Pencils 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.

Counts liquidty on the staking

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

Pencils Protocol's governance or utility token carries a market capitalisation of 4,5 k $US based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (4,5 k $US) above the protocol's on-chain TVL (35,2 $US) — a mcap/TVL multiple of 127.74× 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.

Événements majeurs signalés par la communauté DeFiLlama — lancements de protocole, exploits, changements de gouvernance et programmes d'incitations.

1. Apr 30, 2024
   Listé sur DeFiLlama

Pencils Protocol operates in the Farm category of DeFi. It is deployed on Scroll.

Pencils Protocol is a single-chain protocol, deployed exclusively on Scroll — this concentrates execution risk but simplifies the trust model. Its token market cap (4,5 k $US) currently exceeds total value locked (35,2 $US) — a mcap/TVL ratio of 127.74 suggests the market is pricing in more growth than current deposits support.

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

Pencils Protocol is one of 7 Farm protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Buzz Farming, Zircuit Staking, AILayer farm, and 3 more. These peer protocols collectively secure 651,6 M $US in deposits, giving you a frame of reference for whether Pencils Protocol's own TVL is at the top, middle, or tail of the category.

Buzz Farming

TVL 276,1 M $US · 24h +0.55%

Zircuit Staking

TVL 143,1 M $US · 24h -16.55%

AILayer farm

TVL 77,7 M $US · 24h +0.07%

Swell L2 Farm

TVL 75,5 M $US · 24h +0.74%

Hemi Staking

TVL 41,1 M $US · 24h +0.80%

Firelight

TVL 38,1 M $US · 24h -0.54%