BackedFi

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

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Aug 30, 2023
   Listed on DeFiLlama

BackedFi operates in the RWA category of DeFi. It is deployed across 8 chains, including xDai, Arbitrum, Ethereum, Base and 4 other chains. No public audit reports are listed on DeFiLlama for this protocol.

BackedFi runs a multi-chain deployment, with smart contracts live on 8 networks. Roughly 99% of its on-chain value sits on just three networks (xDai, Arbitrum, Ethereum), so a fault on any one of them would affect a large slice of users. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.

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

BackedFi is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Paxos Gold, and 3 more. These peer protocols collectively secure $14.3B in deposits, giving you a frame of reference for whether BackedFi's own TVL is at the top, middle, or tail of the category.

Tether Gold

TVL $3.6B · 24h -0.43%

BlackRock BUIDL

TVL $2.5B · 24h +0.43%

Paxos Gold

TVL $2.5B · 24h -0.60%

Circle USYC

TVL $2.4B · 24h +4.42%

Ondo Yield Assets

TVL $2B · 24h -0.67%

Centrifuge Protocol

TVL $1.3B · 24h +4.07%