Logo of Monroe ProtocolMonroe Protocol
Total Value Locked$6,411.04

TVL by Chain

Manta$3,193.52

Avalanche$3,191.97

Ethereum$25.55

Protocol Information

Monroe is a decentralized omnichain LST backed stablecoin factory.

Category:CDP

Audits:

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Methodology

TVL: Adds up the total value locked as collateral in Monroe vaultsView code on GitHub

Competitors

Abracadabra Spell ($4.5m)QiDao ($2.62m)Parallel Protocol V3 ($2.13m)Angle ($1.98m)xDollar ($197,401.14)Button Wrappers ($31,009.26)Sky Lending ($5.732b)USDD ($1.293b)Liquity V1 ($170.82m)crvUSD ($83.35m)

Frequently Asked Questions

What is Monroe Protocol?

Monroe is a decentralized omnichain LST backed stablecoin factory.

What is Monroe Protocol's TVL?

Monroe Protocol currently has $6,411.04 in total value locked. TVL has increased 60% over the past 30 days.

What chains does Monroe Protocol operate on?

Monroe Protocol operates on 3 chains: Ethereum, Avalanche, and Manta. Manta holds the largest share at 49.8%.

How does Monroe Protocol's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Monroe Protocol ranks #138 by TVL. The category holds $7.992b across 202 protocols, and Monroe Protocol accounts for <0.1% of that total. Other leading protocols include Abracadabra Spell, QiDao, Parallel Protocol V3, Angle, xDollar, Button Wrappers, Sky Lending, USDD, Liquity V1, and crvUSD.