Kestrel

Total Value Locked$441,623

TVL by Chain

Solana$441,623

USDSOL

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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.

Competitors

Upshift ($389.69m)Neutral Trade ($23.46m)Perena Vaults ($12.79m)Exponent Strategy Vaults ($11.68m)Kvants ($90,298)Knightrade ($1.42)Spark Liquidity Layer ($2.805b)Veda ($1.844b)Grove Finance ($1.337b)Concrete ($1.168b)

Frequently asked questions

What is Kestrel's TVL?

Kestrel currently has $441,623 in total value locked. TVL has increased 102.8% 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 #48 by TVL. The category holds $9.4b across 85 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, Grove Finance, and Concrete.