Annex

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.

TVL is comprised of tokens deposited to the protocol as collateral, similar to Compound Finance and other lending protocols the borrowed tokens are not counted as TVL. Data is pull from the Annex API "https://api.annex.finance/api/v1/governance/annex".

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

Annex's governance or utility token carries a market capitalisation of 925,5 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (925,5 mil US$) above the protocol's on-chain TVL (3,7 mil US$) — a mcap/TVL multiple of 249.19× implies investors are paying for expected future fee flows rather than current deposits alone.

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.

Annex 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 3 chains, including Cronos, Binance, Kava. The codebase has been independently audited (1 report on file).

Annex operates on 3 networks (Cronos, Binance, Kava), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Cronos, Binance, Kava), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Band); 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 (925,5 mil US$) currently exceeds total value locked (3,7 mil US$) — a mcap/TVL ratio of 249.19 suggests the market is pricing in more growth than current deposits support.

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

Annex 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 Annex'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%