Logo of KestrelKestrel
Total Value Locked$225,045.96

TVL by Chain

Solana$225,045.96

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

WebsiteTwitter
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 ($404.37m)Neutral Trade ($12.07m)Perena Vaults ($11.89m)Exponent Strategy Vaults ($10.33m)Kvants ($87,769.29)Knightrade ($1.44)Spark Liquidity Layer ($2.273b)Grove Finance ($2.148b)Veda ($1.756b)Concrete ($1.174b)

Frequently Asked Questions

What is Kestrel's TVL?

Kestrel currently has $225,045.96 in total value locked.

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 #49 by TVL. The category holds $9.413b across 79 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, Grove Finance, Veda, and Concrete.