Ask about Raft · freeRaft(RAFT)
Total Value Locked$19,700
TVL by Chain
Ethereum$19,700
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Treasury$0
Majors$0
Stablecoins$0
Own Tokens$0
Others$0
Protocol Information
Raft is a DeFi protocol that lets you generate R by depositing liquid staking tokens (LSDs) as collateral, providing a capital-efficient way to borrow while keeping your staking rewards.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubTreasury: Value of tokens owned by the protocolHacks
Date: Nov 10, 2023
Amount: $3.3m
Classification: Token & Share Accounting
Technique: Infinite Mint
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Raft history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 24, 2023 to Oct 20, 2026.
All-time high TVL: $64.86m on Jul 5, 2023. All-time low TVL: $11,396 on Apr 9, 2025.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $22,015 |
| Sep 22, 2026 | $22,597 |
| Sep 23, 2026 | $22,881 |
| Sep 24, 2026 | $22,158 |
| Sep 25, 2026 | $22,123 |
| Sep 26, 2026 | $22,245 |
| Sep 27, 2026 | $22,208 |
| Sep 28, 2026 | $21,927 |
| Sep 29, 2026 | $21,999 |
| Sep 30, 2026 | $22,046 |
| Oct 1, 2026 | $22,259 |
| Oct 2, 2026 | $22,382 |
| Oct 3, 2026 | $22,164 |
| Oct 4, 2026 | $22,203 |
| Oct 5, 2026 | $22,557 |
| Oct 6, 2026 | $22,402 |
| Oct 7, 2026 | $21,581 |
| Oct 8, 2026 | $21,311 |
| Oct 9, 2026 | $20,489 |
| Oct 10, 2026 | $20,600 |
| Oct 11, 2026 | $20,697 |
| Oct 12, 2026 | $21,026 |
| Oct 13, 2026 | $19,993 |
| Oct 14, 2026 | $20,688 |
| Oct 15, 2026 | $19,464 |
| Oct 16, 2026 | $20,126 |
| Oct 17, 2026 | $20,027 |
| Oct 18, 2026 | $19,935 |
| Oct 19, 2026 | $19,904 |
| Oct 20, 2026 | $19,838 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $28,280 |
| Dec 31, 2024 | $26,265 |
| Jan 31, 2025 | $25,689 |
| Feb 28, 2025 | $18,245 |
| Mar 31, 2025 | $14,372 |
| Apr 30, 2025 | $14,336 |
| May 31, 2025 | $20,120 |
| Jun 30, 2025 | $20,133 |
| Jul 31, 2025 | $30,756 |
| Aug 31, 2025 | $35,704 |
| Sep 30, 2025 | $34,048 |
| Oct 31, 2025 | $30,801 |
| Nov 30, 2025 | $24,268 |
| Dec 31, 2025 | $24,163 |
| Jan 31, 2026 | $21,953 |
| Feb 28, 2026 | $15,716 |
| Mar 31, 2026 | $16,967 |
| Apr 30, 2026 | $18,533 |
| May 31, 2026 | $16,547 |
| Jun 30, 2026 | $13,019 |
| Jul 31, 2026 | $15,667 |
| Aug 31, 2026 | $20,028 |
| Sep 30, 2026 | $22,046 |
| Oct 20, 2026 (latest) | $19,838 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $295,505 |
| Dec 31, 2024 | $26,265 |
| Dec 31, 2025 | $24,163 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/raft
Frequently asked questions
What is Raft's TVL?
As of Oct 20, 2026, Raft has $19,700 in total value locked. TVL has decreased 9.2% over the past 30 days.
What chains does Raft operate on?
Raft operates on Ethereum. Ethereum holds the largest share at 100%.
How does Raft's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Raft ranks #110 by TVL. The category holds $7.744b across 198 protocols, and Raft accounts for <0.1% of that total. Other leading protocols include Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, BIMA CDP, and Inverse Finance Frontier.
Does Raft have a treasury?
Raft has a tracked treasury currently valued at $0.
Has Raft ever been exploited?
Raft has 1 recorded security incident. The most recent incident occurred on Nov 10, 2023 and involved $3.3m. It was classified as Token & Share Accounting.