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Spine Finance

Total Value Locked$4.03

TVL by Chain

Robinhood Chain$4.03

The chart plots Active Loans as its own series; it is not part of the TVL above.

Key Metrics

Active Loans$0

Protocol Information

Spine Finance is a Fixed-Rate Origination Infrastructure, created for the institutional-grade management of digital assets. Built on Ethereum and the EVM ecosystem, Spine introduces a hybrid liquidity architecture that bridges the gap between vault-based lending and orderbook-style term structures.

X/Twitter
Category:Lending

Audits:

Methodology

TVL: TVL is the idle USDG in the Spine vault, the vault's deposits in its ERC-4626 sub-vaults (currently Steakhouse USDG on Morpho), and the collateral posted in the borrow controller. Outstanding USDG loans are reported as borrowed.View code on GitHub

Competitors

Morpho Blue ($10.071b)Native Credit Pool ($18.84m)LayerBank ($4.61m)Longbow ($2.34m)TermMax ($671,591)Kaskad ($620,669)Ripe Protocol ($92,703)Flock Credit ($76,818)Borro ($43,920)Zona ($33,841)

Closest by TVL

Friendly Market ($6)Keom Protocol ($4.80)iLend V1 ($3.66)Arbor Finance ($3.49)

Spine Finance history

TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Sep 23, 2026 to Nov 15, 2026.

All-time high TVL: $42,358 on Sep 23, 2026. All-time low TVL: $4 on Oct 22, 2026.

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

DateTVL
Oct 17, 2026$25,247
Oct 18, 2026$25,249
Oct 19, 2026$25,256
Oct 20, 2026$25,262
Oct 21, 2026$25,272
Oct 22, 2026$4
Oct 23, 2026$4
Oct 24, 2026$4
Oct 25, 2026$4
Oct 26, 2026$4
Oct 27, 2026$4
Oct 28, 2026$4
Oct 29, 2026$4
Oct 30, 2026$4
Oct 31, 2026$4
Nov 1, 2026$4
Nov 2, 2026$4
Nov 3, 2026$4
Nov 4, 2026$4
Nov 5, 2026$4
Nov 6, 2026$4
Nov 7, 2026$4
Nov 8, 2026$4
Nov 9, 2026$4
Nov 10, 2026$4
Nov 11, 2026$4
Nov 12, 2026$4
Nov 13, 2026$4
Nov 14, 2026$4
Nov 15, 2026$4

TVL at each month end, Sep 2026 to Nov 2026

DateTVL
Sep 30, 2026$42,210
Oct 31, 2026$4
Nov 15, 2026 (latest)$4

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

Frequently asked questions

What is Spine Finance's TVL?

As of Nov 15, 2026, Spine Finance has $4.03 in total value locked. TVL has decreased 100% over the past 30 days.

What chains does Spine Finance operate on?

Spine Finance operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.

How does Spine Finance's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Spine Finance ranks #454 by TVL. The category holds $45.154b across 521 protocols, and Spine Finance accounts for <0.1% of that total. Similar protocols include Morpho Blue, Native Credit Pool, LayerBank, Longbow, TermMax, Kaskad, Ripe Protocol, Flock Credit, Borro, and Zona.

How much has been borrowed through Spine Finance?

As of Nov 15, 2026, Spine Finance has $0 in active loans.