Ask about Raft · freeRaft(RAFT)
Total Value Locked$16,047
TVL by Chain
Ethereum$16,047
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Treasury$0
Majors$0
Stablecoins$0
Own Tokens$0
Others$0
Hacks
Date: Nov 10, 2023
Amount: $3.3m
Classification: Token & Share Accounting
Technique: Infinite Mint
On November 10, 2023, an attacker exploited a precision error in Raft's divUp function during share token minting to mint ~$6.7M unbacked R tokens via a 6000 cbETH flash loan from Aave, causing a ~$3.3M net loss.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Raft history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from May 24, 2023 to Nov 13, 2026.
All-time high TVL: $64.86m on Jul 5, 2023. All-time low TVL: $11,396 on Apr 9, 2025.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $19,464 |
| Oct 16, 2026 | $20,126 |
| Oct 17, 2026 | $20,027 |
| Oct 18, 2026 | $19,935 |
| Oct 19, 2026 | $19,904 |
| Oct 20, 2026 | $19,838 |
| Oct 21, 2026 | $20,317 |
| Oct 22, 2026 | $20,189 |
| Oct 23, 2026 | $19,944 |
| Oct 24, 2026 | $19,642 |
| Oct 25, 2026 | $19,532 |
| Oct 26, 2026 | $19,089 |
| Oct 27, 2026 | $19,228 |
| Oct 28, 2026 | $19,419 |
| Oct 29, 2026 | $19,076 |
| Oct 30, 2026 | $18,352 |
| Oct 31, 2026 | $18,504 |
| Nov 1, 2026 | $18,741 |
| Nov 2, 2026 | $18,921 |
| Nov 3, 2026 | $18,614 |
| Nov 4, 2026 | $18,662 |
| Nov 5, 2026 | $20,051 |
| Nov 6, 2026 | $18,453 |
| Nov 7, 2026 | $18,572 |
| Nov 8, 2026 | $18,504 |
| Nov 9, 2026 | $17,822 |
| Nov 10, 2026 | $17,589 |
| Nov 11, 2026 | $17,023 |
| Nov 12, 2026 | $17,023 |
| Nov 13, 2026 | $16,172 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $26,265 |
| Jan 31, 2025 | $25,689 |
| Feb 28, 2025 | $18,245 |
| Mar 31, 2025 | $14,372 |
| Apr 30, 2025 | $14,336 |
| May 31, 2025 | $20,120 |
| Jun 30, 2025 | $20,133 |
| Jul 31, 2025 | $30,756 |
| Aug 31, 2025 | $35,704 |
| Sep 30, 2025 | $34,048 |
| Oct 31, 2025 | $30,801 |
| Nov 30, 2025 | $24,268 |
| Dec 31, 2025 | $24,163 |
| Jan 31, 2026 | $21,953 |
| Feb 28, 2026 | $15,716 |
| Mar 31, 2026 | $16,967 |
| Apr 30, 2026 | $18,533 |
| May 31, 2026 | $16,547 |
| Jun 30, 2026 | $13,019 |
| Jul 31, 2026 | $15,667 |
| Aug 31, 2026 | $20,028 |
| Sep 30, 2026 | $22,046 |
| Oct 31, 2026 | $18,504 |
| Nov 13, 2026 (latest) | $16,172 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $295,505 |
| Dec 31, 2024 | $26,265 |
| Dec 31, 2025 | $24,163 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/raft
Frequently asked questions
What is Raft's TVL?
As of Nov 13, 2026, Raft has $16,047 in total value locked. TVL has decreased 22.4% over the past 30 days.
What chains does Raft operate on?
Raft operates on Ethereum. Ethereum holds the largest share at 100%.
How does Raft's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Raft ranks #110 by TVL. The category holds $5.621b across 198 protocols, and Raft accounts for <0.1% of that total. Similar protocols include Sky Lending, USDD, Liquity V1, Reservoir Protocol, crvUSD, Liquity V2, Frankencoin, Inverse Finance FiRM, BIMA CDP, and Monolith Market.
Does Raft have a treasury?
Raft has a tracked treasury currently valued at $0.
Has Raft ever been exploited?
Raft has 1 recorded security incident. The most recent incident occurred on Nov 10, 2023 and involved $3.3m. It was classified as Token & Share Accounting.