AxeDAO

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

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Counts DAI, USDC and DAI SLP (AXE-DAI) on the treasury

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Nov 17, 2021
   Listed on DeFiLlama
2. Mar 31, 2022
   Rug Pull

AxeDAO is a Reserve Currency issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Ethereum. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2022.

AxeDAO is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

AxeDAO is one of 7 Reserve Currency protocols Mantapex tracks in this category. Direct peers ranked by total value locked include The Idols, Nirvana V2, Rezerve Money, and 3 more. These peer protocols collectively secure $10.2M in deposits, giving you a frame of reference for whether AxeDAO's own TVL is at the top, middle, or tail of the category.

The Idols

TVL $6.3M · 24h +0.19%

Nirvana V2

TVL $2.7M · 24h -0.06%

Rezerve Money

TVL $728.8K · 24h +1.16%

FlareBank

TVL $325.8K · 24h -1.97%

Eggs Finance

TVL $67.4K · 24h +2.78%

BakerDAO

TVL $50.1K · 24h -2.74%