Protocol Information
USDT yield vault on Ethereum. Deposit USDT, receive XAUSD ERC-4626 shares
Methodology
TVL: Counts onchain USDT held by the XAUSD vault contract, less pending treasury fees. Queued redemptions remain included until paid. All strategy balances, including MPC adapter reserves and external custody, are excluded.View code on GitHubCompetitors
XAX V2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 18, 2026 to Oct 16, 2026.
All-time high TVL: $2,875 on Sep 18, 2026. All-time low TVL: $1,715 on Oct 16, 2026.
Daily TVL, Sep 18, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 18, 2026 | $2,875 |
| Sep 19, 2026 | $2,803 |
| Sep 20, 2026 | $2,779 |
| Sep 21, 2026 | $2,757 |
| Sep 22, 2026 | $2,804 |
| Sep 23, 2026 | $2,754 |
| Sep 24, 2026 | $2,636 |
| Sep 25, 2026 | $2,625 |
| Sep 26, 2026 | $2,609 |
| Sep 27, 2026 | $2,542 |
| Sep 28, 2026 | $2,158 |
| Sep 29, 2026 | $2,155 |
| Sep 30, 2026 | $2,083 |
| Oct 1, 2026 | $2,127 |
| Oct 2, 2026 | $2,128 |
| Oct 3, 2026 | $2,126 |
| Oct 4, 2026 | $1,964 |
| Oct 5, 2026 | $1,946 |
| Oct 6, 2026 | $1,947 |
| Oct 7, 2026 | $1,947 |
| Oct 8, 2026 | $1,946 |
| Oct 9, 2026 | $2,087 |
| Oct 10, 2026 | $2,032 |
| Oct 11, 2026 | $2,020 |
| Oct 12, 2026 | $1,797 |
| Oct 13, 2026 | $1,827 |
| Oct 14, 2026 | $1,828 |
| Oct 15, 2026 | $1,817 |
| Oct 16, 2026 | $1,715 |
TVL at each month end, Sep 2026 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $2,083 |
| Oct 16, 2026 (latest) | $1,715 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/xax-v2
Frequently asked questions
What is XAX V2's TVL?
As of Oct 16, 2026, XAX V2 has $1,680 in total value locked.
What chains does XAX V2 operate on?
XAX V2 operates on Ethereum. Ethereum holds the largest share at 100%.
How does XAX V2's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, XAX V2 ranks #337 by TVL. The category holds $4.792b across 569 protocols, and XAX V2 accounts for <0.1% of that total. Other leading protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, Avalon Superearn, Concentrator, Yuzu Money, Lorenzo sUSD1+, Wise Token, and infiniFi.