Florence 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.

The Florin token (FLR) is minted whenever a new loan is funded and burned when a loan matures and is repaid. Since the Florin token is 1:1 redeemable for EUR the borrowed amount is denominated in the protocols treasuries EUR stablecoin of the respective chain. Consequently the total supply of Florin equals the amount borrowed through the protocol. To avoid double counting, the amount of FLR held in the bridge contract is subtracted from the total supply.

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

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

1. Jul 4, 2023
   Auf DeFiLlama gelistet

Florence Finance is a RWA 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 across 3 chains, including Ethereum, Arbitrum, Base. The codebase has been independently audited (1 report on file).

Florence Finance operates on 3 networks (Ethereum, Arbitrum, Base), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (borrowed, Arbitrum-borrowed, Ethereum-borrowed), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

Florence Finance is one of 7 RWA Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include USD AI, Aave Horizon RWA, Pareto Credit, and 3 more. These peer protocols collectively secure 827,4 Mio. $ in deposits, giving you a frame of reference for whether Florence Finance's own TVL is at the top, middle, or tail of the category.

USD AI

TVL 332,5 Mio. $ · 24h -0.17%

Aave Horizon RWA

TVL 274,5 Mio. $ · 24h +0.30%

Pareto Credit

TVL 179,6 Mio. $ · 24h -0.01%

Figure Markets Democratized Prime

TVL 20,9 Mio. $ · 24h -0.01%

cSigma Finance

TVL 12,7 Mio. $ · 24h -0.00%

Kasu

TVL 7,2 Mio. $ · 24h +6.00%