Protocol Information
Preon is a decentralized, lending protocol that allows you to borrow against your crypto - at 0 interest. Loans are paid out in $STAR (a USD-pegged stablecoin) with a minimum maintained collateral ratio of 110%
Audits:
Methodology
TVL: Adds up the total value locked as collateral, as well as the AMO positions on Preon FinanceView code on GitHubCompetitors
Preon Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 6, 2023 to Oct 20, 2026.
All-time high TVL: $7.29m on Mar 29, 2024. All-time low TVL: $1 on Aug 6, 2023.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $267,997 |
| Sep 22, 2026 | $269,144 |
| Sep 23, 2026 | $267,595 |
| Sep 24, 2026 | $261,974 |
| Sep 25, 2026 | $262,495 |
| Sep 26, 2026 | $262,494 |
| Sep 27, 2026 | $262,992 |
| Sep 28, 2026 | $262,869 |
| Sep 29, 2026 | $262,209 |
| Sep 30, 2026 | $261,852 |
| Oct 1, 2026 | $261,931 |
| Oct 2, 2026 | $263,730 |
| Oct 3, 2026 | $260,749 |
| Oct 4, 2026 | $262,229 |
| Oct 5, 2026 | $265,269 |
| Oct 6, 2026 | $264,310 |
| Oct 7, 2026 | $263,160 |
| Oct 8, 2026 | $251,471 |
| Oct 9, 2026 | $243,470 |
| Oct 10, 2026 | $242,411 |
| Oct 11, 2026 | $244,077 |
| Oct 12, 2026 | $246,953 |
| Oct 13, 2026 | $237,543 |
| Oct 14, 2026 | $243,720 |
| Oct 15, 2026 | $236,668 |
| Oct 16, 2026 | $238,625 |
| Oct 17, 2026 | $236,985 |
| Oct 18, 2026 | $235,601 |
| Oct 19, 2026 | $235,975 |
| Oct 20, 2026 | $223,170 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $5.78m |
| Dec 31, 2024 | $3.56m |
| Jan 31, 2025 | $3.08m |
| Feb 28, 2025 | $731,665 |
| Mar 31, 2025 | $643,189 |
| Apr 30, 2025 | $582,283 |
| May 31, 2025 | $608,435 |
| Jun 30, 2025 | $473,635 |
| Jul 31, 2025 | $616,605 |
| Aug 31, 2025 | $684,221 |
| Sep 30, 2025 | $668,876 |
| Oct 31, 2025 | $596,798 |
| Nov 30, 2025 | $351,633 |
| Dec 31, 2025 | $331,482 |
| Jan 31, 2026 | $294,532 |
| Feb 28, 2026 | $225,762 |
| Mar 31, 2026 | $224,979 |
| Apr 30, 2026 | $233,700 |
| May 31, 2026 | $213,206 |
| Jun 30, 2026 | $181,013 |
| Jul 31, 2026 | $201,582 |
| Aug 31, 2026 | $244,744 |
| Sep 30, 2026 | $261,852 |
| Oct 20, 2026 (latest) | $223,170 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $2.86m |
| Dec 31, 2024 | $3.56m |
| Dec 31, 2025 | $331,482 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/preon-finance
Frequently asked questions
What is Preon Finance's TVL?
As of Oct 20, 2026, Preon Finance has $223,235 in total value locked. TVL has decreased 15.1% over the past 30 days.
What chains does Preon Finance operate on?
Preon Finance operates on 3 chains: Arbitrum, Polygon, and Base. Arbitrum holds the largest share at 90.3%.
How does Preon Finance's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Preon Finance ranks #74 by TVL. The category holds $7.755b across 198 protocols, and Preon Finance accounts for <0.1% of that total. Other leading protocols include QiDao, Reservoir Protocol, Angle, xDollar, Button Wrappers, Davos Protocol, Deaderal Reserve Protocol, BTCFi CDP, Abracadabra Spell, and mStable CDP.