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Kestrel turns DeFi strategies into tokens on Solana. Users deposit an asset, receive a yield-bearing token, and redeem it later at the on-chain redemption price
Methodology
TVL: TVL is the net value of every Long Yield Carry vault: collateral held idle and deposited in lending platforms (Kamino/Marginfi) minus the stable debt borrowed against it plus the redeployed yield position.View code on GitHubCompetitors
Kestrel history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 14, 2026 to Oct 28, 2026.
All-time high TVL: $469,667 on Oct 12, 2026. All-time low TVL: $43,370 on Aug 15, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $397,946 |
| Sep 30, 2026 | $400,339 |
| Oct 1, 2026 | $401,899 |
| Oct 2, 2026 | $416,599 |
| Oct 3, 2026 | $449,826 |
| Oct 4, 2026 | $449,513 |
| Oct 5, 2026 | $457,094 |
| Oct 6, 2026 | $462,776 |
| Oct 7, 2026 | $467,243 |
| Oct 8, 2026 | $451,278 |
| Oct 9, 2026 | $440,259 |
| Oct 10, 2026 | $446,773 |
| Oct 11, 2026 | $449,624 |
| Oct 12, 2026 | $469,667 |
| Oct 13, 2026 | $448,604 |
| Oct 14, 2026 | $461,061 |
| Oct 15, 2026 | $443,325 |
| Oct 16, 2026 | $441,757 |
| Oct 17, 2026 | $441,397 |
| Oct 18, 2026 | $422,593 |
| Oct 19, 2026 | $458,892 |
| Oct 20, 2026 | $443,191 |
| Oct 21, 2026 | $452,341 |
| Oct 22, 2026 | $453,897 |
| Oct 23, 2026 | $441,814 |
| Oct 24, 2026 | $438,831 |
| Oct 25, 2026 | $438,753 |
| Oct 26, 2026 | $436,653 |
| Oct 27, 2026 | $434,944 |
| Oct 28, 2026 | $439,593 |
TVL at each month end, Aug 2026 to Oct 2026
| Date | TVL |
|---|---|
| Aug 31, 2026 | $149,585 |
| Sep 30, 2026 | $400,339 |
| Oct 28, 2026 (latest) | $439,593 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/kestrel
Frequently asked questions
What is Kestrel's TVL?
As of Oct 28, 2026, Kestrel has $444,073 in total value locked. TVL has increased 8.8% over the past 30 days.
What chains does Kestrel operate on?
Kestrel operates on Solana. Solana holds the largest share at 100%.
How does Kestrel's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, Kestrel ranks #46 by TVL. The category holds $9.385b across 85 protocols, and Kestrel accounts for <0.1% of that total. Similar protocols include Upshift, Neutral Trade, Perena Vaults, Exponent Strategy Vaults, Kvants, FBYT, Knightrade, Spark Liquidity Layer, Veda, and Grove Finance.