Single Finance

Single Finance is a three-chain leveraged-farming system, not a Cronos-only protocol. Its strategies borrow from Single lending pools, combine supplied and borrowed assets into LP positions and expose equity to utilization, debt-ratio liquidation and DEX inventory. DefiLlama measured $125,733 across Cronos, Arbitrum and Fantom on 2026-08-16. Because live Arbitrum exposure disproves the former rejected-chain premise, the version-1 leveraged-looping dossier is the exact fundamental rejection; verdict and cap remain zero.

Review triggers: events that reopen the verdict
• An exact unlevered product removes borrowing and liquidation from the client payoff and passes its own product-level review
• Exact farm, lending-pool, debt, utilization, liquidation, oracle, bot, authority, audit and incident evidence is current and a proposed-size stressed close repays all debt without forced liquidation

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 and corrected perimeter

Single documents Strategies, Leveraged Yield Farming, Locked Staking and Lending Pools. A farmer supplies either or both pool assets, borrows undercollateralized assets from protocol lending pools and adds the combined amount to a DEX LP. Its official product and lending pages list Cronos, Arbitrum and Fantom, while the current survey attributes nonzero balances to all three. Cronos-only rejected-chain treatment was therefore factually false.

Leverage, liquidation and control

Debt accrues utilization-based interest and liquidation occurs when debt value divided by position value crosses the pair threshold. Published examples include up to 5x positions and thresholds from 70% to 92.5%; Arbitrum examples use 3x and 83.33%. The capital-protection bot is an execution control rather than a guarantee: liquidation can occur first and the mechanism depends on bots, DEX swaps, lending-pool cash and price inputs.

Lifecycle, accounting and exit

DefiLlama reported $125,733 on 2026-08-16, primarily Cronos with smaller Arbitrum and Fantom balances plus separately labelled staking and pool2 amounts. Closing a farm first repays debt, may remove LP inventory and swap into a selected asset; partial exits must retain minimum equity. A lender’s ibToken exit separately depends on unborrowed pool liquidity, so aggregate TVL does not prove proposed-size withdrawal capacity.

Comparison and measurable reopening test

Unlike a direct unlevered LP, Single adds borrowed principal, utilization-sensitive costs, liquidation and automation. Unlike direct lending, the farming borrower exposes capital to paired inventory and DEX execution. Reopen only for an exact chain, farm and lending pair with verified contracts, roles, oracle and bot controls, debt and utilization history, audit and incident record, and a proposed-size close that repays all debt under stressed prices and liquidity.

Class rule

The leveraged looping class is outside the approved structures, so every protocol in it is not approved until the rule changes. The rule is about the structure, not an adverse finding about this protocol, and it is not a client instruction. The events that would reopen it are listed with the memo.

Sources

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

• Single Finance Docs — multichain product overview · primary · accessed 2026-08-16
  Supports: Cronos, Arbitrum, Fantom, strategies, leveraged farming
• Single Finance Docs — leveraged yield farming · primary · accessed 2026-08-16
  Supports: borrowing, LP creation, under-collateralized loan, interest, position accounting
• Single Finance Docs — liquidation · primary · accessed 2026-08-16
  Supports: debt ratio, liquidation threshold, maximum leverage, Arbitrum pools, liquidation fee
• Single Finance Docs — lending and ibTokens · primary · accessed 2026-08-16
  Supports: three-chain lending, ibTokens, utilization, interest-bearing claim, asset perimeter
• Single Finance Docs — closing a leveraged position · primary · accessed 2026-08-16
  Supports: deleveraging, withdrawal modes, DEX swap, partial exit, minimum equity
• DefiLlama — Single Finance survey record · secondary · accessed 2026-08-16
  Supports: $125,733 TVL, Cronos, Arbitrum, Fantom, leveraged-farming category

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.