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Yield farming app accumulates $12M TVL 2 weeks after launch By Cointelegraph

MDT Receives $100M in Funding With a Market Cap of $30M

© Reuters.

A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts.

Origin Ether total value locked, May 9-30. Source: DefiLlama

The app was launched on May 16, according to a representative from the development team. DefiLlama data shows the app already had $793,000 locked inside its contracts before the launch, which team members or other early partners may have supplied.