Ask about Kestrel

Logo of KestrelKestrel

Total Value Locked$417,969.15

TVL by Chain

Solana$417,969.15

Protocol Information

Kestrel turns DeFi strategies into tokens on Solana. Users deposit an asset, receive a yield-bearing token, and redeem it later at the on-chain redemption price

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Category:Onchain Capital Allocator

Methodology

TVL: TVL is the net value of every Long Yield Carry vault: collateral held idle and deposited in lending platforms (Kamino/Marginfi) minus the stable debt borrowed against it plus the redeployed yield position.View code on GitHub

Competitors

Upshift ($432.48m)Neutral Trade ($22.89m)Perena Vaults ($12.72m)Exponent Strategy Vaults ($12.2m)Kvants ($92,455.15)Knightrade ($1.56)Spark Liquidity Layer ($2.551b)Veda ($1.904b)Concrete ($1.266b)Grove Finance ($1.257b)

Frequently Asked Questions

What is Kestrel's TVL?

Kestrel currently has $417,969.15 in total value locked. TVL has increased 201.7% over the past 30 days.

What chains does Kestrel operate on?

Kestrel operates on Solana. Solana holds the largest share at 100%.

How does Kestrel's TVL compare to similar protocols?

Among Onchain Capital Allocator protocols tracked by DefiLlama, Kestrel ranks #47 by TVL. The category holds $9.331b across 80 protocols, and Kestrel accounts for <0.1% of that total. Other leading protocols include Upshift, Neutral Trade, Perena Vaults, Exponent Strategy Vaults, Kvants, Knightrade, Spark Liquidity Layer, Veda, Concrete, and Grove Finance.