Protocol Information
Pando Rings: a decentralized protocol where you can lend or borrow cryptocurrencies
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Nov 6, 2022
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
Pando Rings history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 20, 2022 to Oct 22, 2026.
All-time high TVL: $88.57m on Nov 5, 2022. All-time low TVL: $5.69m on Jul 1, 2026.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $6.08m |
| Sep 24, 2026 | $6.08m |
| Sep 25, 2026 | $6.07m |
| Sep 26, 2026 | $6.08m |
| Sep 27, 2026 | $6.08m |
| Sep 28, 2026 | $6.08m |
| Sep 29, 2026 | $6.08m |
| Sep 30, 2026 | $6.07m |
| Oct 1, 2026 | $6.07m |
| Oct 2, 2026 | $6.08m |
| Oct 3, 2026 | $6.08m |
| Oct 4, 2026 | $6.08m |
| Oct 5, 2026 | $6.08m |
| Oct 6, 2026 | $6.08m |
| Oct 7, 2026 | $6.08m |
| Oct 8, 2026 | $6.07m |
| Oct 9, 2026 | $6.07m |
| Oct 10, 2026 | $6.07m |
| Oct 11, 2026 | $6.07m |
| Oct 12, 2026 | $6.07m |
| Oct 13, 2026 | $6.07m |
| Oct 14, 2026 | $6.07m |
| Oct 15, 2026 | $6.07m |
| Oct 16, 2026 | $6.07m |
| Oct 17, 2026 | $6.07m |
| Oct 18, 2026 | $6.07m |
| Oct 19, 2026 | $6.07m |
| Oct 20, 2026 | $6.07m |
| Oct 21, 2026 | $6.07m |
| Oct 22, 2026 | $6.07m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $13.51m |
| Dec 31, 2024 | $9.44m |
| Jan 31, 2025 | $10.2m |
| Feb 28, 2025 | $9.44m |
| Mar 31, 2025 | $9.12m |
| Apr 30, 2025 | $10.25m |
| May 31, 2025 | $10.54m |
| Jun 30, 2025 | $10.9m |
| Jul 31, 2025 | $10.62m |
| Aug 31, 2025 | $9.99m |
| Sep 30, 2025 | $10.23m |
| Oct 31, 2025 | $9.93m |
| Nov 30, 2025 | $8.67m |
| Dec 31, 2025 | $8.49m |
| Jan 31, 2026 | $7.34m |
| Feb 28, 2026 | $6.21m |
| Mar 31, 2026 | $6.27m |
| Apr 30, 2026 | $6.85m |
| May 31, 2026 | $6.7m |
| Jun 30, 2026 | $5.81m |
| Jul 31, 2026 | $6.07m |
| Aug 31, 2026 | $6.08m |
| Sep 30, 2026 | $6.07m |
| Oct 22, 2026 (latest) | $6.07m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $7.85m |
| Dec 31, 2023 | $10.21m |
| Dec 31, 2024 | $9.44m |
| Dec 31, 2025 | $8.49m |
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-rings
Frequently asked questions
What is Pando Rings' TVL?
As of Oct 22, 2026, Pando Rings has $6.07m in total value locked. TVL has decreased <0.1% over the past 30 days.
What chains does Pando Rings operate on?
Pando Rings operates on Mixin.
Has Pando Rings ever been exploited?
Pando Rings has 1 recorded security incident. The most recent incident occurred on Nov 6, 2022 and involved $22m. It was classified as Oracle Manipulation.