Borrowed coins are not included into TVL by default, to include them toggle Borrows. For more info on this click here.
Union Protocol (UNION)
Total Value Locked$312,596Â Â .csv
| Optimism | $208,429 |
|---|---|
| Ethereum | $82,579 |
| Arbitrum | $21,588 |
| Include in TVL (optional) | |
|---|---|
| $95,341 |
| $95,341 |
Protocol Information
A decentralized protocol for permissionless credit.
Category:Uncollateralized Lending
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.