Yel Finance

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

Yel Finance's governance or utility token carries a market capitalisation of 62.430,3 $ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (62.430,3 $) above the protocol's on-chain TVL (16.401,8 $) — a mcap/TVL multiple of 3.81× implies investors are paying for expected future fee flows rather than current deposits alone. A further 2592,9 $ 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 19, 2021
   Auf DeFiLlama gelistet

Yel Finance operates in the Yield category of DeFi. It is deployed across 8 chains, including Sonic, Base, Blast, Fantom and 4 other chains.

Yel Finance runs a multi-chain deployment, with smart contracts live on 8 networks. TVL is comparatively balanced across networks: even the largest deployment (pool2) holds only 38% of the protocol's value. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Its token market cap (62.430,3 $) currently exceeds total value locked (16.401,8 $) — a mcap/TVL ratio of 3.81 suggests the market is pricing in more growth than current deposits support.

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

Yel 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 Yel 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%