Cian's Yield Aggregator sees a new high of $194 million TVL following an upgrade
In the rapidly evolving world of decentralized finance (DeFi), CIAN, a yield aggregator platform, has been making waves in the Ethereum ecosystem. As of now, CIAN's total value locked (TVL) stands at an impressive $194.5 million.
CIAN offers two main products: CIAN Vaults and CIAN Automation. Combined, these products hold over $12 million in TVL, although they have not been reported to have a specific TVL on any individual network.
CIAN allows users to deposit multiple Ethereum-based tokens, including liquid staking tokens like ezETH, rsETH, stETH, uniBTC, and FBTC. The stETH vault on CIAN targets staking, restaking, and liquidity provision yields.
The platform's yield aggregator product distributes deposited tokens to multiple DeFi protocols like Aave, Compound, Lido, EigenLayer, or Uniswap to generate returns consisting of liquidity provision interest, restaking rewards, loyalty points, and other streams.
The stETH Yield Layer, CIAN's most popular yield product, offers 12.04% APY plus multiple loyalty points and currently has over $400 million in TVL. This product accepts deposits in stETH, WETH, and wstETH.
It's worth noting that uniBTC, an LST offered by Bedrock, has a TVL of $686 million, as reported earlier this week. This figure surpasses the combined TVL of CIAN Vaults and CIAN Automation.
CIAN has also reported a record TVL figure of nearly $900 million, although the reason for the discrepancy with DefiLlama is not clear. The TVL of CIAN's yield layer product, as reported by DefiLlama, is about $140 million.
Furthermore, CIAN supports several EVM-compatible networks, and deposits on the new app include FBTC, WETH, rsETH, and ezETH. FBTC and WETH together account for about 80% of the TVL.
For more accurate and detailed insights about CIAN, it's recommended to check their official documentation, website, or trusted crypto analytics platforms.
- In the realm of decentralized finance (DeFi), the news of CIAN's yield aggregator product distribution to top DeFi protocols like Aave, Compound, Lido, EigenLayer, or Uniswap, ensuring best returns consisting of liquidity provision interest, restaking rewards, loyalty points, and other streams, has been generating much interest among investors.
- While uniBTC, an LST offered by Bedrock, currently boasts a staggering TVL of $686 million, as reported earlier this week, CIAN's most popular yield product, the stETH Yield Layer, still stands as a strong competitor with a TVL of over $400 million and an attractive APY of 12.04%.
