Ask about Hedgehog · freeHedgehog(HEDGEHOG)
Total Value Locked$14,284
TVL by Chain
Ethereum$14,284
Key Metrics
Total Raised$1.5m
Mar 6, 2024$1.5mRound: Pre-SeedInvestors: Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas, Nothing Research, Vasiliy Shapovalov, Banteg, Ivangbi
Protocol Information
An automated strategy that earns ETH, by providing liquidity for the Uniswap V3 and hedging its impermanent losses with Squeeth.
Methodology
TVL: Counts the amount of wETH, USDC & oSQTH in the strategy-controlled pools and treasuryView code on GitHubCompetitors
Hedgehog history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 2, 2022 to Oct 28, 2026.
All-time high TVL: $309,725 on Jan 10, 2023. All-time low TVL: $11 on Oct 3, 2022.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $28,695 |
| Sep 30, 2026 | $28,802 |
| Oct 1, 2026 | $28,929 |
| Oct 2, 2026 | $29,235 |
| Oct 3, 2026 | $28,880 |
| Oct 4, 2026 | $28,962 |
| Oct 5, 2026 | $29,416 |
| Oct 6, 2026 | $29,215 |
| Oct 7, 2026 | $16,367 |
| Oct 8, 2026 | $15,599 |
| Oct 9, 2026 | $15,043 |
| Oct 10, 2026 | $15,123 |
| Oct 11, 2026 | $15,188 |
| Oct 12, 2026 | $15,446 |
| Oct 13, 2026 | $15,055 |
| Oct 14, 2026 | $15,223 |
| Oct 15, 2026 | $14,673 |
| Oct 16, 2026 | $14,795 |
| Oct 17, 2026 | $14,719 |
| Oct 18, 2026 | $14,706 |
| Oct 19, 2026 | $14,685 |
| Oct 20, 2026 | $14,521 |
| Oct 21, 2026 | $14,884 |
| Oct 22, 2026 | $14,840 |
| Oct 23, 2026 | $14,611 |
| Oct 24, 2026 | $14,385 |
| Oct 25, 2026 | $14,340 |
| Oct 26, 2026 | $14,040 |
| Oct 27, 2026 | $14,124 |
| Oct 28, 2026 | $14,231 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $38,749 |
| Dec 31, 2024 | $36,116 |
| Jan 31, 2025 | $35,029 |
| Feb 28, 2025 | $24,823 |
| Mar 31, 2025 | $19,507 |
| Apr 30, 2025 | $19,479 |
| May 31, 2025 | $26,959 |
| Jun 30, 2025 | $26,980 |
| Jul 31, 2025 | $41,348 |
| Aug 31, 2025 | $47,967 |
| Sep 30, 2025 | $45,377 |
| Oct 31, 2025 | $41,225 |
| Nov 30, 2025 | $32,393 |
| Dec 31, 2025 | $32,083 |
| Jan 31, 2026 | $29,135 |
| Feb 28, 2026 | $20,775 |
| Mar 31, 2026 | $22,340 |
| Apr 30, 2026 | $24,476 |
| May 31, 2026 | $21,897 |
| Jun 30, 2026 | $17,168 |
| Jul 31, 2026 | $20,575 |
| Aug 31, 2026 | $26,114 |
| Sep 30, 2026 | $28,802 |
| Oct 28, 2026 (latest) | $14,231 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $214,396 |
| Dec 31, 2023 | $42,083 |
| Dec 31, 2024 | $36,116 |
| Dec 31, 2025 | $32,083 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hedgehog
Frequently asked questions
What is Hedgehog's TVL?
As of Oct 28, 2026, Hedgehog has $14,284 in total value locked. TVL has decreased 50.1% over the past 30 days.
What chains does Hedgehog operate on?
Hedgehog operates on Ethereum. Ethereum holds the largest share at 100%.
How does Hedgehog's TVL compare to similar protocols?
Among Liquidity Manager protocols tracked by DefiLlama, Hedgehog ranks #44 by TVL. The category holds $237.62m across 69 protocols, and Hedgehog accounts for <0.1% of that total. Similar protocols include Arrakis Modular, Steer Protocol, ACryptoS, ICHI, Gamma, Baseline Protocol, Charm Finance V2, xToken, EZManager, and Charm Finance V1.