How is TVL Calculated?
Updated over a week ago

The TVL you see on the Superform App comes directly from the listed contract address.

Some ERC-4626 vaults listed on Superform are adapters, so the TVL shown on the App might be less than the total TVL for the given vault.

  • For example, the Morpho Protocol's primary contract for their ETH-AaveV3-Optimizer has ~$700m TVL (Dec '23). Their ERC-4626 adapter, which routes the funds to the primary contract, only has 2 total deposits in it. Both are published by the Morpho team, but are just different ways of accessing the same yield.

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