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Makina
Total Value Locked$45.12m
TVL by Chain
Ethereum$45.11m
Base$3,398
Key Metrics
Fees 30d$185,597
Fees 30d by chain
Ethereum$185,597
Base$0.77
Fees 7d$38,869
Ethereum$38,869
Base$0.73
Fees 24h$4,298
Ethereum$4,298
Base$0.13
Cumulative Fees$2.34m
Ethereum$2.54m
Base$0.90
Revenue 30d$4,818
Revenue 30d by chain
Ethereum$4,818
Base$0.07
Revenue 7d$1,243
Ethereum$1,242
Base$0.06
Revenue 24h$189
Ethereum$189
Base$0.01
Cumulative Revenue$171,041
Ethereum$171,041
Base$0.08
Total Raised$3m
Jun 25, 2025$3mRound: StrategicInvestors: Bodhi Ventures, Cyber Fund, Interop Ventures, Steakhouse Financial, Notation Capital, BaseDAO, Hypernative Labs
Protocol Information
Makina is DeFi execution infrastructure for onchain asset managers. Operators deploy strategies as Machines, vaults that allocate capital across protocols and chains through Calibers, with built-in accounting, risk controls and cross-chain execution.
Audits:
Methodology
TVL: Machines and pre-deposit vaults are discovered from Makina factory events. TVL is the sum of each machine's on-chain lastTotalAum() (hub and spoke calibers combined), valued in its accounting token, plus deposit tokens still held by pre-deposit vaults. Makina share tokens held by other Makina machines or calibers are subtracted to avoid double counting nested strategies.View code on GitHubFees: Yield earned by Makina machine depositors, plus the management and performance fees minted by machines.View code on GitHubRevenue: Makina treasury share of the management and performance fees.View code on GitHubYields
Pools Tracked10
Average Supply APY4.25%
Hacks
Date: Jan 20, 2026
Amount: $4.2m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $3.41m
Competitors
Frequently Asked Questions
What is Makina's TVL?
Makina currently has $45.12m in total value locked. TVL has increased 11.8% over the past 30 days.
What chains does Makina operate on?
Makina operates on 2 chains: Ethereum and Base. Ethereum holds the largest share at 100%.
How much has Makina generated in fees and revenue?
Over the past 30 days, Makina generated $185,597 in fees. Of that, $4,818 was protocol revenue. Based on the trailing year, the annualized rate is $2.46m in fees and $179,714 in revenue.
How does Makina's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, Makina ranks #16 by TVL. The category holds $9.118b across 85 protocols, and Makina accounts for 0.5% of that total. Other leading protocols include Spark Liquidity Layer, Veda, Grove Finance, Upshift, Aera V3, Lagoon, Ember Protocol, Fusion by IPOR, Lombard Vaults, and Aera V2.
How many yield pools does Makina have?
DefiLlama tracks 10 Makina yield pools with an average APY of 4.2%.
Has Makina ever been exploited?
Makina has 1 recorded security incident. The most recent incident occurred on Jan 20, 2026 and involved $4.2m. It was classified as Oracle Manipulation.