Ask about JPEG'd · freeJPEG'd(JPGD)
Total Value Locked$541,857
TVL by Chain
Ethereum$541,857
Key Metrics
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Staked$0
Treasury$39,838
Majors$24,565
Stablecoins$15,273
Own Tokens$0
Others$0.00033
Total Raised$72m
Feb 23, 2022$72mRound: ICO
Protocol Information
JPEG'd is a decentralized lending protocol on the Ethereum blockchain that enables NFT holders to open collateralized debt positions (CDPs) using their NFTs as collateral. Users mint pETH or pUSD, native tokens of the protocol that are pegged to ETH and USD respectively via Curve pools, enabling users to effectively obtain leverage on their NFTs.
Audits:
Methodology
TVL: Counts the floor value of all NFTs supplied in the protocol vaultsView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Treasury: Value of tokens owned by the protocolCompetitors
JPEG'd history
TVL is the default DefiLlama definition, which excludes Pool2 and Staking. Daily values are UTC snapshots from Aug 15, 2022 to Oct 23, 2026.
All-time high TVL: $45.83m on Mar 10, 2024. All-time low TVL: $332,749 on Jul 1, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $621,143 |
| Sep 25, 2026 | $620,873 |
| Sep 26, 2026 | $620,058 |
| Sep 27, 2026 | $620,334 |
| Sep 28, 2026 | $614,952 |
| Sep 29, 2026 | $617,797 |
| Sep 30, 2026 | $614,820 |
| Oct 1, 2026 | $617,027 |
| Oct 2, 2026 | $621,309 |
| Oct 3, 2026 | $612,364 |
| Oct 4, 2026 | $617,050 |
| Oct 5, 2026 | $625,423 |
| Oct 6, 2026 | $621,787 |
| Oct 7, 2026 | $618,071 |
| Oct 8, 2026 | $588,722 |
| Oct 9, 2026 | $565,066 |
| Oct 10, 2026 | $566,903 |
| Oct 11, 2026 | $567,074 |
| Oct 12, 2026 | $577,317 |
| Oct 13, 2026 | $551,434 |
| Oct 14, 2026 | $566,822 |
| Oct 15, 2026 | $548,627 |
| Oct 16, 2026 | $552,556 |
| Oct 17, 2026 | $547,087 |
| Oct 18, 2026 | $543,587 |
| Oct 19, 2026 | $545,900 |
| Oct 20, 2026 | $541,194 |
| Oct 21, 2026 | $554,246 |
| Oct 22, 2026 | $561,676 |
| Oct 23, 2026 | $540,121 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $15.05m |
| Dec 31, 2024 | $10.1m |
| Jan 31, 2025 | $1.68m |
| Feb 28, 2025 | $1.14m |
| Mar 31, 2025 | $684,844 |
| Apr 30, 2025 | $513,349 |
| May 31, 2025 | $696,085 |
| Jun 30, 2025 | $677,809 |
| Jul 31, 2025 | $1.07m |
| Aug 31, 2025 | $1.11m |
| Sep 30, 2025 | $1.07m |
| Oct 31, 2025 | $818,362 |
| Nov 30, 2025 | $642,987 |
| Dec 31, 2025 | $635,445 |
| Jan 31, 2026 | $579,737 |
| Feb 28, 2026 | $413,421 |
| Mar 31, 2026 | $433,810 |
| Apr 30, 2026 | $487,028 |
| May 31, 2026 | $430,880 |
| Jun 30, 2026 | $340,028 |
| Jul 31, 2026 | $447,174 |
| Aug 31, 2026 | $566,492 |
| Sep 30, 2026 | $614,820 |
| Oct 23, 2026 (latest) | $540,121 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $16.17m |
| Dec 31, 2023 | $29.26m |
| Dec 31, 2024 | $10.1m |
| Dec 31, 2025 | $635,445 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/jpegd
Frequently asked questions
What is JPEG'd's TVL?
As of Oct 23, 2026, JPEG'd has $541,857 in total value locked. TVL has decreased 14.8% over the past 30 days.
What chains does JPEG'd operate on?
JPEG'd operates on Ethereum. Ethereum holds the largest share at 100%.
How does JPEG'd's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, JPEG'd ranks #3 by TVL. The category holds $7.56m across 32 protocols, and JPEG'd accounts for 7.2% of that total. Similar protocols include Gondi V3, Blur Lending, BendDAO Lending V1, Arcade.xyz, Revest Finance, Pine Protocol, Llamalend, OpenSky Finance, MMO Finance, and NFTfi.
Does JPEG'd have a treasury?
JPEG'd has a tracked treasury currently valued at $39,838. Its holdings include $15,273 in stablecoins, $24,565 in major assets, $0.00033 in other assets.