Calculation Methodology

Total Value Locked

Total Value Locked (TVL) is a common metric within DeFi. It measures the total value of the capital invested into a protocol at a current time. For Bagels Finance, we count the following elements within our TVL:

  1. Value of total LP locked in leverage

  2. Total lending supply（except the lent）

  3. Value of BAGEL locked in DAO

  4. Value of BAGEL/BUSD staked

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