Defrost

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Defrost's governance or utility token carries a market capitalisation of 6291 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (6291 $) is small relative to deposits secured by the protocol (81.648,2 $); a mcap/TVL multiple of 0.08× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Nov 25, 2021
   Auf DeFiLlama gelistet

Defrost is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Avalanche. The codebase has been independently audited (1 report on file).

Defrost is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (6291 $) is small relative to TVL (81.648,2 $) — a mcap/TVL ratio of 0.08 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Defrost — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Defrost is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure 9,2 Mrd. $ in deposits, giving you a frame of reference for whether Defrost's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL 7,4 Mrd. $ · 24h -0.04%

USDD

TVL 563,6 Mio. $ · 24h -12.33%

Lista CDP

TVL 422,5 Mio. $ · 24h -0.11%

Avalon USDa

TVL 403,7 Mio. $ · 24h -0.57%

Liquity V1

TVL 180,4 Mio. $ · 24h +0.29%

Reservoir Protocol

TVL 166,9 Mio. $ · 24h +15.44%