DorkFi

DorkFi is a borrow-and-lend protocol on Algorand and Voi Network, two AVM-compatible chains. Suppliers earn rates driven by use of the pools while borrowers post collateral, and the system also supports overcollateralized WAD issuance. DefiLlama measured $204,264 of supplied base TVL on 2026-08-16, only 0.20% of the size floor used at the time. The separate $46,693 borrowed suffix is not additional supplied liquidity. DorkFi is below the size floor, so we will not open an individual review until it clears that floor. The file remains rejected because it lacks enough exit capacity.

Review triggers: events that reopen the verdict
• TVL sustained above the retired TVL threshold for 30 days

Watched nightly: a warning on its venues or files, or a cited document that changes, reopens the memo. The first confirmation is due 2026-11-15.

The research file

Mechanism applicability

DorkFi provides pooled onchain credit. Users supply assets for variable returns driven by demand and borrow against collateral. Its materials also describe isolated WAD borrowing pools and an overcollateralized asset that targets the dollar. Supplier returns therefore depend on borrower use of the pools, collateral values, oracle inputs and the success of liquidations.

Control and lifecycle applicability

The protocol is live on both Algorand and Voi Network. DorkFi’s legal disclosure says designated administrators or multisigs may now manage parameters, market settings and emergency pause functions. It says decentralized governance remains an intention. Those powers would create a material reliance on the administrators if DorkFi ever clears the size floor.

Exit applicability

DorkFi expressly warns that lender withdrawals can be delayed when pool liquidity is low or use is high. Borrowers face health-factor monitoring and liquidation of their collateral below the required thresholds. Calling the protocol non-custodial does not make supplied cash instantly available when borrowers have drawn it.

Why the dossier still applies

DefiLlama measured $204,264 of supplied base TVL on 2026-08-16: $109,653 on Algorand and $94,612 on Voi. The $46,693 borrowed suffix shows use of the pools, not extra pool capital. At 0.20% of the size floor used at the time, DorkFi is below the floor, so we will not open an individual review until it clears it. Reopen after supplied TVL stays above the size floor for 30 days. Then test cash available for withdrawal, oracle design, liquidations and admin powers.

Research status

This is a capacity-unproven record for DorkFi, not a quality rejection or approval. Reported TVL says how big the venue is, not what the client owns, who can change the rules, or how a position exits at a proposed size. The individual review opens when the protocol clears the size floor.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• DorkFi — protocol overview · primary · accessed 2026-08-16
  Supports: variable-rate supply, collateralized borrowing, WAD isolated pools
• DorkFi Docs — documentation application · primary · accessed 2026-08-16
  Supports: supply and borrow mechanics, withdrawal liquidity risk, administrator and multisig controls, health-factor liquidation
• DorkFi — live markets application · primary · accessed 2026-08-16
  Supports: live market lifecycle, Algorand and Voi markets, current user interface
• DorkFi — source-code organization · primary · accessed 2026-08-16
  Supports: published protocol repositories, implementation boundary, developer tooling
• DorkFi — mainnet launch notice · primary · accessed 2026-08-16
  Supports: Algorand and Voi launch, overcollateralized loans, liquidation-market rollout
• DefiLlama — DorkFi survey record · secondary · accessed 2026-08-16
  Supports: $204,264 supplied TVL, $46,693 borrowed suffix, Algorand and Voi perimeter

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.