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Yield Farming App Raises $12M TVL 2 Weeks After Cointelegraph Launch

© Reuters.

A new yield farming app called Origin Ether has accumulated According to data from blockchain analytics platform DefiLlama, the Total Value Locked (TVL) exceeded $12 million just 14 days after launch. TVL is a metric that measures the dollar value of assets within an app’s smart contracts.

The total value of Origin Ether is locked from May 9th to May 30th. Source: Defillama

According to a representative of the development team, the app was launched on May 16th. Data from DefiLlama shows the app already had $793,000 in its contracts before launch, which may have been provided by team members or other early partners.

Read more on Coin Telegraph

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