Ask about Quell

Logo of QuellQuell

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 ($1.49b)Pendle V2 ($1.211b)Stake DAO Yield ($151.96m)AUTOfinance ($40.12m)Zoo Finance ($29.8m)Spectra V2 ($22.26m)Royco V2 ($18.67m)Equilibria ($13.11m)Aura ($10.5m)Harmonix Finance ($7.04m)

Frequently Asked Questions

What is Quell's TVL?

Quell currently 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 #463 by TVL. The category holds $4.763b across 576 protocols, and Quell accounts for <0.1% of that total. Other leading protocols include Spark Savings, Pendle V2, Stake DAO Yield, AUTOfinance, Zoo Finance, Spectra V2, Royco V2, Equilibria, Aura, and Harmonix Finance.