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CIAN, a yield aggregator platform for the Ethereum ecosystem, skilled speedy development in its whole worth locked (TVL), turning into one of many best-performing functions 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 embrace 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 lately 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 embrace FBTC, WETH, rsETH, and ezETH. FBTC and WETH collectively account for about 80% of the TVL.
CIAN itself reviews a report TVL determine of almost $900 million, though the explanation for the discrepancy with DefiLlama isn’t 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 presently has over $400 million in TVL. The vault accepts deposits in stETH, WETH, and wstETH.
The platform’s yield aggregator product permits customers to deposit the LSTs and different supported tokens, that are then distributed to a number of DeFi protocols, equivalent to Aave, Compound, Lido, EigenLayer, or Uniswap, to generate one of the best 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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