Logo of reedreed
Total Value Locked$85,326.38

TVL by Chain

Cardano$85,326.38

Protocol Information

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

Category:CDP

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Methodology

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

Competitors

Indigo ($4.56m)

Frequently Asked Questions

What is reed?

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

What is reed's TVL?

reed currently has $85,326.38 in total value locked.

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 #83 by TVL. The category holds $7.913b across 192 protocols, and reed accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.