Pine Protocol

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.

value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowed

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

Pine Protocol's governance or utility token carries a market capitalisation of 358,8 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (358,8 mil US$) above the protocol's on-chain TVL (18,9 mil US$) — a mcap/TVL multiple of 19.02× 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.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Feb 21, 2023
   Listado en DeFiLlama

Pine Protocol is a NFT 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 2 chains, including Ethereum, Polygon.

Pine Protocol operates on 2 networks (Ethereum, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (borrowed, Ethereum-borrowed, Ethereum), so a fault on any one of them would affect a large slice of users. Its token market cap (358,8 mil US$) currently exceeds total value locked (18,9 mil US$) — a mcap/TVL ratio of 19.02 suggests the market is pricing in more growth than current deposits support.

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

Pine Protocol is one of 7 NFT Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Blur Lending, Bitty, Gondi V3, and 3 more. These peer protocols collectively secure 3,4 M US$ in deposits, giving you a frame of reference for whether Pine Protocol's own TVL is at the top, middle, or tail of the category.

Blur Lending

TVL 1,3 M US$ · 24h +0.62%

Bitty

TVL 546,5 mil US$ · 24h +0.56%

Gondi V3

TVL 526,9 mil US$ · 24h +0.73%

JPEG'd

TVL 499,7 mil US$ · 24h +0.67%

Arcade.xyz

TVL 334,9 mil US$

Sharky

TVL 178,2 mil US$ · 24h +6.22%