Ask about reed

Logo of reedreed

Total Value Locked$2,321

TVL by Chain

Cardano$2,321

Protocol Information

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

WebsiteGitHubX/Twitter
Category:CDP

Methodology

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

Competitors

Indigo ($4.19m)Sky Lending ($5.996b)USDD ($1.296b)Liquity V1 ($180.83m)crvUSD ($151.52m)Liquity V2 ($98.82m)Lista CDP ($84.06m)Reservoir Protocol ($70.12m)Frankencoin ($61.64m)Inverse Finance FiRM ($33.15m)

Frequently Asked Questions

What is reed's TVL?

reed currently has $2,321 in total value locked. TVL has decreased 97.6% 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 #149 by TVL. The category holds $8.208b across 198 protocols, and reed accounts for <0.1% of that total. Other leading protocols include Indigo, Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, and Inverse Finance FiRM.