88mph

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.

Using the addresses for the fixed interest rate bonds we are able to find the underlying tokens held in each address. Once we have the underlying token we then get the balances of each of the tokens. For the CRV tokens used "CRV:STETH" for example, the address is replaced with the address of one of the tokens. In the example at hand the address is replaced with the "WETH" address so that the price can be calculated.

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

88mph's governance or utility token carries a market capitalisation of 18,2 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (18,2 mil US$) is small relative to deposits secured by the protocol (399,2 mil US$); a mcap/TVL multiple of 0.05× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 604 US$ 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.

88mph 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 across 4 chains, including Ethereum, Fantom, Avalanche, Polygon. The codebase has been independently audited (1 report on file).

88mph operates on 4 networks (Ethereum, Fantom, Avalanche, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-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 (18,2 mil US$) is small relative to TVL (399,2 mil US$) — a mcap/TVL ratio of 0.05 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for 88mph — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

88mph 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 43,4 mil M US$ in deposits, giving you a frame of reference for whether 88mph's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL 26,2 mil M US$ · 24h +0.16%

Morpho V1

TVL 7035,6 M US$ · 24h +0.57%

JustLend

TVL 3412,9 M US$ · 24h +1.86%

Maple

TVL 2423,3 M US$ · 24h -1.17%

SparkLend

TVL 2235,3 M US$ · 24h +3.62%

Kamino Lend

TVL 2077,2 M US$ · 24h -0.02%