Enclabs

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. Jan 30, 2025
   Listed on DeFiLlama

Enclabs 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 2 chains, including Sonic, Plasma.

Enclabs operates on 2 networks (Sonic, Plasma), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Sonic, which holds 100% of all assets — other deployments are comparatively small. Price discovery relies on 4 oracle providers (Chainlink, RedStone, Pyth, and others), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust.

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

Enclabs 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 Enclabs'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%