Total Value Locked$99,856
TVL by Chain
Ethereum$98,794
Arbitrum$600.17
Base$461.19
Key Metrics
Open Interest$11,253
Active Loans$38,376
Protocol Information
Tristero Margin is a margin trading platform that allows users to trade with leverage.
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. Tristero TVL counts the base asset collateral locked in active margin escrows and v3 margin vault deposits. Borrowed exports outstanding legacy position debt plus v3 vault assets lent out, calculated as getTVOL() minus idle vault balance.View code on GitHubYields
Pools Tracked2
Average Supply APY7.8%
Competitors
Tristero Margin history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Apr 9, 2026 to Oct 20, 2026.
All-time high TVL: $99,874 on Oct 19, 2026. All-time low TVL: $42 on Jun 26, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $28,020 |
| Sep 22, 2026 | $24,292 |
| Sep 23, 2026 | $24,293 |
| Sep 24, 2026 | $28,010 |
| Sep 25, 2026 | $24,098 |
| Sep 26, 2026 | $23,497 |
| Sep 27, 2026 | $19,730 |
| Sep 28, 2026 | $19,941 |
| Sep 29, 2026 | $19,381 |
| Sep 30, 2026 | $19,936 |
| Oct 1, 2026 | $19,937 |
| Oct 2, 2026 | $19,945 |
| Oct 3, 2026 | $19,970 |
| Oct 4, 2026 | $19,966 |
| Oct 5, 2026 | $19,967 |
| Oct 6, 2026 | $19,968 |
| Oct 7, 2026 | $19,966 |
| Oct 8, 2026 | $19,960 |
| Oct 9, 2026 | $19,953 |
| Oct 10, 2026 | $19,950 |
| Oct 11, 2026 | $19,946 |
| Oct 12, 2026 | $19,948 |
| Oct 13, 2026 | $99,853 |
| Oct 14, 2026 | $99,861 |
| Oct 15, 2026 | $99,856 |
| Oct 16, 2026 | $99,833 |
| Oct 17, 2026 | $99,858 |
| Oct 18, 2026 | $99,870 |
| Oct 19, 2026 | $99,874 |
| Oct 20, 2026 | $99,852 |
TVL at each month end, Apr 2026 to Oct 2026
| Date | TVL |
|---|---|
| Apr 30, 2026 | $983 |
| May 31, 2026 | $407 |
| Jun 30, 2026 | $43 |
| Jul 31, 2026 | $39,388 |
| Aug 31, 2026 | $28,014 |
| Sep 30, 2026 | $19,936 |
| Oct 20, 2026 (latest) | $99,852 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/tristero-margin
Frequently asked questions
What is Tristero Margin's TVL?
As of Oct 20, 2026, Tristero Margin has $99,856 in total value locked. TVL has increased 256.5% over the past 30 days.
What chains does Tristero Margin operate on?
Tristero Margin operates on 3 chains: Ethereum, Arbitrum, and Base. Ethereum holds the largest share at 98.9%.
How does Tristero Margin's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Tristero Margin ranks #100 by TVL. The category holds $1.958b across 423 protocols, and Tristero Margin accounts for <0.1% of that total. Similar protocols include Apex Omni, Aevo Perps, Contango V2, IPOR Derivatives, Vest Markets, Derive V2, Lynx, Defx, Primex Finance, and Satori Perp.
How much has been borrowed through Tristero Margin?
As of Oct 20, 2026, Tristero Margin has $38,376 in active loans.