What exactly does TVL tell us? Don't worry, your class study monitor is here:
An asset may be counted more than once: deposit it into Protocol A and receive a receipt token, then deposit that token into Protocol B. Both protocols will include the asset in their TVL.
When comparing protocols, you can look at TVL alongside metrics such as fees, revenue, and active users. Looking at TVL alone can give you a skewed picture.
Learning this won't make me an expert overnight, but it can help me avoid a few basic mistakes.
$ETH 2545.42（+1.48%）
An asset may be counted more than once: deposit it into Protocol A and receive a receipt token, then deposit that token into Protocol B. Both protocols will include the asset in their TVL.
When comparing protocols, you can look at TVL alongside metrics such as fees, revenue, and active users. Looking at TVL alone can give you a skewed picture.
Learning this won't make me an expert overnight, but it can help me avoid a few basic mistakes.
$ETH 2545.42（+1.48%）