Ratio 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.

To obtain the Ratio Finance TVL we make on-chain calls

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

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jun 19, 2022
   Listed on DeFiLlama
2. Feb 7, 2023
   Announcement to move from Ratio to PHNX

Ratio 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 on Solana. DeFiLlama tracks 1 historical event for this protocol since 2023.

Ratio Finance is a single-chain protocol, deployed exclusively on Solana — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Coingecko); an outage or manipulation of that feed would propagate into every market the protocol prices.

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

Ratio 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 Ratio 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%