Blend Backstop V2

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 V2 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 V2 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 V2 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. Apr 30, 2025
   Listed on DeFiLlama

Blend Backstop V2 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.

Verified external resources for Blend Backstop V2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Blend Backstop V2 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 V2'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%