Ask about Pando · freeTotal Value Locked$17.96m
TVL by Chain
Mixin$17.96m
Key Metrics
Cumulative DEX Volume$821.25m
Cumulative DEX Volume by chain
Mixin$821.25m
Active Loans$365,756
Protocol Information
Pando is a set of open financial protocols which includes 3 major protocols: 1.Pando Lake/4swap: a decentralized protocol for automated liquidity provision built with the Mixin Trusted Group. 2.Pando Leaf: a decentralized financial network to minting stablecoins. 3.Pando Rings: a decentralized protocol where you can lend or borrow cryptocurrencies
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
DEX Volume: Volume of all spot token swaps on the DEX
Hacks
Date: Nov 6, 2022
Protocol: Pando Rings
Amount: $22m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
On November 5-6, 2022, Pando Rings suffered an oracle manipulation attack when an attacker inflated sBTC-WBTC LP token values in the oracle, enabling borrowing against inflated collateral and stealing approximately $20-22M.
Chains: Mixin
Language: Go
Target Type: DeFi Protocol
Competitors
Pando history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Dec 1, 2021 to Oct 22, 2026.
All-time high TVL: $374.12m on Jan 20, 2022. All-time low TVL: $16.59m on Jul 1, 2026.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $17.97m |
| Sep 24, 2026 | $17.97m |
| Sep 25, 2026 | $17.96m |
| Sep 26, 2026 | $17.97m |
| Sep 27, 2026 | $17.97m |
| Sep 28, 2026 | $17.96m |
| Sep 29, 2026 | $17.96m |
| Sep 30, 2026 | $17.96m |
| Oct 1, 2026 | $17.96m |
| Oct 2, 2026 | $17.96m |
| Oct 3, 2026 | $17.97m |
| Oct 4, 2026 | $17.97m |
| Oct 5, 2026 | $17.97m |
| Oct 6, 2026 | $17.97m |
| Oct 7, 2026 | $17.97m |
| Oct 8, 2026 | $17.96m |
| Oct 9, 2026 | $17.96m |
| Oct 10, 2026 | $17.96m |
| Oct 11, 2026 | $17.95m |
| Oct 12, 2026 | $17.95m |
| Oct 13, 2026 | $17.95m |
| Oct 14, 2026 | $17.96m |
| Oct 15, 2026 | $17.95m |
| Oct 16, 2026 | $17.95m |
| Oct 17, 2026 | $17.95m |
| Oct 18, 2026 | $17.95m |
| Oct 19, 2026 | $17.95m |
| Oct 20, 2026 | $17.95m |
| Oct 21, 2026 | $17.96m |
| Oct 22, 2026 | $17.96m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $63.16m |
| Dec 31, 2024 | $51.85m |
| Jan 31, 2025 | $52.62m |
| Feb 28, 2025 | $44.77m |
| Mar 31, 2025 | $43.02m |
| Apr 30, 2025 | $44.84m |
| May 31, 2025 | $43.36m |
| Jun 30, 2025 | $43.27m |
| Jul 31, 2025 | $46.13m |
| Aug 31, 2025 | $42.61m |
| Sep 30, 2025 | $41.13m |
| Oct 31, 2025 | $33m |
| Nov 30, 2025 | $28.06m |
| Dec 31, 2025 | $27.25m |
| Jan 31, 2026 | $25.05m |
| Feb 28, 2026 | $20.33m |
| Mar 31, 2026 | $20.25m |
| Apr 30, 2026 | $22.03m |
| May 31, 2026 | $20.24m |
| Jun 30, 2026 | $17.05m |
| Jul 31, 2026 | $17.96m |
| Aug 31, 2026 | $17.97m |
| Sep 30, 2026 | $17.96m |
| Oct 22, 2026 (latest) | $17.96m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $335.34m |
| Dec 31, 2022 | $92.66m |
| Dec 31, 2023 | $67.74m |
| Dec 31, 2024 | $51.85m |
| Dec 31, 2025 | $27.25m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pando
Frequently asked questions
What is Pando's TVL?
As of Oct 22, 2026, Pando has $17.96m in total value locked. TVL has decreased <0.1% over the past 30 days.
How does Pando's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Pando ranks #1,928 by TVL. The category holds $12.798b across 1,928 protocols, and Pando accounts for 0% of that total. Similar protocols include Uniswap V3, PancakeSwap AMM, Uniswap V4, Curve DEX, Raydium AMM, Uniswap V2, PancakeSwap AMM V3, Bittensor dTAO, RocketSwap Anubis, and PumpSwap.
How much has been borrowed through Pando?
As of Oct 22, 2026, Pando has $365,756 in active loans.
Has Pando ever been exploited?
Pando has 1 recorded security incident. The most recent incident occurred on Nov 6, 2022 and involved $22m. It was classified as Oracle Manipulation.