as collateral, as well as the AMO positions on Preon FinanceView code on GitHub

Competitors

QiDao ($2.28m)Reservoir Protocol ($70.12m)Angle ($1.81m)xDollar ($166,741)Button Wrappers ($30,577)Davos Protocol ($24,523)Deaderal Reserve Protocol ($2,927)BTCFi CDP ($7.65m)Abracadabra Spell ($4.86m)mStable CDP ($2.8m)

Frequently Asked Questions

What is Preon Finance's TVL?

Preon Finance currently has $243,034 in total value locked. TVL has decreased 2.8% over the past 30 days.

What chains does Preon Finance operate on?

Preon Finance operates on 3 chains: Arbitrum, Polygon, and Base. Arbitrum holds the largest share at 91.1%.

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

Among CDP protocols tracked by DefiLlama, Preon Finance ranks #73 by TVL. The category holds $8.21b across 198 protocols, and Preon Finance accounts for <0.1% of that total. Other leading protocols include QiDao, Reservoir Protocol, Angle, xDollar, Button Wrappers, Davos Protocol, Deaderal Reserve Protocol, BTCFi CDP, Abracadabra Spell, and mStable CDP.