Ask about Quell · free
Logo of Quell

Quell

Total Value Locked$0.00001

TVL by Chain

Arbitrum$0.00001

Base$0

Protocol Information

Quell is an RWA yield router on Arbitrum. USDC deposits receive ERC-4626 shares (rvUSDC) and capital is routed to Spark sUSDC for RWA-backed yield via the Sky Savings Rate. Non-custodial, no KYC, no lockup, no emissions.

WebsiteGitHubX/Twitter
Category:Yield

Methodology

TVL: TVL is the total USDC deposited in the Quell ERC4626 RWAVaults, measured via totalAssets(). The protocol launched on Base in 2025 routing into the Steakhouse USDC MetaMorpho vault, then migrated to Arbitrum One in March 2026 where it routes into Spark sUSDC. Historical Base + early Arbitrum vaults are retained for chain TVL history; the live yield route on the current Arbitrum RWAVault is Spark sUSDC.View code on GitHub

Competitors

Spark Savings ($1.223b)Pendle V2 ($1.007b)Stake DAO Yield ($119.51m)AUTOfinance ($33.6m)Zoo Finance ($24.87m)Spectra V2 ($12.3m)Equilibria ($8.51m)Aura ($7.99m)Royco V2 ($6.45m)Harmonix Finance ($5.34m)

Closest by TVL

KungFuu ($0.000097)Arrow ($0.000027)OSWAP Token ($0.0000000044)HoneyFarm ($0)

Quell history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 26, 2026 to Nov 13, 2026.

All-time high TVL: $99 on Mar 31, 2026. All-time low TVL: $99 on Mar 31, 2026.

Daily TVL, Oct 15, 2026 to Nov 13, 2026

DateTVL
Oct 15, 2026$0
Oct 16, 2026$0
Oct 17, 2026$0
Oct 18, 2026$0
Oct 19, 2026$0
Oct 20, 2026$0
Oct 21, 2026$0
Oct 22, 2026$0
Oct 23, 2026$0
Oct 24, 2026$0
Oct 25, 2026$0
Oct 26, 2026$0
Oct 27, 2026$0
Oct 28, 2026$0
Oct 29, 2026$0
Oct 30, 2026$0
Oct 31, 2026$0
Nov 1, 2026$0
Nov 2, 2026$0
Nov 3, 2026$0
Nov 4, 2026$0
Nov 5, 2026$0
Nov 6, 2026$0
Nov 7, 2026$0
Nov 8, 2026$0
Nov 9, 2026$0
Nov 10, 2026$0
Nov 11, 2026$0
Nov 12, 2026$0
Nov 13, 2026$0

TVL at each month end, Mar 2026 to Nov 2026

DateTVL
Mar 31, 2026$99
Apr 30, 2026$0
May 31, 2026$0
Jun 30, 2026$0
Jul 31, 2026$0
Aug 31, 2026$0
Sep 30, 2026$0
Oct 31, 2026$0
Nov 13, 2026 (latest)$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/quell

Frequently asked questions

What is Quell's TVL?

As of Nov 13, 2026, Quell has $0.00001 in total value locked.

What chains does Quell operate on?

Quell operates on 2 chains: Arbitrum and Base. Arbitrum holds the largest share at 100%.

How does Quell's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, Quell ranks #467 by TVL. The category holds $3.961b across 580 protocols, and Quell accounts for <0.1% of that total. Similar protocols include Spark Savings, Pendle V2, Stake DAO Yield, AUTOfinance, Zoo Finance, Spectra V2, Equilibria, Aura, Royco V2, and Harmonix Finance.