Ask about reed
Logo of reedreed
Total Value Locked$90,899.09

TVL by Chain

Cardano$90,899.09

Protocol Information

reed is a permissionless, immutable stablecoin protocol on Cardano — lock ADA, mint USDR. 1% one-off fee, zero interest, zero governance.

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Category:CDP

Methodology

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

Competitors

Indigo ($3.93m)Sky Lending ($5.462b)USDD ($1.257b)Lista CDP ($225.79m)Liquity V1 ($180.79m)crvUSD ($151.93m)Liquity V2 ($96.51m)Frankencoin ($82.36m)Reservoir Protocol ($73.74m)Felix CDP ($31.9m)

Frequently Asked Questions

What is reed's TVL?

reed currently has $90,899.09 in total value locked. TVL has increased 16.7% over the past 30 days.

What chains does reed operate on?

reed operates on Cardano. Cardano holds the largest share at 100%.

How does reed's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, reed ranks #90 by TVL. The category holds $7.796b across 203 protocols, and reed accounts for <0.1% of that total. Other leading protocols include Indigo, Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Frankencoin, Reservoir Protocol, and Felix CDP.