Harmonix 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.

Aggregates total value of each Harmonix vault

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

Harmonix Finance's governance or utility token carries a market capitalisation of $1.4M based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($1.4M) is small relative to deposits secured by the protocol ($5.5M); a mcap/TVL multiple of 0.26× 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. Jul 8, 2024
   Listed on DeFiLlama

Harmonix Finance operates in the Yield category of DeFi. It is deployed across 4 chains, including Hyperliquid L1, Arbitrum, Ethereum, Base. The codebase has been independently audited (1 report on file).

Harmonix Finance operates on 4 networks (Hyperliquid L1, Arbitrum, Ethereum, Base), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Hyperliquid L1, Arbitrum, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($1.4M) is small relative to TVL ($5.5M) — a mcap/TVL ratio of 0.26 is often read as the token being structurally undervalued versus the activity it secures.

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

Harmonix Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Harmonix Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL $2.3B · 24h +0.37%

Spark Savings

TVL $1.4B · 24h +0.35%

Convex Finance

TVL $722.7M · 24h +0.66%

Multipli.fi

TVL $342.7M · 24h -0.01%

Strata Markets

TVL $259.5M · 24h +0.70%

infiniFi

TVL $177M · 24h +1.74%