what's yei finance?
Yei Finance is a decentralized, non-custodial money market protocol built on the Sei Network, enabling users to deposit assets for passive income, borrow through overcollateralized or flash loans, and manage financial risks with advanced tools. It supports a wide range of cryptocurrencies and leverages blockchain technology for secure, efficient, and transparent financial services. The project has expanded with YeiLend for lending, YeiSwap as a DualYield DEX, and Yeiliens as the leading NFT collection on Sei. Recently, Yei Finance launched Clovis Point, a liquidity abstraction layer for seamless cross-chain lending, swapping, and bridging to unify fragmented DeFi liquidity. Clovis operates on a hub-and-spoke model, allowing modular stacked yields across chains and VMs. The protocol has achieved over $600M in deposits at its all-time high and generated $6.6M in annualized revenue.
Yei finance ranks #5 EVM lending protocol by transaction count; $194k USDC.n supplied.
contract
sei-v2
binance-smart-chain
Ranks as the #5 EVM lending protocol of all time by transaction count.
Has approximately $194,000 of USDC.n supplied on the platform as of January 12, 2026.
xSolvBTC launches in the Main Market as Solv (the largest onchain BTC Treasury) expands its assets into the protocol.
Associated Yeiliens NFT up nearly 2x reaching 140K SEI volume, and protocol backs Rubicon Gems staking NFT project with Takara Lend and SailorFI.
The protocol captures 60% of SEI's DeFi TVL alongside Takara Lend, offering average yields of ~5.7%.
Project yet to complete Token Generation Event, with TGE anticipated in 2026 according to industry compilation.
Team launches Clovis all-in-one protocol in Q4 across 10 chains, accumulating over $2.3m in pre-deposits.
Partnership announced with XOCIETY (alongside The Fabricant and Pixelmon) to deliver digital fashion wearables and customization features in-game.
Oracle pricing error exploited to liquidate 9.5m of Stream Finance's sfastUSDC collateral for 0.0945 USDC, with exploited funds sold on DEXs. Yei Finance faces uncertainty in repaying USDC lenders.
Yei Finance generates over $1M in monthly recurring revenue (MRR), demonstrating significant economic activity within Sei's EVM ecosystem.
Reward distribution reached 1.34m $SEI ($208k USD) from October 30 to November 6, with the USDC vault accounting for 87% of total rewards.
$CLO achieves +497% all-time high run following airdrop. Clovis DEX receives B-Tier listing in Hyperliquid ecosystem's trading and yield category.
Yei Finance completes its Token Generation Event (TGE).
$CLO integrates Wormhole NTT technology for native multichain functionality on BNB Chain.
CLO posts 338% gain in BNB Chain recovery following Oct 10 market crash that erased 21.9% of market cap.
$CLO goes live on Binance Futures and lists on Binance Alpha. Farming opportunities are now available on TakaraLend and Symphony platforms.
The project experiences a 369% price surge, reaching a $630M fully diluted valuation.
$CLO spot trading and deposits go live on Yei Finance platform with 40K USDT in prizes including 10% deposit cashback and 100 USDT futures loss coverage.
Token deploys on BSC and lists on MEXC exchange on October 14.
The token experienced 4x price growth from $0.1 to $0.4 in less than 24 hours post-launch. $CLO trading is now live on KuCoin and Binance, reaching top traded coins by volume.
CLO lists on Binance Alpha on Tuesday, October 14.
Binance confirms CLO token listing on Binance Alpha and Binance Futures for October 14, 2025.
Total IDO purchase cap is set at 1,000,000 SEI for the October 10 $CLO token sale.
The TGE of $CLO, the liquidity hub token of the protocol, is scheduled for October 10 on SailorFi following closure of registration.
Sei DeFi Season 5 launches with $600k in rewards starting after October 3 when Season 4 ends, continuing APR boost incentives for Native USDC pools in Simple Yield.
Final registration deadline announced for the protocol's airdrop on Sei Network.
Clovis snapshot has been completed, marking a key milestone in the token distribution process.
YeiFinance achieves the best revenue-to-fee ratio in the Sei ecosystem, exceeding 34% alongside TakaraLend, demonstrating strong operational efficiency.
Wormhole becomes official crosschain provider while Clovis opens phase 4 pre-deposits.
Sei network TVL reached $688.4M on July 18, and YeiSwap launch has boosted platform activities alongside Clovis TVL bootstrapping.
Platform achieves $365.9M in TVL with 90.5% growth, contributing to Sei ecosystem's $609.4M total value locked.
$CLO TGE is imminent, designed as a cross-chain liquidity layer for yield stacking, with multiple eligibility pathways for participants across the ecosystem.
TGE registration opens with airdrop eligibility starting September 4 at 13:00 UTC; Clovis token (CLO) pre-deposit vault reopening next week.
Treasury-backed USDY stablecoin ($656M+ market cap) integrates with network, accessing 1M+ active wallets through native bridge support.
Canary and 21Shares file for SEI ETF while network implements Giga upgrade with parallel EVM capability.
Launches Clovis, a cross-chain clearing and settlement layer on Sei Network, targeting DeFi fragmentation.
Platform reaches $530M in total borrowing through YeiLend and $440.5M cumulative volume on YeiSwap, marking significant growth in ecosystem utilization.
Integrates with Circle's CCTP V2 protocol ($47B lifetime volume) for cross-chain USDC transfers alongside Stargate Finance and Portal Bridge.
84% of $271M TVL growth comes from fresh deposits rather than price appreciation, indicating strong organic adoption over 15-month period.
NFT collection hits all-time high in price and volume on Magic Eden amid increased accumulation activity.
Integrates fastUSD stablecoin, backed by BlackRock and Hamilton Lane, offering new yield opportunities through lending and liquidity pools.
Controls over 50% of Sei Network's TVL ($331.5M) and announces upcoming TGE
V2 launch introduces auto-converting deposits and public YeiSwap, while new airdrop program rewards users for farming points and collecting badges.
New yield farming program launches with $1.4M rewards pool over 60 days, requiring 25 USDC minimum deposit via Binance Wallet.
V2 platform upgrade released, marking significant protocol evolution.
Offers 14.32% APY on USDC lending, establishing competitive yield rates in Sei ecosystem.
Selected as Day 1 partner for native USDC and CCTP V2 integration on Sei Network, enabling cross-chain USDC transfers.
TVL drops 59% to $378M, marking significant reversal from July's peak of $934M.
Platform expanding stablecoin integration with USDC and first RWA-backed USDY.
TVL surges 51% to $934M within a week, securing position as leading protocol on SEI Network.
Upcoming token generation event (TGE) confirmed with airdrop potential through YeiSwap platform.
TVL doubles to $618M while launching new DEX protocol YeiSwap with $205M in borrowed assets.
Leads SEI Network ecosystem with highest Total Value Locked among all protocols
NFT collection mints out in under 1 minute with surging floor price and trading volume.
Active wallets show 88% YTD growth with 55k monthly users, but protocol faces challenges with 35% utilization rate and high user churn.
Protocol shows 88% increase in wallets with balances and 66% growth in active users, reaching 181k total interacting wallets.
New Binance Wallet partnership launches boosted APY event, increasing yields from 3.91% to 14.75% for SEI staking.
Ongoing Binance wallet partnership drives user onboarding while ranking among highest fee-generating protocols.
TVL surges 22% in past month, reaching $300M market cap as top lender on Sei Network.
Leading money market on SEI with $1.3M prize pool collaboration with Binance Wallet. Currently offering 16% APY on USDC.