Ask about Defrost · freeDefrost(MELT)
Total Value Locked$82,553
TVL by Chain
Avalanche$82,553
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Protocol Information
Defrost Finance is a decentralized protocol that allows you to leverage yield-bearing Tokens or other pool tokens from Avalanche and cross-chain protocols as collaterals for generating H2O, a USD-pegged stablecoin.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Dec 24, 2022
Amount: $12m
Classification: Key Compromise
Technique: Private Key Compromised
Chains: Avalanche
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $6m
Competitors
Defrost history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 22, 2021 to Oct 20, 2026.
All-time high TVL: $95.97m on Feb 18, 2022. All-time low TVL: $350 on Nov 22, 2021.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $82,793 |
| Sep 22, 2026 | $82,776 |
| Sep 23, 2026 | $82,821 |
| Sep 24, 2026 | $82,647 |
| Sep 25, 2026 | $82,635 |
| Sep 26, 2026 | $82,726 |
| Sep 27, 2026 | $82,743 |
| Sep 28, 2026 | $82,761 |
| Sep 29, 2026 | $82,760 |
| Sep 30, 2026 | $82,843 |
| Oct 1, 2026 | $82,780 |
| Oct 2, 2026 | $82,788 |
| Oct 3, 2026 | $82,782 |
| Oct 4, 2026 | $82,844 |
| Oct 5, 2026 | $82,822 |
| Oct 6, 2026 | $82,853 |
| Oct 7, 2026 | $82,822 |
| Oct 8, 2026 | $82,811 |
| Oct 9, 2026 | $82,639 |
| Oct 10, 2026 | $82,728 |
| Oct 11, 2026 | $82,717 |
| Oct 12, 2026 | $82,820 |
| Oct 13, 2026 | $82,651 |
| Oct 14, 2026 | $82,710 |
| Oct 15, 2026 | $82,643 |
| Oct 16, 2026 | $82,639 |
| Oct 17, 2026 | $82,643 |
| Oct 18, 2026 | $82,613 |
| Oct 19, 2026 | $82,614 |
| Oct 20, 2026 | $82,575 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $82,140 |
| Dec 31, 2024 | $81,277 |
| Jan 31, 2025 | $81,263 |
| Feb 28, 2025 | $77,959 |
| Mar 31, 2025 | $79,457 |
| Apr 30, 2025 | $80,617 |
| May 31, 2025 | $80,816 |
| Jun 30, 2025 | $80,619 |
| Jul 31, 2025 | $82,197 |
| Aug 31, 2025 | $82,636 |
| Sep 30, 2025 | $82,734 |
| Oct 31, 2025 | $82,443 |
| Nov 30, 2025 | $82,181 |
| Dec 31, 2025 | $81,964 |
| Jan 31, 2026 | $81,578 |
| Feb 28, 2026 | $81,163 |
| Mar 31, 2026 | $81,346 |
| Apr 30, 2026 | $81,676 |
| May 31, 2026 | $81,854 |
| Jun 30, 2026 | $81,471 |
| Jul 31, 2026 | $81,564 |
| Aug 31, 2026 | $81,994 |
| Sep 30, 2026 | $82,843 |
| Oct 20, 2026 (latest) | $82,575 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $38.46m |
| Dec 31, 2022 | $91,077 |
| Dec 31, 2023 | $69,542 |
| Dec 31, 2024 | $81,277 |
| Dec 31, 2025 | $81,964 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/defrost
Frequently asked questions
What is Defrost's TVL?
As of Oct 20, 2026, Defrost has $82,553 in total value locked. TVL has decreased <0.1% over the past 30 days.
What chains does Defrost operate on?
Defrost operates on Avalanche. Avalanche holds the largest share at 100%.
How does Defrost's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Defrost ranks #89 by TVL. The category holds $7.741b across 198 protocols, and Defrost accounts for <0.1% of that total. Other leading protocols include Abracadabra Spell, QiDao, Angle, Parallel Protocol V3, Iron Finance, xDollar, Button Wrappers, TopShelf, Stabilize, and Teddy Cash.
Has Defrost ever been exploited?
Defrost has 1 recorded security incident. The most recent incident occurred on Dec 24, 2022 and involved $12m. It was classified as Key Compromise.