Ask about reed

Logo of reedreed

Total Value Locked$2,188.8

TVL by Chain

Cardano$2,188.8

Protocol Information

reed is a permissionless, immutable stablecoin protocol on Cardano — lock ADA, mint USDR. 1% one-off fee, zero interest, zero governance.

WebsiteGitHubX/Twitter
Category:CDP

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Indigo ($4.1m)Sky Lending ($5.754b)USDD ($1.271b)Lista CDP ($240.33m)Liquity V1 ($191.18m)crvUSD ($155.34m)Liquity V2 ($104.15m)Frankencoin ($85.64m)Reservoir Protocol ($71.44m)Felix CDP ($35.98m)

Frequently Asked Questions

What is reed's TVL?

reed currently has $2,188.8 in total value locked. TVL has decreased 97.3% over the past 30 days.

What chains does reed operate on?

reed operates on Cardano. Cardano holds the largest share at 100%.

How does reed's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, reed ranks #149 by TVL. The category holds $8.152b across 201 protocols, and reed accounts for <0.1% of that total. Other leading protocols include Indigo, Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Frankencoin, Reservoir Protocol, and Felix CDP.