Add Beracana Protocol TVL on Berachain #14520
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The adapter at projects/beracana exports TVL: |
prasenjit-26
changed the title
projects/beracana/index.js
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| const { banks, vaults } = await getContracts(); | ||
| const tokens = banks.map(i => i.token) | ||
| const bankAddresses = banks.map(i => i.bank) | ||
| const currentFunds = await api.multiCall({ abi: 'function currentFunds() view returns (uint256)', calls: bankAddresses }) |
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can we use erc20:balanceOf rather than currentFunds() and totalFunds() ?
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Hey we can't use erc20:balanceOf directly because
currentFunds() returns the amount of funds available to borrow in the bank, while totalFunds() returns the total amount the bank controls: both the available funds plus the amount already lent out as debt.
Since funds are distributed across different vaults and not just held in the contract itself, there's no single balanceOf function that can accurately reflect the true total value locked (TVL). That’s why we need these custom functions—to get the full picture across all assets, not just what’s sitting in the contract.
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please export currentFunds() as tvl and the difference between totalFunds() and currentFunds() as borrowed
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Hey Our protocol has a utilization of 98% so the TVL would not be reflective of the actual value locked in the protocol.
There is way to do looping in our protocol because we only allow borrows that go into vaults within our own protocol.
We can either add the borrowed value to the TVL, or if you prefer, we can include the vaults in the TVL where the entirety of the borrowed amount resides.
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do the tokens sit in the vault contracts? what do the vaults do?
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the vaults convert tokens to lp for farming and auto compound the earned rewards
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okay lets try counting the vault assets instead
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Hey , sorry for the delay , pushed the changes let me know if this works .
Thanks
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The adapter at projects/beracana exports TVL: |
Name (to be shown on DefiLlama): Beracana
Twitter Link: https://x.com/beracana
List of audit links if any: https://app.beracana.com/beracana-audit.pdf
Website Link: https://beracana.com/
Logo (High resolution, will be shown with rounded borders): https://app.beracana.com/beracana.png
Current TVL: 16.36 k
Treasury Addresses (if the protocol has treasury)
Chain: Berachain
Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description (to be shown on DefiLlama):Beracana focuses on providing users with a way to amplify their gains while participating in the Berachain ecosystem. At its core, Beracana facilitates undercollateralized lending, meaning users can deposit assets and borrow more than the value of their initial deposit, up to 5x the leverage.
Token address and ticker if any:
Category (full list at https://defillama.com/categories) *Please choose only one: Leveraged Farming
Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):
Github org/user (Optional, if your code is open source, we can track activity): AuroBlocks-Studios