Mimas Finance

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

Mimas Finance's governance or utility token carries a market capitalisation of $1.8M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($1.8M) above the protocol's on-chain TVL ($30.7K) — a mcap/TVL multiple of 59.36× implies investors are paying for expected future fee flows rather than current deposits alone. A further $53.3 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. Jan 4, 2022
   Listed on DeFiLlama

Mimas Finance 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 on Cronos. The codebase has been independently audited (1 report on file).

Mimas Finance is a single-chain protocol, deployed exclusively on Cronos — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Cronos, Cronos-staking, staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($1.8M) currently exceeds total value locked ($30.7K) — a mcap/TVL ratio of 59.36 suggests the market is pricing in more growth than current deposits support.

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

Mimas Finance 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 Mimas Finance'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%