Frankencoin

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

Frankencoin's governance or utility token carries a market capitalisation of $37M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($37M) and TVL ($68.4M) trade close together, giving a mcap/TVL multiple of 0.54× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further $10M 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. Nov 14, 2023
   Listed on DeFiLlama

Frankencoin is a CDP 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 Ethereum. The codebase has been independently audited (6 reports on file).

Frankencoin is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. 6 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer. Token market cap ($37M) and TVL ($68.4M) trade at a ratio of 0.54, in the range generally considered normal for an established DeFi protocol.

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

Frankencoin is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Frankencoin's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL $7.4B · 24h -0.04%

USDD

TVL $563.6M · 24h -12.33%

Lista CDP

TVL $422.5M · 24h -0.11%

Avalon USDa

TVL $403.7M · 24h -0.57%

Liquity V1

TVL $180.4M · 24h +0.29%

Reservoir Protocol

TVL $166.9M · 24h +15.44%