Rings

Total Value Locked$56.35m

Chain Breakdown
Ethereum	$54.67m
Sonic	$1.68m

Include in TVL (optional)
Staking	$3.81m

USD ETH

Information

Protocol Information

Rings is a meta-stablecoin for USD & ETH offering competitive yield for stakers, providing deep liquidity for Sonic DeFi, and funding Sonic DeFi projects via its lockers.

Category: CDP

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Token Information

Methodology

TVL counts the tokens deposited in the boring vaults.

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Competitors

MakerDAO ($3.64b)Avalon USDa ($522.56m)Liquity V1 ($310.83m)crvUSD ($129.42m)fx Protocol ($75.51m)lisUSD ($399.17m)Beraborrow ($375.98m)Thorchain Lending ($151.78m)sDAI ($82.88m)Inverse Finance FiRM ($73.22m)