USD8

Total Value Locked$142,450

TVL by Chain

Ethereum$142,450

Protocol Information

USD8 is a stablecoin backed 1:1 by USDC. Holding USD8 earns an insurance score used to claim free cover against losses on selected DeFi tokens, paid from Cover Pools.

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Category:Insurance

Audits:

Methodology

TVL: TVL is the USDC reserve backing USD8 (held by the Treasury or deployed to its reserve strategies, read from Treasury.getReserveBalance) plus the assets deposited in USD8 Cover Pools (totalAssets of each pool listed by the Registry), excluding any USD8 Cover Pool since that USD8 is already backed by the reserve. Reserve USDC supplied to Morpho through a strategy is also counted in Morpho TVL.

Competitors

Nexus Mutual Insurance ($84.16m)Easedefi.org ($4.6m)Unslashed ($3.04m)Ensuro ($2.38m)Cozy Earn ($855,646)Cover Protocol ($480,457)iTrust Finance ($442,131)Ante Finance ($418,345)Sherlock ($226,867)InsurAce ($138,913)

USD8 history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 21, 2026 to Nov 12, 2026.

All-time high TVL: $144,221 on Nov 7, 2026. All-time low TVL: $25,882 on Oct 21, 2026.

Daily TVL, Oct 21, 2026 to Nov 12, 2026

Date	TVL
Oct 21, 2026	$25,882
Oct 22, 2026	$36,014
Oct 23, 2026	$45,438
Oct 24, 2026	$45,390
Oct 25, 2026	$45,287
Oct 26, 2026	$45,122
Oct 27, 2026	$45,065
Oct 28, 2026	$45,264
Oct 29, 2026	$39,444
Oct 30, 2026	$52,858
Oct 31, 2026	$53,129
Nov 1, 2026	$64,326
Nov 2, 2026	$64,455
Nov 3, 2026	$94,236
Nov 4, 2026	$94,318
Nov 5, 2026	$96,011
Nov 6, 2026	$144,195
Nov 7, 2026	$144,221
Nov 8, 2026	$144,211
Nov 9, 2026	$143,408
Nov 10, 2026	$143,166
Nov 11, 2026	$142,488
Nov 12, 2026	$142,470

TVL at each month end, Oct 2026 to Nov 2026

Date	TVL
Oct 31, 2026	$53,129
Nov 12, 2026 (latest)	$142,470

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/usd8

Frequently asked questions

What is USD8's TVL?

As of Nov 12, 2026, USD8 has $142,450 in total value locked.

What chains does USD8 operate on?

USD8 operates on Ethereum. Ethereum holds the largest share at 100%.

How does USD8's TVL compare to similar protocols?

Among Insurance protocols tracked by DefiLlama, USD8 ranks #11 by TVL. The category holds $150.52m across 33 protocols, and USD8 accounts for 0.1% of that total. Similar protocols include Nexus Mutual Insurance, Easedefi.org, Unslashed, Ensuro, Cozy Earn, Cover Protocol, iTrust Finance, Ante Finance, Sherlock, and InsurAce.