Snake Finance (SNAKE)

Total Value Locked$11,611

Chain Breakdown
Sonic	$11.61k

Include in TVL (optional)
Pool2	$8.45m
Staking	$1.54m

USD ETH

Hide Events

Information

Protocol Information

Snake Finance, an Algorithmic Stablecoin where 1 $SNAKE is equivalent to 1 $S. Algorithmic stablecoins are non-collateralized tokens designed to follow the price of their pegged asset, offering greater capital efficiency than traditional collateralized stablecoins

Category: Algo-Stables

Forked from:Tomb Finance

Website Twitter

Token Information

Address:sonic:0x...498eF6

Methodology

Pool2 deposits consist of SNAKE/S and GSNAKE/S LP tokens deposits while the staking TVL consists of the GSNAKEs tokens locked within the Masonry contract(0x5A5d34826ab31003F26F8A15e9B645803d85eA81).

Check the code

Competitors

Mento ($70.91m)SPOT Cash ($8.25m)Frax ($4.37m)DefiDollar DAO ($2.32m)Sigmausd ($1.73m)Frax FPI ($632.67k)Ostable ($384.96k)Algomint ($345.33k)Basis Cash ($272.21k)Dopple Finance ($152.61k)