Butterfly Finance

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

A further $4.5 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.

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

1. Dec 18, 2023
   Listed on DeFiLlama

Butterfly Finance operates in the Farm category of DeFi. It is deployed on Avalanche.

Butterfly Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Roughly 99% of its on-chain value sits on just three networks (Avalanche, Avalanche-staking, staking), so a fault on any one of them would affect a large slice of users.

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

Butterfly Finance is one of 7 Farm protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Buzz Farming, Zircuit Staking, AILayer farm, and 3 more. These peer protocols collectively secure $651.6M in deposits, giving you a frame of reference for whether Butterfly Finance's own TVL is at the top, middle, or tail of the category.

Buzz Farming

TVL $276.1M · 24h +0.55%

Zircuit Staking

TVL $143.1M · 24h -16.55%

AILayer farm

TVL $77.7M · 24h +0.07%

Swell L2 Farm

TVL $75.5M · 24h +0.74%

Hemi Staking

TVL $41.1M · 24h +0.80%

Firelight

TVL $38.1M · 24h -0.54%