Snake Finance (SNAKE)

Total Value Locked$11,393

Chain Breakdown
Sonic	$11.39k

Include in TVL (optional)
Pool2	$9.39m
Staking	$1.64m

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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

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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).

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Competitors

Mento ($70.98m)SPOT Cash ($8.18m)Frax ($4.46m)DefiDollar DAO ($2.32m)Sigmausd ($1.74m)Frax FPI ($641.52k)Ostable ($387.52k)Algomint ($346.5k)Basis Cash ($272.22k)Dopple Finance ($152.82k)