Key Metrics
Fees 30d$0
Fees 30d by chain
Ethereum$0
Plasma$0
Fees 7d$0
Ethereum$0
Plasma$0
Fees 24h$0
Ethereum$0
Plasma$0
Cumulative Fees$20,584
Ethereum$15,989
Plasma$4,595
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
Plasma$0
Revenue 7d$0
Ethereum$0
Plasma$0
Revenue 24h$0
Ethereum$0
Plasma$0
Cumulative Revenue$15,325
Ethereum$11,896
Plasma$3,429
Collateral Liquidated 30d$0
Collateral Liquidated 30d by chain
Ethereum$0
Plasma$0
Collateral Liquidated 7d$0
Ethereum$0
Plasma$0
Collateral Liquidated 24h$0
Ethereum$0
Plasma$0
Cumulative Collateral Liquidated$0
Ethereum$0
Plasma$0
Protocol Information
Ebisu is a Stablecoin Credit Market. Using a CDP model, users are able to borrow ebUSD against BTC, ETH, and USD pegged assets at competitive, market-set interest rates. ebUSD holders can participate in these credit markets by providing liquidity to Stability Pools and DEXs, earning real yield from borrower interest and liquidation gains.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total interest, redemption fees paid by borrowers and liquidation profitView code on GitHubRevenue: Share of borrow interest to protocol if anyView code on GitHubCollateral Liquidated: Collateral seized from liquidated troves (sent to the stability pool, redistributed to other troves, and paid as gas compensation), excluding any surplus returned to the borrower, from TroveManager Liquidation events.View code on GitHubEbisu V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 14, 2025 to Oct 7, 2026.
All-time high TVL: $1.51m on Oct 7, 2025. All-time low TVL: $24,998 on Aug 22, 2026.
Daily TVL, Sep 8, 2026 to Oct 7, 2026
| Date | TVL |
|---|---|
| Sep 8, 2026 | $25,054 |
| Sep 9, 2026 | $25,059 |
| Sep 10, 2026 | $25,061 |
| Sep 11, 2026 | $25,063 |
| Sep 12, 2026 | $25,071 |
| Sep 13, 2026 | $25,073 |
| Sep 14, 2026 | $25,075 |
| Sep 15, 2026 | $25,080 |
| Sep 16, 2026 | $25,077 |
| Sep 17, 2026 | $25,085 |
| Sep 18, 2026 | $25,085 |
| Sep 19, 2026 | $25,094 |
| Sep 20, 2026 | $25,097 |
| Sep 21, 2026 | $25,102 |
| Sep 22, 2026 | $25,106 |
| Sep 23, 2026 | $25,110 |
| Sep 24, 2026 | $25,112 |
| Sep 25, 2026 | $25,116 |
| Sep 26, 2026 | $25,121 |
| Sep 27, 2026 | $25,123 |
| Sep 28, 2026 | $25,127 |
| Sep 29, 2026 | $25,130 |
| Sep 30, 2026 | $25,135 |
| Oct 1, 2026 | $25,137 |
| Oct 2, 2026 | $25,142 |
| Oct 3, 2026 | $25,146 |
| Oct 4, 2026 | $25,151 |
| Oct 5, 2026 | $25,153 |
| Oct 6, 2026 | $25,157 |
| Oct 7, 2026 | $25,161 |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $956,114 |
| Aug 31, 2025 | $1.31m |
| Sep 30, 2025 | $1.32m |
| Oct 31, 2025 | $1.05m |
| Nov 30, 2025 | $482,608 |
| Dec 31, 2025 | $701,270 |
| Jan 31, 2026 | $583,648 |
| Feb 28, 2026 | $481,111 |
| Mar 31, 2026 | $379,258 |
| Apr 30, 2026 | $237,701 |
| May 31, 2026 | $200,003 |
| Jun 30, 2026 | $55,234 |
| Jul 31, 2026 | $47,769 |
| Aug 31, 2026 | $25,028 |
| Sep 30, 2026 | $25,135 |
| Oct 7, 2026 (latest) | $25,161 |
Fees and revenue by UTC calendar month, Jun 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jun 2025 | $306 | $232 |
| Jul 2025 | $1,140 | $852 |
| Aug 2025 | $2,865 | $2,147 |
| Sep 2025 | $2,760 | $2,069 |
| Oct 2025 | $3,596 | $2,698 |
| Nov 2025 | $1,489 | $1,070 |
| Dec 2025 | $1,107 | $827 |
| Jan 2026 | $1,366 | $984 |
| Feb 2026 | $866 | $636 |
| Mar 2026 | $779 | $577 |
| Apr 2026 | $675 | $503 |
| May 2026 | $472.75 | $356.22 |
| Jun 2026 | $186.82 | $140.75 |
| Jul 2026 | $2,152 | $1,614 |
| Aug 2026 | $823.74 | $618.55 |
| Sep 2026 | $0 | $0 |
| Oct 2026 (to date) | $0 | $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/ebisu-v2
Frequently asked questions
What is Ebisu V2's TVL?
As of Oct 7, 2026, Ebisu V2 has $25,161 in total value locked. TVL has increased 0.4% over the past 30 days.
How much has Ebisu V2 generated in fees and revenue?
Over the past 30 days, Ebisu V2 generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $10,502 in fees and $7,764 in revenue.