Fraxlend

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.

Gets the pairs from the REGISTRY_ADDRESS and adds the collateral amounts from each pair

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

Fraxlend is published as a versioned release inside the Frax Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Fraxlend is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

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

1. Sep 8, 2022
   Listed on DeFiLlama

Fraxlend 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 3 chains, including Ethereum, Fraxtal, Arbitrum. No public audit reports are listed on DeFiLlama for this protocol.

Fraxlend operates on 3 networks (Ethereum, Fraxtal, Arbitrum), keeping its surface area narrower than chain-agnostic peers. Roughly 97% of its on-chain value sits on just three networks (Ethereum, borrowed, Ethereum-borrowed), so a fault on any one of them would affect a large slice of users. Price discovery relies on 3 oracle providers (Chainlink, Api3, RedStone), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. 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 Fraxlend — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Fraxlend 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 Fraxlend'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%