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Introduction to DeFiLlama

Table of Contents

What is DefiLlama? #

DefiLlama is a multi-chain TVL stats dashboard, where data connectors are contributed and maintained by a community. It is a website that shows the current price levels of decentralized finance (DeFi) cryptocurrencies.

As a website that shows the current price levels of DeFi cryptocurrencies, in 2021, more than 800 crypto and DeFi Protocols were recorded on DefiLlama, along with the native blockchains they use.

Changes in price within the last day and week, as well as the total locked value (TVL), which is the total amount of assets staking.

DefiLlama states that it is committed to accurate data without ads or sponsored content and transparency. It lists DeFi projects from all chains. It is the responsibility of respective communities to contribute and maintain DefiLlama’s adapters, with all changes coordinated through the DefiLlama/DefiLlama-Adapters Github repository.

Calling some endpoints or making a few blockchain calls to collect data on a protocol. This function calculates a protocol’s TVL. The SDK currently only supports EVM chains, so if your project is on any of these chains, you should develop an SDK adapter, whereas if your project is on another chain, a fetch adapter is the best option. With its adapter, you can get the token balances from your protocol’s smart contracts at a particular time based on a timestamp and block-height (on Ethereum).

DefiLlama is meant to work with the following users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, and Government. The platform even offers to invite new clients into its website.

DefiLlama integrates with many blockchains, protocols and decentralized services such as:

  • Aave
  • Arbitrum
  • Avalanche
  • Binance Smart Chain (BSC)
  • Celo
  • CoinGecko
  • Ethereum
  • Fantom
  • Fuse
  • Harmony
  • Instadapp
  • Polygon (Matic)
  • Solana
  • SushiSwap
  • Terra
  • Uniswap.

One Great features that DeFiLlama offers is to measure an entire market within each protocol. In the image above, we can see all NFT Markets in the chart with Opensea dominating all of its other competitors.

This goes not just for NFTs but for any DeFi project that is enlisted in DeFiLlama.

Conclusion: #

DeFiLlama is and still is becoming one of the best aggregators focused on measuring the Total-Value Locked (TVL) within each DeFi Protocol. We believe that DeFiLlama is one of the most essential and trusted tools on the web to follow through with each DeFi protocol. By utilizing their tools, you know which protocols and blockchains are becoming popular and how they handle on the rankings.

Updated on January 28, 2022
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Disclaimer: This is done with our best knowledge and effort, nothing can be known for certain – always DYOR and risk management. This is NOT financial advice. Use the information presented here to inform your own decisions. Referral links may be included on any outbound link.

  • What do the risk ratings mean?

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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  • How can I request for an update to my review?

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1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package - please contact @BaymaxCrypto on Telegram to discuss.