Nereus Finance

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

Nereus Finance's governance or utility token carries a market capitalisation of $5.6M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($5.6M) above the protocol's on-chain TVL ($81.1K) — a mcap/TVL multiple of 69.29× implies investors are paying for expected future fee flows rather than current deposits alone.

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. Feb 25, 2022
   Listed on DeFiLlama

Nereus 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 Avalanche. The codebase has been independently audited (1 report on file).

Nereus Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($5.6M) currently exceeds total value locked ($81.1K) — a mcap/TVL ratio of 69.29 suggests the market is pricing in more growth than current deposits support.

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

Nereus 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 Nereus 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%