Kestrel

Total Value Locked$447,944

TVL by Chain

Solana$447,944

TVL

USDSOL

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

Website X/Twitter

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.

Competitors

Upshift ($400.91m)Neutral Trade ($24.43m)Perena Vaults ($13.15m)Exponent Strategy Vaults ($11.72m)Kvants ($90,829)Knightrade ($1.45)Spark Liquidity Layer ($2.652b)Veda ($1.838b)Concrete ($1.187b)Grove Finance ($1.134b)

Frequently Asked Questions

What is Kestrel's TVL?

Kestrel currently has $447,944 in total value locked. TVL has increased 95.5% 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 #47 by TVL. The category holds $9.092b across 85 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, Veda, Concrete, and Grove Finance.