Ask about Sherpa · freeProtocol Information
A managed multi-chain yield vault generating returns on USDC through delta-neutral strategies including positive carry capture, basis trading, volatility hedging, and other strategic arbitrage opportunities.
Audits:
Methodology
TVL: TVL is calculated as the sum of totalStaked (USDC earning yield) and totalPending (USDC awaiting next round) in the SherpaVault contracts across all chains.View code on GitHubYields
Pools Tracked1
Average Supply APY8.9%
Competitors
Sherpa history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 29, 2025 to Oct 28, 2026.
All-time high TVL: $769,296 on May 21, 2026. All-time low TVL: $450,097 on Jul 3, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $480,709 |
| Sep 30, 2026 | $480,785 |
| Oct 1, 2026 | $480,869 |
| Oct 2, 2026 | $481,029 |
| Oct 3, 2026 | $481,178 |
| Oct 4, 2026 | $481,285 |
| Oct 5, 2026 | $481,500 |
| Oct 6, 2026 | $481,505 |
| Oct 7, 2026 | $481,588 |
| Oct 8, 2026 | $481,713 |
| Oct 9, 2026 | $481,654 |
| Oct 10, 2026 | $481,830 |
| Oct 11, 2026 | $482,045 |
| Oct 12, 2026 | $482,040 |
| Oct 13, 2026 | $482,182 |
| Oct 14, 2026 | $482,345 |
| Oct 15, 2026 | $482,392 |
| Oct 16, 2026 | $482,001 |
| Oct 17, 2026 | $482,121 |
| Oct 18, 2026 | $482,221 |
| Oct 19, 2026 | $482,455 |
| Oct 20, 2026 | $472,591 |
| Oct 21, 2026 | $472,528 |
| Oct 22, 2026 | $472,691 |
| Oct 23, 2026 | $472,642 |
| Oct 24, 2026 | $472,835 |
| Oct 25, 2026 | $473,013 |
| Oct 26, 2026 | $473,170 |
| Oct 27, 2026 | $473,104 |
| Oct 28, 2026 | $473,105 |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $604,553 |
| Dec 31, 2025 | $648,039 |
| Jan 31, 2026 | $654,423 |
| Feb 28, 2026 | $579,480 |
| Mar 31, 2026 | $483,413 |
| Apr 30, 2026 | $580,197 |
| May 31, 2026 | $675,784 |
| Jun 30, 2026 | $450,707 |
| Jul 31, 2026 | $453,842 |
| Aug 31, 2026 | $476,956 |
| Sep 30, 2026 | $480,785 |
| Oct 28, 2026 (latest) | $473,105 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sherpa
Frequently asked questions
What is Sherpa's TVL?
As of Oct 28, 2026, Sherpa has $473,128 in total value locked. TVL has decreased 1.5% over the past 30 days.
What chains does Sherpa operate on?
Sherpa operates on 3 chains: Ethereum, Base, and Monad. Ethereum holds the largest share at 99.2%.
How does Sherpa's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, Sherpa ranks #44 by TVL. The category holds $9.346b across 85 protocols, and Sherpa accounts for <0.1% of that total. Similar protocols include Veda, Upshift, Lagoon, IPOR Fusion, Spark Liquidity Layer, Grove Finance, Mellow Core, Aera V3, Lombard Vaults, and Aera V2.
How many yield pools does Sherpa have?
DefiLlama tracks 1 Sherpa yield pool with an average APY of 8.9%.