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reed

Total Value Locked$1,840

TVL by Chain

Cardano$1,840

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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 ($3.17m)Sky Lending ($5.048b)USDD ($1.421b)Liquity V1 ($158.28m)crvUSD ($118.69m)Liquity V2 ($87.07m)Reservoir Protocol ($69.46m)Lista CDP ($63.58m)Frankencoin ($57.5m)Inverse Finance FiRM ($33.7m)

reed history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 4, 2026 to Nov 2, 2026.

All-time high TVL: $101,304 on Aug 22, 2026. All-time low TVL: $1,817 on Oct 30, 2026.

Daily TVL, Oct 4, 2026 to Nov 2, 2026

DateTVL
Oct 4, 2026$2,360
Oct 5, 2026$2,597
Oct 6, 2026$2,594
Oct 7, 2026$2,584
Oct 8, 2026$2,468
Oct 9, 2026$2,270
Oct 10, 2026$2,366
Oct 11, 2026$2,383
Oct 12, 2026$2,414
Oct 13, 2026$2,235
Oct 14, 2026$2,303
Oct 15, 2026$2,205
Oct 16, 2026$2,223
Oct 17, 2026$2,177
Oct 18, 2026$2,134
Oct 19, 2026$2,140
Oct 20, 2026$2,095
Oct 21, 2026$2,161
Oct 22, 2026$2,159
Oct 23, 2026$2,052
Oct 24, 2026$2,043
Oct 25, 2026$2,022
Oct 26, 2026$1,978
Oct 27, 2026$1,974
Oct 28, 2026$2,006
Oct 29, 2026$1,898
Oct 30, 2026$1,817
Oct 31, 2026$1,890
Nov 1, 2026$1,862
Nov 2, 2026$1,865

TVL at each month end, Aug 2026 to Nov 2026

DateTVL
Aug 31, 2026$85,851
Sep 30, 2026$2,362
Oct 31, 2026$1,890
Nov 2, 2026 (latest)$1,865

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

Frequently asked questions

What is reed's TVL?

As of Nov 2, 2026, reed has $1,840 in total value locked. TVL has decreased 23.1% 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 #145 by TVL. The category holds $7.247b across 197 protocols, and reed accounts for <0.1% of that total. Similar protocols include Indigo, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Reservoir Protocol, Lista CDP, Frankencoin, and Inverse Finance FiRM.