Ask about Tornadao
Logo of TornadaoTornadao(NADO)
Total Value Locked$4.23

TVL by Chain

Avalanche$4.23

Key Metrics

Staked$0

Protocol Information

Tornadao is a decentralized reserve currency protocol available on the Avalanche (AVAX) Network based on the NADO token. Each NADO token is backed by a basket of assets (initially with MIM, and MIM/NADO) in the Tornadao treasury

Category:Reserve Currency

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Methodology

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

Competitors

Sierra ($842.25)Avalps ($292.98)SpiritDAO ($140.18)Ara Finance ($102.41)PirateDAO ($56.19)Life DAO ($24.5)Spicy DAO ($20.88)NoahArkDAO ($13.35)Papa DAO ($5.12)Gaia DAO ($4.81)

Frequently Asked Questions

What is Tornadao?

Tornadao is a decentralized reserve currency protocol available on the Avalanche (AVAX) Network based on the NADO token. Each NADO token is backed by a basket of assets (initially with MIM, and MIM/NADO) in the Tornadao treasury

What is Tornadao's TVL?

Tornadao currently has $4.23 in total value locked. TVL has increased 5.7% over the past 30 days.

What chains does Tornadao operate on?

Tornadao operates on Avalanche. Avalanche holds the largest share at 100%.

How does Tornadao's TVL compare to similar protocols?

Among Reserve Currency protocols tracked by DefiLlama, Tornadao ranks #32 by TVL. The category holds $8.64m across 95 protocols, and Tornadao accounts for <0.1% of that total. Other leading protocols include The Idols, Nirvana, and Rezerve.