Logo of reedreed
Total Value Locked$91,662.86

TVL by Chain

Cardano$91,662.86

Protocol Information

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

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Category:CDP

Methodology

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

Competitors

Indigo ($3.96m)Sky Lending ($5.444b)USDD ($1.254b)Lista CDP ($227.59m)Liquity V1 ($183.64m)crvUSD ($151.48m)Liquity V2 ($97.39m)Frankencoin ($82.6m)Reservoir Protocol ($73.73m)Felix CDP ($32.29m)

Frequently Asked Questions

What is reed's TVL?

reed currently has $91,662.86 in total value locked. TVL has increased 11.7% 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 #91 by TVL. The category holds $7.782b across 203 protocols, and reed accounts for <0.1% of that total. Other leading protocols include Indigo, Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Frankencoin, Reservoir Protocol, and Felix CDP.