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Reflect Tranches

Total Value Locked$2.84m

TVL by Chain

Solana$2.84m

Key Metrics

DEX Volume 30d$1.82m
DEX Volume 30d by chain

Solana$1.82m

DEX Volume 7d$104,524

Solana$104,524

DEX Volume 24h$5,198

Solana$5,198

Cumulative DEX Volume$4.2m

Solana$4.2m

Protocol Information

Tranches splits a yield-bearing token into a senior tranche (protected, moderate yield) and a junior tranche (amplified yield, absorbs losses first) across the Reflect Proxy Program and the RLP insurance pool.

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Category:Yield

Audits:

Methodology

TVL: Reflect Tranches TVL is the underlying tokens held by the live tranche pools on the RLP program. A pool is live when its protected_vault resolves to a real Reflect Proxy Program ProxyState, which excludes placeholder pools. Junior = the underlying assets held in each RLP pool's per-asset token accounts. Senior = the underlying held by the backstopped proxy vault.View code on GitHubDEX Volume: Daily user deposits and redemptions of each Reflect Tranches market's underlying yield-bearing stablecoin (e.g. syrupUSDC, eHYUSD), moved in/out of the senior tranche and junior tranche. Protocol-internal transfers between the two tranche accounts (yield routing, slashing) are excluded.View code on GitHub

Yields

Pools Tracked6

Average Supply APY27.69%

Largest Pools by TVL

syrupUSDCSolana$1.79m

eHYUSDSolana$393,957

PRIMESolana$253,395

syrupUSDCSolana$240,065

eHYUSDSolana$104,800

View all Yields

Competitors

Sanctum Reserve ($45m)Exponent Yield Exchange ($44.41m)Exponent Risk Tranching ($13.11m)Mezzanine ($6.05m)Vectis Finance ($4.69m)Quarry ($4.54m)Sunny ($2.07m)RateX DEX ($1.76m)PiggyBank ($1.36m)The Vault Unstake Pool ($260,374)

Closest by TVL

Llama Airforce ($3.36m)Bunny ($3.23m)Pirex ($2.45m)Ethena tsUSDe ($2.3m)

Reflect Tranches history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 14, 2026 to Nov 15, 2026.

All-time high TVL: $2.95m on Nov 10, 2026. All-time low TVL: $600,950 on Sep 20, 2026.

Daily TVL, Oct 17, 2026 to Nov 15, 2026

DateTVL
Oct 17, 2026$2.2m
Oct 18, 2026$2.28m
Oct 19, 2026$2.28m
Oct 20, 2026$2.33m
Oct 21, 2026$2.85m
Oct 22, 2026$2.78m
Oct 23, 2026$2.73m
Oct 24, 2026$2.76m
Oct 25, 2026$2.77m
Oct 26, 2026$2.88m
Oct 27, 2026$2.88m
Oct 28, 2026$2.88m
Oct 29, 2026$2.9m
Oct 30, 2026$2.88m
Oct 31, 2026$2.8m
Nov 1, 2026$2.84m
Nov 2, 2026$2.91m
Nov 3, 2026$2.91m
Nov 4, 2026$2.86m
Nov 5, 2026$2.85m
Nov 6, 2026$2.86m
Nov 7, 2026$2.87m
Nov 8, 2026$2.89m
Nov 9, 2026$2.94m
Nov 10, 2026$2.95m
Nov 11, 2026$2.95m
Nov 12, 2026$2.93m
Nov 13, 2026$2.86m
Nov 14, 2026$2.92m
Nov 15, 2026$2.83m

TVL at each month end, Sep 2026 to Nov 2026

DateTVL
Sep 30, 2026$1.47m
Oct 31, 2026$2.8m
Nov 15, 2026 (latest)$2.83m

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

Frequently asked questions

What is Reflect Tranches' TVL?

As of Nov 15, 2026, Reflect Tranches has $2.84m in total value locked. TVL has increased 32.3% over the past 30 days.

What chains does Reflect Tranches operate on?

Reflect Tranches operates on Solana. Solana holds the largest share at 100%.

How does Reflect Tranches' TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, Reflect Tranches ranks #53 by TVL. The category holds $3.892b across 580 protocols, and Reflect Tranches accounts for 0.1% of that total. Similar protocols include Sanctum Reserve, Exponent Yield Exchange, Exponent Risk Tranching, Mezzanine, Vectis Finance, Quarry, Sunny, RateX DEX, PiggyBank, and The Vault Unstake Pool.

How much trading volume does Reflect Tranches process?

Reflect Tranches processed $1.82m in DEX volume over the past 30 days.