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ProtocolsUnion Protocol

INCLUDE IN TVL:

Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.

Union Protocol (UNION)

Total Value Locked
$331,923
  .csv
Chain Breakdown
Optimism$207,787
Ethereum$97,510
Arbitrum$26,626
Include in TVL (optional)
$93,906
$93,906

Protocol Information

A decentralized protocol for permissionless credit.

Category:Uncollateralized Lending

Development Activity

(updated at 26/10/24)

Weekly commits: 10
Monthly commits: 38
Weekly developers: 4
Monthly developers: 4

Last commit: 3 days ago (2024-10-26)

Token Information

Address:0x5Dfe42...85535C

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.