Total value locked (TVL), i.e. assets under management, is the keystone metric in Ethereum’s young and rising decentralized finance, or DeFi, arena. Coming into 2020, lending protocol and Dai stablecoin-backer MakerDAO was DeFi’s reigning project with the largest TVL. But this year we’ve seen Maker flipped and projects like Compound and Aave acutely reaching into [...]
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