Penguin Finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Penguin Finance's governance or utility token carries a market capitalisation of 44,2 k $US based on circulating supply at the latest DeFiLlama snapshot. Token market cap (44,2 k $US) and TVL (98,5 k $US) trade close together, giving a mcap/TVL multiple of 0.45× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further 13,2 k $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.

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

Penguin Finance is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Avalanche, Avalanche-staking, staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap (44,2 k $US) and TVL (98,5 k $US) trade at a ratio of 0.45, in the range generally considered normal for an established DeFi protocol.

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

Penguin 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 5,2 Md $US in deposits, giving you a frame of reference for whether Penguin Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2,3 Md $US · 24h +0.37%

Spark Savings

TVL 1,4 Md $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%