CIAN, a yield aggregator platform for the Ethereum ecosystem, skilled speedy progress in its whole worth locked (TVL), turning into one of many best-performing purposes in decentralized finance (DeFi). CIAN’s TVL has skyrocketed from about $13 million two weeks in the past to a report $194.5 million as of this writing, as proven by DefiLlama information.
The platform permits customers to deposit a number of Ethereum-based tokens in its vaults and goal annual proportion yield (APY) figures starting from 2.54% to 22.76%. Supported tokens embody liquid staking tokens (LSTs) like ezETH, rsETH, stETH, in addition to uniBTC and FBTC. uniBTC is an LST supplied by Bedrock, whose TVL surged to a report $686 million, as we reported earlier this week.
CIAN’s yield layer product was not too long ago upgraded and DefiLlama listed it on November 18 with about $140 million in TVL, reflecting the sudden enhance in its whole liquid worth. Deposits on the brand new app embody FBTC, WETH, rsETH, and ezETH. FBTC and WETH collectively account for about 80% of the TVL.
CIAN itself experiences a report TVL determine of practically $900 million, though the explanation for the discrepancy with DefiLlama shouldn’t be clear. In accordance with its personal information, the stETH Yield Layer is the preferred yield product. It gives 12.04% APY plus a number of loyalty factors and at present has over $400 million in TVL. The vault accepts deposits in stETH, WETH, and wstETH.
The platform’s yield aggregator product allows customers to deposit the LSTs and different supported tokens, that are then distributed to a number of DeFi protocols, similar to Aave, Compound, Lido, EigenLayer, or Uniswap, to generate the most effective returns that include liquidity provision curiosity, restaking rewards, loyalty factors, and different streams. For instance, the stETH vault targets staking, restaking, and liquidity provision yields.
CIAN additionally gives two extra merchandise, CIAN Vaults and CIAN Automation, which collectively maintain over $12 million in TVL and help a number of EVM-compatible networks.
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