Cycle Finance

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.

We add liquidity that is on the VAULTS threw their contracts and the portion of staking the native token (CYCLE) && CYCLE/AVAX LP by coreRewards and avaxRewards contracts respectivly

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

Cycle Finance's governance or utility token carries a market capitalisation of 20.373,6 $ based on circulating supply at the latest DeFiLlama snapshot. Token market cap (20.373,6 $) and TVL (26.139,8 $) trade close together, giving a mcap/TVL multiple of 0.78× — broadly the range market participants treat as "fair" for an established DeFi protocol.

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.

Cycle Finance is a Yield Aggregator — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Avalanche.

Cycle Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Token market cap (20.373,6 $) and TVL (26.139,8 $) trade at a ratio of 0.78, in the range generally considered normal for an established DeFi protocol.

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

Cycle Finance is one of 7 Yield Aggregator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include CIAN Yield Layer, Yearn Finance, Fluid Lite, and 3 more. These peer protocols collectively secure 1,2 Mrd. $ in deposits, giving you a frame of reference for whether Cycle Finance's own TVL is at the top, middle, or tail of the category.

CIAN Yield Layer

TVL 382,1 Mio. $ · 24h +6.83%

Yearn Finance

TVL 262,2 Mio. $ · 24h +1.32%

Fluid Lite

TVL 180,1 Mio. $ · 24h +0.74%

Beefy

TVL 153,3 Mio. $ · 24h +0.77%

Lulo

TVL 97,1 Mio. $ · 24h +0.54%

YO Protocol

TVL 78,3 Mio. $ · 24h +0.84%