Preon 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.

Adds up the total value locked as collateral, as well as the AMO positions on Preon Finance

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

Preon Finance is published as a versioned release inside the Sphere 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.

Preon Finance 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. Aug 10, 2023
   Listed on DeFiLlama

Preon Finance is a CDP 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 Arbitrum, Polygon, Base. The codebase has been independently audited (1 report on file).

Preon Finance operates on 3 networks (Arbitrum, Polygon, Base), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Arbitrum, which holds 81% of all assets — other deployments are comparatively small. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

Preon Finance is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Preon Finance's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL $7.4B · 24h -0.04%

USDD

TVL $563.6M · 24h -12.33%

Lista CDP

TVL $422.5M · 24h -0.11%

Avalon USDa

TVL $403.7M · 24h -0.57%

Liquity V1

TVL $180.4M · 24h +0.29%

Reservoir Protocol

TVL $166.9M · 24h +15.44%