CIAN, a yield aggregator platform for the Ethereum ecosystem, experienced rapid growth in its total value locked (TVL), becoming one of the best-performing applications in decentralized finance (DeFi). CIAN’s TVL has skyrocketed from about $13 million two weeks ago to a record $194.5 million as of this writing, as shown by DefiLlama data.
The platform allows users to deposit multiple Ethereum-based tokens in its vaults and target annual percentage yield (APY) figures ranging from 2.54% to 22.76%. Supported tokens include liquid staking tokens (LSTs) like ezETH, rsETH, stETH, as well as uniBTC and FBTC. uniBTC is an LST offered by Bedrock, whose TVL surged to a record $686 million, as we reported earlier this week.
CIAN’s yield layer product was recently upgraded and DefiLlama listed it on November 18 with about $140 million in TVL, reflecting the sudden increase in its total liquid value. Deposits on the new app include FBTC, WETH, rsETH, and ezETH. FBTC and WETH together account for about 80% of the TVL.
CIAN itself reports a record TVL figure of nearly $900 million, although the reason for the discrepancy with DefiLlama is not clear. According to its own data, the stETH Yield Layer is the most popular yield product. It offers 12.04% APY plus multiple loyalty points and currently has over $400 million in TVL. The vault accepts deposits in stETH, WETH, and wstETH.
The platform’s yield aggregator product enables users to deposit the LSTs and other supported tokens, which are then distributed to multiple DeFi protocols, such as Aave, Compound, Lido, EigenLayer, or Uniswap, to generate the best returns that consist of liquidity provision interest, restaking rewards, loyalty points, and other streams. For example, the stETH vault targets staking, restaking, and liquidity provision yields.
CIAN also offers two additional products, CIAN Vaults and CIAN Automation, which together hold over $12 million in TVL and support several EVM-compatible networks.
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