Total Value Locked$116.92m
TVL by Chain
Stellar$116.92m
Key Metrics
Fees 30d$257,876
Fees 30d by chain
Stellar$257,876
Fees 7d$54,052
Stellar$54,052
Fees 24h$6,898
Stellar$6,898
Cumulative Fees$4.99m
Stellar$4.99m
Revenue 30d$0
Revenue 30d by chain
Stellar$0
Revenue 7d$0
Stellar$0
Revenue 24h$0
Stellar$0
Cumulative Revenue$0
Stellar$0
Holders Revenue 30d$0
Holders Revenue 30d by chain
Stellar$0
Holders Revenue 7d$0
Stellar$0
Holders Revenue 24h$0
Stellar$0
Cumulative Holders Revenue$0
Stellar$0
Active Loans$34.64m
Protocol Information
Lending markets created with Blend.
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.. TVL is the on-chain token balances held by every pool deployed by the Blend V2 pool factory; borrowed is each reserve's outstanding debt (d_supply * d_rate).View code on GitHubFees: Interest paid by Blend v2 borrowers that goes to lenders.View code on GitHubRevenue: Blend v2 does not retain protocol revenue from pool borrow interest.View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked5
Average Supply APY2.41%
Hacks
Date: Feb 22, 2026
Amount: $10.97m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
On February 22, 2026, an attacker pumped Stellar's thin USTRY market from ~$1.06 to ~$106.74, inflating collateral values. Two transactions drained $10.97M (1M USDC + 61M XLM) from YieldBlox DAO's Blend V2 lending pool, exploiting the lack of liquidity checks and anomaly detection in the oracle.
Chains: Stellar
Target Type: DeFi Protocol
Competitors
Blend Pools V2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from May 21, 2025 to Nov 8, 2026.
All-time high TVL: $173.14m on Oct 1, 2026. All-time low TVL: $10.34m on Jun 6, 2025.
Daily TVL, Oct 10, 2026 to Nov 8, 2026
| Date | TVL |
|---|---|
| Oct 10, 2026 | $148.03m |
| Oct 11, 2026 | $149.01m |
| Oct 12, 2026 | $153.12m |
| Oct 13, 2026 | $144.18m |
| Oct 14, 2026 | $144.76m |
| Oct 15, 2026 | $138.26m |
| Oct 16, 2026 | $138.79m |
| Oct 17, 2026 | $137.6m |
| Oct 18, 2026 | $134.63m |
| Oct 19, 2026 | $135.5m |
| Oct 20, 2026 | $138.59m |
| Oct 21, 2026 | $142.34m |
| Oct 22, 2026 | $143.35m |
| Oct 23, 2026 | $136.77m |
| Oct 24, 2026 | $135.05m |
| Oct 25, 2026 | $134.02m |
| Oct 26, 2026 | $131.76m |
| Oct 27, 2026 | $131.65m |
| Oct 28, 2026 | $132.28m |
| Oct 29, 2026 | $132.83m |
| Oct 30, 2026 | $124.45m |
| Oct 31, 2026 | $132.46m |
| Nov 1, 2026 | $131m |
| Nov 2, 2026 | $129.73m |
| Nov 3, 2026 | $125.81m |
| Nov 4, 2026 | $124.11m |
| Nov 5, 2026 | $129.48m |
| Nov 6, 2026 | $119.89m |
| Nov 7, 2026 | $119.46m |
| Nov 8, 2026 | $117.65m |
TVL at each month end, May 2025 to Nov 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $10.6m |
| Jun 30, 2025 | $12.12m |
| Jul 31, 2025 | $30.15m |
| Aug 31, 2025 | $32.27m |
| Sep 30, 2025 | $38.34m |
| Oct 31, 2025 | $45.17m |
| Nov 30, 2025 | $75.33m |
| Dec 31, 2025 | $79.78m |
| Jan 31, 2026 | $74.68m |
| Feb 28, 2026 | $83.98m |
| Mar 31, 2026 | $100.53m |
| Apr 30, 2026 | $102.44m |
| May 31, 2026 | $142.36m |
| Jun 30, 2026 | $120.7m |
| Jul 31, 2026 | $129.91m |
| Aug 31, 2026 | $144.86m |
| Sep 30, 2026 | $165.54m |
| Oct 31, 2026 | $132.46m |
| Nov 8, 2026 (latest) | $117.65m |
Fees, revenue and holders revenue by UTC calendar month, May 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2025 | $18,690 | $0 | $0 |
| Jun 2025 | $44,286 | $0 | $0 |
| Jul 2025 | $88,234 | $0 | $0 |
| Aug 2025 | $138,574 | $0 | $0 |
| Sep 2025 | $155,818 | $0 | $0 |
| Oct 2025 | $246,638 | $0 | $0 |
| Nov 2025 | $310,739 | $0 | $0 |
| Dec 2025 | $373,538 | $0 | $0 |
| Jan 2026 | $414,564 | $0 | $0 |
| Feb 2026 | $356,769 | $0 | $0 |
| Mar 2026 | $356,451 | $0 | $0 |
| Apr 2026 | $371,155 | $0 | $0 |
| May 2026 | $366,376 | $0 | $0 |
| Jun 2026 | $319,687 | $0 | $0 |
| Jul 2026 | $395,727 | $0 | $0 |
| Aug 2026 | $372,641 | $0 | $0 |
| Sep 2026 | $328,132 | $0 | $0 |
| Oct 2026 | $280,563 | $0 | $0 |
| Nov 2026 (to date) | $54,052 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/blend-pools-v2
Frequently asked questions
What is Blend Pools V2's TVL?
As of Nov 8, 2026, Blend Pools V2 has $116.92m in total value locked. TVL has decreased 20.1% over the past 30 days.
What chains does Blend Pools V2 operate on?
Blend Pools V2 operates on Stellar. Stellar holds the largest share at 100%.
How much has Blend Pools V2 generated in fees and revenue?
Over the past 30 days, Blend Pools V2 generated $257,876 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $4.23m in fees.
How does Blend Pools V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Blend Pools V2 ranks #28 by TVL. The category holds $50.15b across 519 protocols, and Blend Pools V2 accounts for 0.2% of that total. Similar protocols include Templar Lending, XOXNO Lending, Blend Pools, Peridot, Alula, Slender, Templar Precept, Aave V3, Morpho Blue, and SparkLend.
How much has been borrowed through Blend Pools V2?
As of Nov 8, 2026, Blend Pools V2 has $34.64m in active loans.
Has Blend Pools V2 ever been exploited?
Blend Pools V2 has 1 recorded security incident. The most recent incident occurred on Feb 22, 2026 and involved $10.97m. It was classified as Oracle Manipulation.