Agave

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

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.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Agave's governance or utility token carries a market capitalisation of 3,3 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (3,3 Mio. $) above the protocol's on-chain TVL (89.199,8 $) — a mcap/TVL multiple of 36.91× implies investors are paying for expected future fee flows rather than current deposits alone. A further 53.225,2 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Oct 22, 2021
   Auf DeFiLlama gelistet

Agave is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on xDai. The codebase has been independently audited.

Agave is a single-chain protocol, deployed exclusively on xDai — this concentrates execution risk but simplifies the trust model. Roughly 94% of its on-chain value sits on just three networks (xDai, xDai-staking, staking), so a fault on any one of them would affect a large slice of users. Its token market cap (3,3 Mio. $) currently exceeds total value locked (89.199,8 $) — a mcap/TVL ratio of 36.91 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Agave — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Agave is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure 43,4 Mrd. $ in deposits, giving you a frame of reference for whether Agave's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL 26,2 Mrd. $ · 24h +0.16%

Morpho V1

TVL 7 Mrd. $ · 24h +0.57%

JustLend

TVL 3,4 Mrd. $ · 24h +1.86%

Maple

TVL 2,4 Mrd. $ · 24h -1.17%

SparkLend

TVL 2,2 Mrd. $ · 24h +3.62%

Kamino Lend

TVL 2,1 Mrd. $ · 24h -0.02%