Ask about Kestrel
Logo of KestrelKestrel
Total Value Locked$223,985.73

TVL by Chain

Solana$223,985.73

Protocol Information

Kestrel turns DeFi strategies into tokens on Solana. Users deposit an asset, receive a yield-bearing token, and redeem it later at the on-chain redemption price

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Category:Onchain Capital Allocator

Methodology

TVL: TVL is the net value of every Long Yield Carry vault: collateral held idle and deposited in lending platforms (Kamino/Marginfi) minus the stable debt borrowed against it plus the redeployed yield position.View code on GitHub

Competitors

Upshift ($417.11m)Neutral Trade ($17.65m)Perena Vaults ($11.73m)Exponent Strategy Vaults ($9.3m)Kvants ($85,849.7)Knightrade ($1.46)Spark Liquidity Layer ($2.545b)Grove Finance ($1.917b)Veda ($1.774b)Concrete ($1.187b)

Frequently Asked Questions

What is Kestrel's TVL?

Kestrel currently has $223,985.73 in total value locked. TVL has increased 392.5% over the past 30 days.

What chains does Kestrel operate on?

Kestrel operates on Solana. Solana holds the largest share at 100%.

How does Kestrel's TVL compare to similar protocols?

Among Onchain Capital Allocator protocols tracked by DefiLlama, Kestrel ranks #49 by TVL. The category holds $9.49b across 79 protocols, and Kestrel accounts for <0.1% of that total. Other leading protocols include Upshift, Neutral Trade, Perena Vaults, Exponent Strategy Vaults, Kvants, Knightrade, Spark Liquidity Layer, Grove Finance, Veda, and Concrete.