Protocol Information
Overlayer issues non-rebasing wrapped stablecoins backed one-for-one by USDT (T+), USDC (C+), and USDG (G+). Collateral is supplied to Aave. Yield is opt-in through a separate staking vault.
Audits:
Methodology
TVL: TVL is the USDT, USDC and USDG backing T+, C+ and G+, counted as the stablecoin and Aave aToken balances of each backing contract and wrap contract on Ethereum. Collateral is supplied to Aave, so it is marked doublecounted. Bridged OFT supply and staked vault shares are claims on the same backing and are not counted again.View code on GitHubCompetitors
Overlayer history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 27, 2026 to Oct 27, 2026.
All-time high TVL: $40,359 on Oct 27, 2026. All-time low TVL: $40,359 on Oct 27, 2026.
Daily TVL, Oct 27, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Oct 27, 2026 | $40,359 |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 27, 2026 (latest) | $40,359 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/overlayer
Frequently asked questions
What is Overlayer's TVL?
As of Oct 27, 2026, Overlayer has $40,360 in total value locked.
What chains does Overlayer operate on?
Overlayer operates on Ethereum. Ethereum holds the largest share at 100%.
How does Overlayer's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Overlayer ranks #209 by TVL. The category holds $4.615b across 570 protocols, and Overlayer accounts for <0.1% of that total. Similar protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, Avalon Superearn, Concentrator, Lorenzo sUSD1+, Yuzu Money, infiniFi, and Wise Token.