Ask about Forest Road Vault · freeTotal Value Locked$676,327
TVL by Chain
Ethereum$676,327
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$10.29m
Protocol Information
A KYC-gated credit protocol bringing Forest Road's specialty finance book on-chain. USDfr is minted 1:1 against USDC, and staked sUSDfr earns the interest from identified credit facilities, protected by curator first-loss capital and an sGROVE coverage reserve
Sub Category: Private Credit
Forest Road Vault history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Oct 23, 2026 to Nov 14, 2026.
All-time high TVL: $2.52m on Oct 24, 2026. All-time low TVL: $136,161 on Oct 30, 2026.
Daily TVL, Oct 23, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 23, 2026 | $2.52m |
| Oct 24, 2026 | $2.52m |
| Oct 25, 2026 | $2.52m |
| Oct 26, 2026 | $2.52m |
| Oct 27, 2026 | $166,784 |
| Oct 28, 2026 | $166,783 |
| Oct 29, 2026 | $136,228 |
| Oct 30, 2026 | $136,161 |
| Oct 31, 2026 | $856,323 |
| Nov 1, 2026 | $856,456 |
| Nov 2, 2026 | $856,296 |
| Nov 3, 2026 | $856,243 |
| Nov 4, 2026 | $871,307 |
| Nov 5, 2026 | $236,385 |
| Nov 6, 2026 | $436,381 |
| Nov 7, 2026 | $436,373 |
| Nov 8, 2026 | $436,349 |
| Nov 9, 2026 | $476,311 |
| Nov 10, 2026 | $476,345 |
| Nov 11, 2026 | $476,404 |
| Nov 12, 2026 | $476,399 |
| Nov 13, 2026 | $676,336 |
| Nov 14, 2026 | $676,339 |
TVL at each month end, Oct 2026 to Nov 2026
| Date | TVL |
|---|---|
| Oct 31, 2026 | $856,323 |
| Nov 14, 2026 (latest) | $676,339 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/forest-road-vault
Frequently asked questions
What is Forest Road Vault's TVL?
As of Nov 14, 2026, Forest Road Vault has $676,327 in total value locked.
What chains does Forest Road Vault operate on?
Forest Road Vault operates on Ethereum. Ethereum holds the largest share at 100%.
How does Forest Road Vault's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Forest Road Vault ranks #57 by TVL. The category holds $3.465b across 179 protocols, and Forest Road Vault accounts for <0.1% of that total. Similar protocols include Re, Huma, Ethena USDtb, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, Usual USD0, and Sky RWA.
How much has been borrowed through Forest Road Vault?
As of Nov 14, 2026, Forest Road Vault has $10.29m in active loans.