Glossary · DeFi
Total value locked
Also: TVL
Total value locked, usually abbreviated TVL, is the dollar value of assets deposited in a protocol's contracts, used as a rough size measure that rises and falls with token prices as well as with deposits.
Related terms
- DeFi
- DeFi, short for decentralized finance, is the set of financial services built as public smart contracts on a blockchain, so that lending, trading and issuance run as code anyone can inspect and use without an account at an intermediary.
- Liquidity pool
- A liquidity pool is a smart contract holding reserves of two or more tokens that traders swap against at a price set by a formula, with the depositors earning a share of trading fees.
Stay informed
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.