Sphere Finance

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

Sphere Finance's governance or utility token carries a market capitalisation of 57.211 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (57.211 $) is small relative to deposits secured by the protocol (6,2 Mio. $); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

Sphere Finance is published as a versioned release inside the Sphere protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Sphere Finance ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

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

1. Mar 30, 2022
   Auf DeFiLlama gelistet

Sphere Finance operates in the Yield category of DeFi. It is deployed on Polygon. No public audit reports are listed on DeFiLlama for this protocol.

Sphere Finance is a single-chain protocol, deployed exclusively on Polygon — this concentrates execution risk but simplifies the trust model. Its token market cap (57.211 $) is small relative to TVL (6,2 Mio. $) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

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

Sphere Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure 5,2 Mrd. $ in deposits, giving you a frame of reference for whether Sphere Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2,3 Mrd. $ · 24h +0.37%

Spark Savings

TVL 1,4 Mrd. $ · 24h +0.35%

Convex Finance

TVL 722,7 Mio. $ · 24h +0.66%

Multipli.fi

TVL 342,7 Mio. $ · 24h -0.01%

Strata Markets

TVL 259,5 Mio. $ · 24h +0.70%

infiniFi

TVL 177 Mio. $ · 24h +1.74%