APY 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.

The TVL for APY.Finance can be found in three contract addresses. Each address corresponds to the type of token that can be deposited, DAI, USDC, and USDT. After having the balance for each address, they are simply added together to get the total TVL.

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

APY Finance's governance or utility token carries a market capitalisation of 35,3 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (35,3 mil US$) is small relative to deposits secured by the protocol (414 mil US$); a mcap/TVL multiple of 0.09× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

APY Finance operates in the Yield category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

APY Finance is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. 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 (35,3 mil US$) is small relative to TVL (414 mil US$) — a mcap/TVL ratio of 0.09 is often read as the token being structurally undervalued versus the activity it secures.

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

APY Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure 5191,2 M US$ in deposits, giving you a frame of reference for whether APY Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2269,9 M US$ · 24h +0.37%

Spark Savings

TVL 1419,4 M US$ · 24h +0.35%

Convex Finance

TVL 722,7 M US$ · 24h +0.66%

Multipli.fi

TVL 342,7 M US$ · 24h -0.01%

Strata Markets

TVL 259,5 M US$ · 24h +0.70%

infiniFi

TVL 177 M US$ · 24h +1.74%