Ask about Defrost
Logo of DefrostDefrost(MELT)
Total Value Locked$81,592

TVL by Chain

Avalanche$81,592

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.

Category:CDP

Audits:

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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 ($3.88m)QiDao ($2.47m)Parallel Protocol V3 ($2.05m)Angle ($2.01m)Iron Finance ($315,592)xDollar ($51,750)Button Wrappers ($24,289)TopShelf ($19,643)Stabilize ($18,618)Monroe Protocol ($18,533)