Penguin Finance
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Protocol TVL
About Penguin Finance
A third-generation yield farming project building on Avalanche
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Penguin Finance tokenomics and on-chain capital
Penguin Finance's governance or utility token carries a market capitalisation of $44.2K based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($44.2K) and TVL ($98.5K) trade close together, giving a mcap/TVL multiple of 0.45× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further $13.2K 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.
Security & Audits
Protocol Profile
Penguin Finance operates in the Yield category of DeFi. It is deployed on Avalanche. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Penguin Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Avalanche, Avalanche-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. Token market cap ($44.2K) and TVL ($98.5K) trade at a ratio of 0.45, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Penguin Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield protocols on Mantapex
Penguin 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 Penguin Finance's own TVL is at the top, middle, or tail of the category.
Recent Penguin Finance news
Latest reporting from major crypto news outlets covering Penguin Finance.
- The Cryptonomist
Is Pengu card the next step for Pudgy Penguins' real-world utility?
As crypto projects race to bridge Web3 and everyday finance, Pudgy Penguins is pushing ahead with its new Pengu card, targeting mainstream stablecoin spending. Pudgy Penguins has…
- Benzinga
Pudgy Penguins (PENGU) Lifts After Visa Debit Card Reveal: What You Should Know
The official cryptocurrency of Pudgy Penguins (PENGU) rose on Wednesday after the popular NFT collection teased a cryptocurrency debit card as part of its push into consumer…
- Crypto Economy
Best New Meme Coins to Buy Today: Ethereum Gains 7%, Pudgy Penguins Holds, Goatseus Maximum Charges, But Troller Cat Jumps 133%
Meme coins have carved out a powerful niche in digital finance. Ethereum surged nearly 7% in the past 24 hours, fueled by leadership changes at the Ethereum Foundation and renewed…
- Tokenpost
Canary Capital Files for Groundbreaking PENGU ETF, Pushing NFTs into Mainstream Finance
Canary Capital has officially submitted an Exchange-Traded Fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) for PENGU, the governance token of Pudgy…
- Invezz
Will crypto go back up as the Bitcoin and altcoins crash accelerate?
The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and…
- Benzinga
Bitcoin, Gold And Pudgy Penguins Stir The Market: This Week In Crypto
The past week has been a rollercoaster ride in the financial world, with Bitcoin (CRYPTO: BTC), gold, and even Pudgy Penguins making headlines. From Jim Cramer‘s Bitcoin…
- Blockonomi
Why Penguin Solutions (PENG) Stock Is Dropping Despite Bullish Price Target Increases
Penguin Solutions (PENG) shares currently trade at $44.14, marking a 133% surge over the past twelve months and hovering close to the 52-week peak of $46.75. Yet despite this…
- Blockonomi
Penguin Solutions (PENG) Stock Rockets 13% on AMD Deal and Upgraded Revenue Forecast
Shares of Penguin Solutions (PENG) climbed 13.47% on May 10, closing at $44.23, following the disclosure of a tripartite collaboration with AMD and Shell designed to enhance…
Related protocols
Other DeFi protocols connected to Penguin Finance by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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