Total Value Locked$165.19m
TVL by Chain
Ethereum$165.19m
Key Metrics
Fees 30d$118,858
Fees 30d by chain
Ethereum$118,858
Fees 7d$118,689
Ethereum$118,689
Fees 24h$0
Ethereum$0
Cumulative Fees$84.96m
Ethereum$84.96m
Revenue 30d$519.45
Revenue 30d by chain
Ethereum$519.45
Revenue 7d$409
Ethereum$409
Revenue 24h$0
Ethereum$0
Cumulative Revenue$35.37m
Ethereum$35.37m
Holders Revenue 30d$519.45
Holders Revenue 30d by chain
Ethereum$519.45
Holders Revenue 7d$409
Ethereum$409
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$35.37m
Ethereum$35.37m
Collateral Liquidated 30d$0
Collateral Liquidated 30d by chain
Ethereum$0
Collateral Liquidated 7d$0
Ethereum$0
Collateral Liquidated 24h$0
Ethereum$0
Cumulative Collateral Liquidated$0
Ethereum$0
Staked$10.63m
Total Raised$6m
Mar 30, 2021$6mRound: Series AInvestors: Pantera Capital, Nima Capital, Alameda Research, IOSG, AngelDAO, Bo Shen, Meltem Demirors, David Hoffmann, Calvin Liu, George Lambeth, Tomahawk VC, Lemniscap, 1kx, Greenfield Capital
Protocol Information
Liquity V1 is a decentralized and immutable borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total one-time borrow fees, redemption fees paid by borrowers, liquidation gas compensations and liquidation profits.View code on GitHubRevenue: Share of borrow and redemption fees distributed to the protocol and/or token holders.View code on GitHubHolders Revenue: Share of borrow and redemption fees distributed to stability pool depositors and protocol token stakers.View code on GitHubCollateral Liquidated: Collateral seized from liquidated troves (sent to the stability pool, redistributed to other troves, and paid as gas compensation), excluding any surplus returned to the borrower, from TroveManager Liquidation events.View code on GitHubUser Activity
Active Addresses (24h)1
New Addresses (24h)0
Transactions (24h)8
Gas Used (24h)0 ETH
Gas Cost (24h)$11.22
Competitors
Liquity V1 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Apr 6, 2021 to Oct 24, 2026.
All-time high TVL: $4.523b on May 11, 2021. All-time low TVL: $115.99m on Jul 1, 2026.
Daily TVL, Sep 25, 2026 to Oct 24, 2026
| Date | TVL |
|---|---|
| Sep 25, 2026 | $194.94m |
| Sep 26, 2026 | $194.64m |
| Sep 27, 2026 | $195.04m |
| Sep 28, 2026 | $193.49m |
| Sep 29, 2026 | $194.38m |
| Sep 30, 2026 | $193.36m |
| Oct 1, 2026 | $194.25m |
| Oct 2, 2026 | $195.87m |
| Oct 3, 2026 | $192.87m |
| Oct 4, 2026 | $194.1m |
| Oct 5, 2026 | $196.79m |
| Oct 6, 2026 | $196.08m |
| Oct 7, 2026 | $194.74m |
| Oct 8, 2026 | $185.69m |
| Oct 9, 2026 | $178.98m |
| Oct 10, 2026 | $179.64m |
| Oct 11, 2026 | $180.08m |
| Oct 12, 2026 | $182.52m |
| Oct 13, 2026 | $175.03m |
| Oct 14, 2026 | $180.49m |
| Oct 15, 2026 | $174.48m |
| Oct 16, 2026 | $174.89m |
| Oct 17, 2026 | $173.08m |
| Oct 18, 2026 | $172.03m |
| Oct 19, 2026 | $172.59m |
| Oct 20, 2026 | $171.3m |
| Oct 21, 2026 | $174.87m |
| Oct 22, 2026 | $176.42m |
| Oct 23, 2026 | $170.49m |
| Oct 24, 2026 | $169.75m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $466.64m |
| Dec 31, 2024 | $413.5m |
| Jan 31, 2025 | $383.42m |
| Feb 28, 2025 | $263.72m |
| Mar 31, 2025 | $195.62m |
| Apr 30, 2025 | $189.12m |
| May 31, 2025 | $245.14m |
| Jun 30, 2025 | $244.22m |
| Jul 31, 2025 | $363.27m |
| Aug 31, 2025 | $378.18m |
| Sep 30, 2025 | $337.64m |
| Oct 31, 2025 | $306.31m |
| Nov 30, 2025 | $240.72m |
| Dec 31, 2025 | $231.03m |
| Jan 31, 2026 | $209.79m |
| Feb 28, 2026 | $149.98m |
| Mar 31, 2026 | $154.97m |
| Apr 30, 2026 | $171.53m |
| May 31, 2026 | $152.3m |
| Jun 30, 2026 | $119.6m |
| Jul 31, 2026 | $140.6m |
| Aug 31, 2026 | $178.35m |
| Sep 30, 2026 | $193.36m |
| Oct 24, 2026 (latest) | $169.75m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $1.83b |
| Dec 31, 2022 | $411.25m |
| Dec 31, 2023 | $728.3m |
| Dec 31, 2024 | $413.5m |
| Dec 31, 2025 | $231.03m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $170,472 | $164,828 | $164,828 |
| Dec 2024 | $80,557 | $52,786 | $52,786 |
| Jan 2025 | $274,983 | $69,264 | $69,264 |
| Feb 2025 | $204,715 | $92,401 | $92,401 |
| Mar 2025 | $90,020 | $85,454 | $85,454 |
| Apr 2025 | $41,530 | $35,952 | $35,952 |
| May 2025 | $26,545 | $4,624 | $4,624 |
| Jun 2025 | $213,331 | $13,047 | $13,047 |
| Jul 2025 | $11,488 | $9,051 | $9,051 |
| Aug 2025 | $13,870 | $9,859 | $9,859 |
| Sep 2025 | $31,738 | $2,861 | $2,861 |
| Oct 2025 | $115,402 | $16,488 | $16,488 |
| Nov 2025 | $480,877 | $12,130 | $12,130 |
| Dec 2025 | $31,247 | $20,816 | $20,816 |
| Jan 2026 | $15,399 | $13,037 | $13,037 |
| Feb 2026 | $14,547 | $14,547 | $14,547 |
| Mar 2026 | $11,746 | $11,746 | $11,746 |
| Apr 2026 | $3,797 | $3,776 | $3,776 |
| May 2026 | $1,174 | $1,143 | $1,143 |
| Jun 2026 | $6,681 | $6,681 | $6,681 |
| Jul 2026 | $172.22 | $164.54 | $164.54 |
| Aug 2026 | $17,764 | $17,762 | $17,762 |
| Sep 2026 | $1,678 | $1,678 | $1,678 |
| Oct 2026 (to date) | $118,758 | $419.45 | $419.45 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/liquity-v1
Frequently asked questions
What is Liquity V1's TVL?
As of Oct 24, 2026, Liquity V1 has $165.19m in total value locked. TVL has decreased 15.1% over the past 30 days.
What chains does Liquity V1 operate on?
Liquity V1 operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Liquity V1 generated in fees and revenue?
Over the past 30 days, Liquity V1 generated $118,858 in fees. Of that, $519.45 was protocol revenue. Based on the trailing year, the annualized rate is $706,550 in fees and $106,562 in revenue.
How does Liquity V1's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Liquity V1 ranks #3 by TVL. The category holds $7.667b across 200 protocols, and Liquity V1 accounts for 2.2% of that total. Similar protocols include Sky Lending, USDD, crvUSD, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, BIMA CDP, Inverse Finance Frontier, and mStable V2.