A brand new yield farming app referred to as Origin Ether has collected over $12 million in whole worth locked (TVL) simply 14 days after launch, based on knowledge from blockchain analytics platform DefiLlama. TVL is a metric that measures the greenback worth of belongings in an utility’s good contracts.
The app was launched on Might 16, based on a consultant of the event workforce. Knowledge from DefiLlama exhibits that the app already had $793,000 locked into its contracts earlier than launch, which workforce members or different early companions might have offered.
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