Bonzo 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.

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.

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

Bonzo Finance's governance or utility token carries a market capitalisation of $3.2M based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($3.2M) is small relative to deposits secured by the protocol ($16.6M); a mcap/TVL multiple of 0.19× 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.

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

1. Oct 27, 2024
   Listed on DeFiLlama

Bonzo Finance 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 on Hedera. The codebase has been independently audited (1 report on file).

Bonzo Finance is a single-chain protocol, deployed exclusively on Hedera — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Hedera, Hedera-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price discovery relies on 2 oracle providers (Chainlink, Supra), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($3.2M) is small relative to TVL ($16.6M) — a mcap/TVL ratio of 0.19 is often read as the token being structurally undervalued versus the activity it secures.

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

Bonzo Finance 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 $43.4B in deposits, giving you a frame of reference for whether Bonzo Finance's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%