xWin Finance

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

xWin Finance's governance or utility token carries a market capitalisation of $356.4K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($356.4K) is small relative to deposits secured by the protocol ($5.5M); a mcap/TVL multiple of 0.06× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further $266.7K 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. Jul 14, 2023
   Listed on DeFiLlama

xWin Finance is a Indexes — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 3 chains, including Binance, Arbitrum, Polygon. The codebase has been independently audited (1 report on file).

xWin Finance operates on 3 networks (Binance, Arbitrum, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 94% of its on-chain value sits on just three networks (Binance, Binance-staking, staking), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($356.4K) is small relative to TVL ($5.5M) — a mcap/TVL ratio of 0.06 is often read as the token being structurally undervalued versus the activity it secures.

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

xWin Finance is one of 7 Indexes protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Mantle Index Four Fund, Reserve Protocol, SoSoValue Indexes, and 3 more. These peer protocols collectively secure $532.1M in deposits, giving you a frame of reference for whether xWin Finance's own TVL is at the top, middle, or tail of the category.

Mantle Index Four Fund

TVL $141.4M · 24h +1.11%

Reserve Protocol

TVL $118.1M · 24h +0.11%

SoSoValue Indexes

TVL $96.9M · 24h +0.24%

Enzyme Finance

TVL $91.4M · 24h -0.28%

Bwatch

TVL $58.3M · 24h 0.00%

dHEDGE Vaults

TVL $26M · 24h +0.21%