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reed

Total Value Locked$1,977

TVL by Chain

Cardano$1,977

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Protocol Information

reed is a permissionless, immutable stablecoin protocol on Cardano — lock ADA, mint USDR. 1% one-off fee, zero interest, zero governance.

WebsiteGitHubX/Twitter
Category:CDP

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Indigo ($3.46m)Sky Lending ($5.26b)USDD ($1.2b)Liquity V1 ($166.41m)crvUSD ($135.82m)Liquity V2 ($92.49m)Lista CDP ($75.72m)Reservoir Protocol ($70.31m)Frankencoin ($59.26m)Inverse Finance FiRM ($33.68m)

reed history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 4, 2026 to Oct 27, 2026.

All-time high TVL: $101,304 on Aug 22, 2026. All-time low TVL: $1,864 on Sep 16, 2026.

Daily TVL, Sep 28, 2026 to Oct 27, 2026

DateTVL
Sep 28, 2026$2,444
Sep 29, 2026$2,343
Sep 30, 2026$2,362
Oct 1, 2026$2,426
Oct 2, 2026$2,394
Oct 3, 2026$2,393
Oct 4, 2026$2,360
Oct 5, 2026$2,597
Oct 6, 2026$2,594
Oct 7, 2026$2,584
Oct 8, 2026$2,468
Oct 9, 2026$2,270
Oct 10, 2026$2,366
Oct 11, 2026$2,383
Oct 12, 2026$2,414
Oct 13, 2026$2,235
Oct 14, 2026$2,303
Oct 15, 2026$2,205
Oct 16, 2026$2,223
Oct 17, 2026$2,177
Oct 18, 2026$2,134
Oct 19, 2026$2,140
Oct 20, 2026$2,095
Oct 21, 2026$2,161
Oct 22, 2026$2,159
Oct 23, 2026$2,052
Oct 24, 2026$2,043
Oct 25, 2026$2,022
Oct 26, 2026$1,978
Oct 27, 2026$1,974

TVL at each month end, Aug 2026 to Oct 2026

DateTVL
Aug 31, 2026$85,851
Sep 30, 2026$2,362
Oct 27, 2026 (latest)$1,974

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/reed

Frequently asked questions

What is reed's TVL?

As of Oct 27, 2026, reed has $1,977 in total value locked. TVL has decreased 19.2% over the past 30 days.

What chains does reed operate on?

reed operates on Cardano. Cardano holds the largest share at 100%.

How does reed's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, reed ranks #150 by TVL. The category holds $7.33b across 200 protocols, and reed accounts for <0.1% of that total. Similar protocols include Indigo, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, and Inverse Finance FiRM.