Ask about Monroe Protocol
Logo of Monroe ProtocolMonroe Protocol
Total Value Locked$5,843.49

TVL by Chain

Manta$2,927.7

Avalanche$2,894.77

Ethereum$21.02

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 ($4.14m)QiDao ($2.5m)Parallel Protocol V3 ($2.05m)Angle ($1.95m)xDollar ($98,868.64)Sky Lending ($5.677b)USDD ($1.4b)Liquity V1 ($139.64m)Liquity V2 ($72.01m)crvUSD ($70.71m)

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 $5,843.49 in total value locked. TVL has decreased 10.7% 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 50.1%.

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

Among CDP protocols tracked by DefiLlama, Monroe Protocol ranks #127 by TVL. The category holds $8.011b across 190 protocols, and Monroe Protocol accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.