The bullish sentiment for options is very high, and more people and retail investors have smelled the scent of a bull market. However, the TVL ratios of these projects in the staking market are seriously underestimated, resulting in a huge amount of staking in the market but mismatched market prices.

What is a market ratio?

Market value / pledge amount = ratio. Generally speaking, the DeFi ecosystem has pledge amount data, and this pledge amount is not necessarily calculated in the market value. However, the basic standard for considering a project will also start with the pledge amount. However, the ratio does not necessarily lead to an increase in the price of the main circulating tokens. The empowerment and application methods of the native tokens are still the biggest reasons.

instadapp（INST）

Instadapp is a DeFi portal that aggregates major DeFi protocols using a smart wallet layer and bridge contracts to make complex cross-protocol transactions simple and seamless.

Token INST, pledged amount 2.07 billion US dollars, market value 25.1 million US dollars, ratio 0.012

tornado Cash（TORN）

Tornado Cash is a decentralized and non-custodial privacy solution. Tornado Cash improves transaction privacy by breaking the on-chain link between source and destination addresses. It uses smart contracts to accept deposits of ETH and other tokens from one address and allow them to be withdrawn from a different address.

TORN token, pledged amount is $276.5 million, market value is $15.47 million, and the ratio is 0.05

BendDAO（BEND）

BendDAO is an NFT liquidity protocol that supports instant NFT-backed loans, collateral listings, and NFT down payments. NFT holders can use NFTs as collateral to borrow ETH through lending pools, while depositors provide ETH liquidity to earn interest. Leveraged NFT trading is built on top of NFT-backed instant loans.

Token BEND, pledged amount $99.32 million, market value $1.64 million, ratio 0.016

Origin Dollar Governance（OGV）

Origin Ether is a yield aggregator for participating in Ethereum staking pools and LP strategies. It uses platforms such as Convex and Curve, and plans to integrate with other AMMs to provide opportunities for higher returns.

Market value $7.49 million, staked $106.1 million, ratio 0.07

JustLend（JST）

JustLend is a TRON-based token market protocol that aims to establish funding pools whose interest rates are determined by an algorithm based on the supply and demand of TRON assets.

Market value: $211 million, pledged: $3.0751 billion, ratio: 0.068

Venus Protocol（XVS）

Venus Protocol is a decentralized lending platform built on the BNB chain. At its core, Venus is a money market protocol that enables lenders to provide loans to generate yield in their tokens, while borrowers are able to obtain loans using $XVS and various other currencies as collateral.

Market value: $68.24 million, pledged: $692 million, ratio: 0.098

Lybra Finance（LBR）

Lybra Protocol is an interest-bearing stablecoin protocol powered by LSD that aims to bring stability to the volatile cryptocurrency world. A distinctive feature of Lybra Protocol is that users can earn regular stable income by holding minted (borrowed) eUSD, which is backed by LSD (Liquidity Staken Derivative) income generated from deposited ETH and stETH of. In other words, when a user deposits ETH or stETH and mints EUSD to them, they receive a stable income of approximately 5% in stETH, which is converted to EUSD through the protocol and distributed to them.

Market value: $11.81 million, pledged: $385 million, ratio: 0.03

Sonne Finance （SONNE）

Sonne Finance is an EVM-compatible lending protocol launched on Optimism. Sonne Finance provides a fully decentralized, transparent, and non-custodial peer-to-peer lending solution. Similar to (and based on) existing lending platforms such as Compound Finance and AAVE, users will be able to lend any supported asset on the platform and use their funds to borrow supported assets.

Market value: $7 million, staked: $40.62 million, ratio: 0.172

Velodrome (VELO)

Velodrome Finance is a trading and liquidity market that aims to become the liquidity base layer of the Optimism ecosystem. Velodrome Finance is an AMM adapted from Solidly. The team behind Velodrome Finance previously launched VeDAO

Market value: $16.24 million, pledged: $244.8 million, ratio: 0.066

No recommendations or comments are given on the above. Individuals should carefully choose their investment strategies.