wefi

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.. TVL is calculated by getting the market addresses from comptroller and calling the getCash() on-chain method to get the amount of tokens locked in each of these addresses.

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

wefi's governance or utility token carries a market capitalisation of 490.510,8 $ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (490.510,8 $) above the protocol's on-chain TVL (62.780,2 $) — a mcap/TVL multiple of 7.81× implies investors are paying for expected future fee flows rather than current deposits alone. A further 106.391,2 $ 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. Mar 13, 2023
   Auf DeFiLlama gelistet

wefi 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 across 4 chains, including Boba, Polygon, Linea, XDC. The codebase has been independently audited (2 reports on file).

wefi operates on 4 networks (Boba, Polygon, Linea, XDC), keeping its surface area narrower than chain-agnostic peers. TVL is comparatively balanced across networks: even the largest deployment (borrowed) holds only 23% of the protocol's value. Price discovery relies on 3 oracle providers (Chainlink, Api3, DIA), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap (490.510,8 $) currently exceeds total value locked (62.780,2 $) — a mcap/TVL ratio of 7.81 suggests the market is pricing in more growth than current deposits support.

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

wefi 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 wefi'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%