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Starlay Finance(LAY)
Total Value Locked$131,706
TVL by Chain
Astar$131,706
Key Metrics
Staked$0
Active Loans$0
Protocol Information
Starlay Finance is the first lending protocol backed by Astar Network.
Audits:
Methodology
TVL: 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.View code on GitHubHacks
Date: Feb 8, 2024
Amount: $2.1m
Classification: Protocol Logic
Technique: Redeem Logic Flaw
Chains: Acala
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Starlay Finance's TVL?
Starlay Finance currently has $131,706 in total value locked. TVL has increased 0.5% over the past 30 days.
What chains does Starlay Finance operate on?
Starlay Finance operates on Astar. Astar holds the largest share at 100%.
How does Starlay Finance's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Starlay Finance ranks #215 by TVL. The category holds $52.712b across 519 protocols, and Starlay Finance accounts for <0.1% of that total. Other leading protocols include SiO2 Finance, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Compound V3, Kamino Lend, Venus Core Pool, and Jupiter Lend.
How much has been borrowed through Starlay Finance?
Starlay Finance currently has $0 in active loans.
Has Starlay Finance ever been exploited?
Starlay Finance has 1 recorded security incident. The most recent incident occurred on Feb 8, 2024 and involved $2.1m. It was classified as Protocol Logic.