Spine Finance
Total Value Locked$25,240
TVL by Chain
Robinhood Chain$25,240
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$436.57
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.
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 GitHubCompetitors
Spine Finance history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Sep 23, 2026 to Oct 16, 2026.
All-time high TVL: $42,358 on Sep 23, 2026. All-time low TVL: $25,243 on Oct 16, 2026.
Daily TVL, Sep 23, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $42,358 |
| Sep 24, 2026 | $42,280 |
| Sep 25, 2026 | $42,261 |
| Sep 26, 2026 | $42,284 |
| Sep 27, 2026 | $42,289 |
| Sep 28, 2026 | $42,303 |
| Sep 29, 2026 | $42,206 |
| Sep 30, 2026 | $42,210 |
| Oct 1, 2026 | $42,254 |
| Oct 2, 2026 | $42,302 |
| Oct 3, 2026 | $42,342 |
| Oct 4, 2026 | $32,324 |
| Oct 5, 2026 | $32,390 |
| Oct 6, 2026 | $32,507 |
| Oct 7, 2026 | $32,508 |
| Oct 8, 2026 | $32,452 |
| Oct 9, 2026 | $32,301 |
| Oct 10, 2026 | $32,236 |
| Oct 11, 2026 | $32,238 |
| Oct 12, 2026 | $32,282 |
| Oct 13, 2026 | $32,137 |
| Oct 14, 2026 | $32,282 |
| Oct 15, 2026 | $25,246 |
| Oct 16, 2026 | $25,243 |
TVL at each month end, Sep 2026 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $42,210 |
| Oct 16, 2026 (latest) | $25,243 |
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 Oct 16, 2026, Spine Finance has $25,240 in total value locked.
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 #277 by TVL. The category holds $51.644b across 517 protocols, and Spine Finance accounts for <0.1% of that total. Other leading protocols include Morpho Blue, TermMax, Native Credit Pool, Longbow, LayerBank, Kaskad, Flock Credit, Ripe Protocol, Borro, and Zona.
How much has been borrowed through Spine Finance?
As of Oct 16, 2026, Spine Finance has $436.57 in active loans.