Ask about Cooler Loans · freeTotal Value Locked$228.13m
TVL by Chain
Ethereum$228.13m
Key Metrics
Fees 30d$53,984
Fees 30d by chain
Ethereum$53,984
Fees 7d$12,904
Ethereum$12,904
Fees 24h$1,358
Ethereum$1,358
Cumulative Fees$803,336
Ethereum$803,336
Revenue 30d$53,984
Revenue 30d by chain
Ethereum$53,984
Revenue 7d$12,904
Ethereum$12,904
Revenue 24h$1,358
Ethereum$1,358
Cumulative Revenue$803,336
Ethereum$803,336
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Active Loans$133.98m
Protocol Information
Cooler Loans is Olympus DAO's native lending protocol. Borrowers deposit gOHM as collateral to borrow stablecoins at a fixed 0.5% APR.
Methodology
TVL: TVL is gOHM collateral locked in Cooler Loans (V1 Clearinghouse + V2 MonoCooler). Borrowed is outstanding stablecoin debt (USDS for V2, DAI for V1). Cooler Loans is Olympus DAO's native lending protocol offering fixed-rate, perpetual loans against gOHM collateral at 0.5% APR.View code on GitHubFees: Interest accrued on gOHM-backed loans in the MonoCooler (V2) contract. Calculated as avgDebt × interestAccumulatorRay delta over the period.View code on GitHubRevenue: 100% of Cooler Loan interest flows to the Olympus DAO treasury as protocol revenue.View code on GitHubHolders Revenue: View code on GitHubCompetitors
Cooler Loans history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Feb 21, 2026 to Oct 28, 2026.
All-time high TVL: $240.22m on Sep 8, 2026. All-time low TVL: $170.25m on Mar 31, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $235.84m |
| Sep 30, 2026 | $234.22m |
| Oct 1, 2026 | $237.5m |
| Oct 2, 2026 | $238.17m |
| Oct 3, 2026 | $237.15m |
| Oct 4, 2026 | $238.56m |
| Oct 5, 2026 | $237.73m |
| Oct 6, 2026 | $237.64m |
| Oct 7, 2026 | $237.45m |
| Oct 8, 2026 | $238.4m |
| Oct 9, 2026 | $235.96m |
| Oct 10, 2026 | $236.27m |
| Oct 11, 2026 | $235.54m |
| Oct 12, 2026 | $236.76m |
| Oct 13, 2026 | $233.41m |
| Oct 14, 2026 | $234.58m |
| Oct 15, 2026 | $232.99m |
| Oct 16, 2026 | $232.15m |
| Oct 17, 2026 | $231.32m |
| Oct 18, 2026 | $230.45m |
| Oct 19, 2026 | $231.3m |
| Oct 20, 2026 | $230.96m |
| Oct 21, 2026 | $232.49m |
| Oct 22, 2026 | $233.66m |
| Oct 23, 2026 | $230.47m |
| Oct 24, 2026 | $229.29m |
| Oct 25, 2026 | $228.8m |
| Oct 26, 2026 | $227.46m |
| Oct 27, 2026 | $227.68m |
| Oct 28, 2026 | $228.2m |
TVL at each month end, Feb 2026 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2026 | $190.77m |
| Mar 31, 2026 | $170.25m |
| Apr 30, 2026 | $181.14m |
| May 31, 2026 | $215.69m |
| Jun 30, 2026 | $181.73m |
| Jul 31, 2026 | $215.73m |
| Aug 31, 2026 | $229.1m |
| Sep 30, 2026 | $234.22m |
| Oct 28, 2026 (latest) | $228.2m |
Fees, revenue and holders revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2025 | $3,132 | $3,132 | $0 |
| Jun 2025 | $25,649 | $25,649 | $0 |
| Jul 2025 | $34,353 | $34,353 | $0 |
| Aug 2025 | $42,969 | $42,969 | $0 |
| Sep 2025 | $45,402 | $45,402 | $0 |
| Oct 2025 | $48,547 | $48,547 | $0 |
| Nov 2025 | $48,029 | $48,029 | $0 |
| Dec 2025 | $49,917 | $49,917 | $0 |
| Jan 2026 | $50,375 | $50,375 | $0 |
| Feb 2026 | $44,855 | $44,855 | $0 |
| Mar 2026 | $50,722 | $50,722 | $0 |
| Apr 2026 | $49,732 | $49,732 | $0 |
| May 2026 | $51,687 | $51,687 | $0 |
| Jun 2026 | $50,999 | $50,999 | $0 |
| Jul 2026 | $52,043 | $52,043 | $0 |
| Aug 2026 | $53,460 | $53,460 | $0 |
| Sep 2026 | $53,064 | $53,064 | $0 |
| Oct 2026 (to date) | $49,759 | $49,759 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cooler-loans
Frequently asked questions
What is Cooler Loans' TVL?
As of Oct 28, 2026, Cooler Loans has $228.13m in total value locked. TVL has decreased 3.5% over the past 30 days.
What chains does Cooler Loans operate on?
Cooler Loans operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Cooler Loans generated in fees and revenue?
Over the past 30 days, Cooler Loans generated $53,984 in fees. Of that, $53,984 was protocol revenue. Based on the trailing year, the annualized rate is $611,005 in fees and $611,005 in revenue.
How does Cooler Loans' TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Cooler Loans ranks #18 by TVL. The category holds $52.584b across 518 protocols, and Cooler Loans accounts for 0.4% of that total. Similar protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Aave V4, Fluid Lending, and Euler V2.
How much has been borrowed through Cooler Loans?
As of Oct 28, 2026, Cooler Loans has $133.98m in active loans.