Frequently Asked Questions

Answers to the most Frequently Asked Questions

1. What is DefiLlama?
   • DefiLlama is the largest TVL aggregator for DeFi (Decentralized Finance). Our data is fully open-source and maintained by a team of passionate individuals and contributors from hundreds of protocols. Our focus is on accurate data and transparency.
2. What is TVL?
   • Total Value Locked, or TVL, is the sum of the value of crypto assets that have been deposited by users to a protocol for the purpose of earning rewards or interest.
3. How does DefiLlama get TVL data?
   • Each project that is listed has an adapter/code that returns its TVL. Preference is given to protocols that make on-chain calls to return the TVL and these make up the majority, but some adapters use subgraphs or APIs. The adapters are all open-source, making the functions used to get the TVL available to everyone.
4. How is DefiLlama funded?
   • Previously DefiLlama was funded by self-funding, donations and grants. Currently defillama is mainly funded by kickbacks from aggregators used on LlamaSwap.
5. What is Pool2 TVL?
   • Pool2 refers to a type of farm that requires users to take exposure to native tokens issued by the protocol. It is a sort of “secondary pool” to incentivize farmers to continue holding on to the protocol's tokens, or to provide liquidity for these tokens, instead of selling them.