Logo of DefrostDefrost(MELT)
Total Value Locked$81,950.09

TVL by Chain

Avalanche$81,950.09

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.

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Category:CDP

Audits:

Methodology

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

Hacks

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

Abracadabra Spell ($4.74m)QiDao ($2.73m)Parallel Protocol V3 ($2.14m)Angle ($2.02m)Iron Finance ($315,868.86)xDollar ($216,208.58)Button Wrappers ($32,188.33)TopShelf ($26,444.98)Stabilize ($21,085.42)Teddy Cash ($11,758.92)

Frequently Asked Questions

What is Defrost's TVL?

Defrost currently has $81,950.09 in total value locked. TVL has increased 0.5% 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 #94 by TVL. The category holds $7.964b across 203 protocols, and Defrost accounts for <0.1% of that total. Other leading protocols include Abracadabra Spell, QiDao, Parallel Protocol V3, Angle, 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.