Ask about BAO Finance · freeTotal Value Locked$42,002
TVL by Chain
BSC$28,876
Gnosis$10,217
Polygon$2,430
Ethereum$479
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Active Loans$0
Protocol Information
Bao Finance is a decentralized, community-run project that uses synthetics to move the power of information from institutions to individuals
- PandaSwapDexs
- BAO SwapDexs
- Polly FinanceIndexes
- BAO MarketsLending
- BAO BallastCDP
- Panda ChefFarm
- BAO BasketsLeveraged Farming
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
BAO Finance history
TVL is the default DefiLlama definition, which excludes Pool2, Staking, and Active Loans. Daily values are UTC snapshots from Feb 17, 2021 to Nov 12, 2026.
All-time high TVL: $110.77m on May 4, 2021. All-time low TVL: $65 on Feb 17, 2021.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $220,685 |
| Oct 15, 2026 | $214,612 |
| Oct 16, 2026 | $216,188 |
| Oct 17, 2026 | $215,159 |
| Oct 18, 2026 | $206,388 |
| Oct 19, 2026 | $207,318 |
| Oct 20, 2026 | $209,809 |
| Oct 21, 2026 | $212,621 |
| Oct 22, 2026 | $217,074 |
| Oct 23, 2026 | $214,439 |
| Oct 24, 2026 | $46,953 |
| Oct 25, 2026 | $44,827 |
| Oct 26, 2026 | $44,556 |
| Oct 27, 2026 | $44,636 |
| Oct 28, 2026 | $45,055 |
| Oct 29, 2026 | $45,366 |
| Oct 30, 2026 | $43,477 |
| Oct 31, 2026 | $43,148 |
| Nov 1, 2026 | $43,024 |
| Nov 2, 2026 | $43,457 |
| Nov 3, 2026 | $42,769 |
| Nov 4, 2026 | $42,655 |
| Nov 5, 2026 | $43,720 |
| Nov 6, 2026 | $42,419 |
| Nov 7, 2026 | $42,455 |
| Nov 8, 2026 | $42,445 |
| Nov 9, 2026 | $41,963 |
| Nov 10, 2026 | $41,997 |
| Nov 11, 2026 | $41,482 |
| Nov 12, 2026 | $42,002 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.79m |
| Jan 31, 2025 | $2.82m |
| Feb 28, 2025 | $2.13m |
| Mar 31, 2025 | $1.97m |
| Apr 30, 2025 | $1.88m |
| May 31, 2025 | $2.26m |
| Jun 30, 2025 | $2.4m |
| Jul 31, 2025 | $3.06m |
| Aug 31, 2025 | $3.2m |
| Sep 30, 2025 | $3.24m |
| Oct 31, 2025 | $2.97m |
| Nov 30, 2025 | $2.44m |
| Dec 31, 2025 | $2.32m |
| Jan 31, 2026 | $268,530 |
| Feb 28, 2026 | $214,741 |
| Mar 31, 2026 | $210,314 |
| Apr 30, 2026 | $199,130 |
| May 31, 2026 | $212,339 |
| Jun 30, 2026 | $174,553 |
| Jul 31, 2026 | $183,381 |
| Aug 31, 2026 | $202,575 |
| Sep 30, 2026 | $226,638 |
| Oct 31, 2026 | $43,148 |
| Nov 12, 2026 (latest) | $42,002 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $4.46m |
| Dec 31, 2022 | $2.65m |
| Dec 31, 2023 | $2.68m |
| Dec 31, 2024 | $2.79m |
| Dec 31, 2025 | $2.32m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/bao-finance
Frequently asked questions
What is BAO Finance's TVL?
As of Nov 12, 2026, BAO Finance has $42,002 in total value locked. TVL has decreased 80.8% over the past 30 days.
What chains does BAO Finance operate on?
BAO Finance operates on 4 chains: Gnosis, Ethereum, Polygon, and BSC. BSC holds the largest share at 68.7%.
Which protocols are included in BAO Finance?
BAO Finance is a parent protocol whose tracked products include PandaSwap, BAO Swap, Polly Finance, BAO Markets, and BAO Ballast and 3 others.
How much has been borrowed through BAO Finance?
As of Nov 12, 2026, BAO Finance has $0 in active loans.