Ask about Defrost
Logo of DefrostDefrost(MELT)
Total Value Locked$81,759

TVL by Chain

Avalanche$81,759

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.

CategoryCDP

Audits:

GitHubTwitter

Methodology

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

Hacks

Date: Dec 24, 2022

Amount: $6m

Classification: Rugpull

Technique: Oracle Manipulation

Chains: Avalanche

Language: Solidity

Target Type: DeFi Protocol

Returned Funds: $6m

Competitors

Abracadabra Spell ($7.49m)Angle ($3.56m)QiDao ($3.17m)Parallel Protocol V3 ($2.94m)Iron Finance ($315,760)xDollar ($96,328)Button Wrappers ($35,581)TopShelf ($23,376)Stabilize ($21,007)Teddy Cash ($15,387)