Protocol Information
Shoebill Finance is a DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans and earn interest with leverage. When a borrower deposits tokens as collateral, Shoebill Finance earns interest by depositing them into protocols like Kokoa Finance, Kokonutswap, and Stake.ly. These interest earnings are then converted into the same tokens deposited by the creditor and distributed as interest
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubShoebill V1 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 27, 2023 to Feb 17, 2026.
All-time high TVL: $580,796 on Mar 15, 2023. All-time low TVL: $7,717 on Nov 22, 2023.
Daily TVL, Dec 22, 2025 to Feb 17, 2026
| Date | TVL |
|---|---|
| Dec 22, 2025 | $7,745 |
| Dec 23, 2025 | $7,742 |
| Dec 24, 2025 | $7,743 |
| Dec 25, 2025 | $7,743 |
| Dec 26, 2025 | $7,743 |
| Dec 27, 2025 | $7,742 |
| Dec 28, 2025 | $7,741 |
| Dec 29, 2025 | $7,739 |
| Dec 30, 2025 | $7,737 |
| Dec 31, 2025 | $7,737 |
| Jan 1, 2026 | $7,735 |
| Jan 2, 2026 | $7,737 |
| Jan 3, 2026 | $7,744 |
| Jan 4, 2026 | $7,743 |
| Jan 5, 2026 | $7,744 |
| Jan 6, 2026 | $7,746 |
| Jan 7, 2026 | $7,743 |
| Jan 8, 2026 | $7,739 |
| Jan 9, 2026 | $7,739 |
| Jan 10, 2026 | $7,736 |
| Jan 11, 2026 | $7,737 |
| Jan 12, 2026 | $7,735 |
| Jan 13, 2026 | $7,737 |
| Jan 14, 2026 | $7,742 |
| Jan 15, 2026 | $7,744 |
| Jan 16, 2026 | $7,744 |
| Jan 17, 2026 | $7,743 |
| Jan 18, 2026 | $7,744 |
| Jan 21, 2026 | $7,740 |
| Feb 17, 2026 | $7,745 |
TVL at each month end, Mar 2024 to Feb 2026
| Date | TVL |
|---|---|
| Mar 31, 2024 | $7,835 |
| Apr 30, 2024 | $7,823 |
| May 31, 2024 | $7,825 |
| Jun 30, 2024 | $7,815 |
| Jul 31, 2024 | $7,927 |
| Aug 31, 2024 | $7,926 |
| Sep 30, 2024 | $7,937 |
| Oct 31, 2024 | $7,747 |
| Nov 30, 2024 | $7,754 |
| Dec 31, 2024 | $7,730 |
| Jan 31, 2025 | $7,750 |
| Feb 28, 2025 | $7,742 |
| Mar 31, 2025 | $7,746 |
| Apr 30, 2025 | $7,746 |
| May 31, 2025 | $7,746 |
| Jun 30, 2025 | $7,746 |
| Jul 31, 2025 | $7,746 |
| Aug 31, 2025 | $7,746 |
| Sep 30, 2025 | $7,754 |
| Oct 31, 2025 | $7,747 |
| Nov 30, 2025 | $7,748 |
| Dec 31, 2025 | $7,737 |
| Jan 21, 2026 | $7,740 |
| Feb 17, 2026 (latest) | $7,745 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $7,832 |
| Dec 31, 2024 | $7,730 |
| Dec 31, 2025 | $7,737 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/shoebill-v1
Frequently asked questions
What is Shoebill V1's TVL?
As of Feb 17, 2026, Shoebill V1 has $7,745 in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does Shoebill V1 operate on?
Shoebill V1 operates on Klaytn.