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Merlin(MERL)Deprecated protocol

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Protocol Information

Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return.

Category:Yield

Audits:

Methodology

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

Hacks

Date: May 26, 2021

Amount: $680,000

Classification: Protocol Logic

Technique: Reward Logic Flaw

Chains: BSC

Language: Solidity

Target Type: DeFi Protocol

Date: May 26, 2021

Amount: $550,000

Classification: Token & Share Accounting

Technique: Rounding Error

Chains: BSC

Language: Solidity

Target Type: DeFi Protocol

Date: Jun 29, 2021

Amount: $330,000

Classification: Token & Share Accounting

Technique: Arithmetic Error

Chains: BSC

Language: Solidity

Target Type: DeFi Protocol

Merlin history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 23, 2021 to Oct 12, 2023.

All-time high TVL: $186.54m on Jun 24, 2021. All-time low TVL: $61,693 on Jun 19, 2022.

Daily TVL, Aug 6, 2023 to Oct 12, 2023

DateTVL
Aug 6, 2023$0
Aug 7, 2023$0
Aug 8, 2023$0
Aug 9, 2023$0
Aug 10, 2023$0
Aug 11, 2023$0
Aug 12, 2023$0
Aug 13, 2023$0
Aug 14, 2023$0
Aug 15, 2023$0
Aug 16, 2023$0
Aug 17, 2023$0
Aug 18, 2023$0
Aug 19, 2023$0
Aug 20, 2023$0
Aug 21, 2023$0
Aug 22, 2023$0
Aug 23, 2023$0
Aug 24, 2023$0
Aug 25, 2023$0
Aug 26, 2023$0
Aug 27, 2023$0
Aug 28, 2023$0
Aug 29, 2023$0
Aug 30, 2023$0
Aug 31, 2023$0
Oct 9, 2023$0
Oct 10, 2023$0
Oct 11, 2023$0
Oct 12, 2023$0

TVL at each month end, Oct 2021 to Oct 2023

DateTVL
Oct 31, 2021$233,456
Nov 30, 2021$201,383
Dec 31, 2021$176,983
Jan 31, 2022$120,787
Feb 28, 2022$108,335
Mar 31, 2022$142,062
Apr 30, 2022$138,933
May 31, 2022$94,935
Jun 30, 2022$67,909
Jul 31, 2022$84,524
Aug 31, 2022$84,105
Sep 30, 2022$96,327
Oct 31, 2022$94,802
Nov 30, 2022$84,627
Dec 31, 2022$71,603
Jan 31, 2023$85,251
Feb 28, 2023$85,345
Mar 31, 2023$0
Apr 30, 2023$0
May 31, 2023$0
Jun 30, 2023$0
Jul 31, 2023$0
Aug 31, 2023$0
Oct 12, 2023 (latest)$0

TVL at each year end, Dec 31, 2021 to Dec 31, 2022

DateTVL
Dec 31, 2021$176,983
Dec 31, 2022$71,603

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

Frequently asked questions

What is Merlin's TVL?

As of Oct 12, 2023, Merlin has $0 in total value locked.

What chains does Merlin operate on?

Merlin operates on Binance.

Has Merlin ever been exploited?

Merlin has 3 recorded security incidents. The most recent incident occurred on Jun 29, 2021 and involved $330,000. It was classified as Token & Share Accounting.