Blend Backstop

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 the total amount of BLND-USDC LP shares held by the Blend backstop contract.

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

Blend Backstop is published as a versioned release inside the Blend protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Blend Backstop is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

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

1. Jun 5, 2024
   Listed on DeFiLlama
2. Apr 28, 2025
   Only account for lp tokens held by the backstop contract
3. Apr 24, 2025
   Calculate TVL using BLND Coin Gecko price instead of approximation via pool weights

Blend Backstop is a Insurance 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 Stellar. DeFiLlama tracks 2 historical events for this protocol since 2025.

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

Blend Backstop is one of 7 Insurance protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Nexus Mutual, Easedefi.org, 3F Mutual, and 3 more. These peer protocols collectively secure $125.2M in deposits, giving you a frame of reference for whether Blend Backstop's own TVL is at the top, middle, or tail of the category.

Nexus Mutual

TVL $110.9M · 24h +0.24%

Easedefi.org

TVL $5.1M · 24h +0.45%

3F Mutual

TVL $4.5M · 24h +0.82%

Unslashed

TVL $3.4M · 24h +0.20%

Cover Protocol

TVL $809.8K · 24h +0.03%

Sherlock

TVL $507.3K · 24h +0.00%