Chi Protocol
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Protocol TVL
About Chi Protocol
Chi Protocol is the scalable LST-backed stablecoin protocol powered by USC and CHI. Users can mint USC 1:1 vs. ETH/stETH, and LSTs are used to payout real yield to the governance token CHI.
Smart contracts and arbitrage incentives automatically maintain the protocol's stability and solvency.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Chi Protocol tokenomics and on-chain capital
Chi Protocol's governance or utility token carries a market capitalisation of $4.4K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($4.4K) is small relative to deposits secured by the protocol ($11.1K); a mcap/TVL multiple of 0.39× 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.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Chi Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- May 16, 2024Listed on DeFiLlama
Protocol Profile
Chi Protocol is a Partially Algorithmic Stablecoin 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).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Chi Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-pool2, pool2), so a fault on any one of them would affect a large slice of users. 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. Token market cap ($4.4K) and TVL ($11.1K) trade at a ratio of 0.39, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Chi Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Partially Algorithmic Stablecoin protocols on Mantapex
Chi Protocol is one of 6 Partially Algorithmic Stablecoin protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Flat Money V2, dTRINITY dUSD, FxDAO, and 2 more. These peer protocols collectively secure $4.7M in deposits, giving you a frame of reference for whether Chi Protocol's own TVL is at the top, middle, or tail of the category.
Recent Chi Protocol news
Latest reporting from major crypto news outlets covering Chi Protocol.
- Crypto news
Yescoin founder Zhang Chi detained amid business dispute in China
Zhang Chi, also known as Zoroo, the founder of Yescoin — a mini-game project within the Telegram Open Network ecosystem — was detained by Shanghai police.
- Cryptonews
Yescoin Founder Zhang Chi Detained by Shanghai Police Amid Business Dispute
Yescoin founder Zhang Chi has been detained by Shanghai police following a business dispute with his partners. The announcement has raised concerns within the community, with some…
- Coindesk
Tom Lee's Ethereum Treasury Firm BitMine Immersion Appoints Chi Tsang as CEO
BitMine Immerision (BMNR), the largest corporate holder of ether ETH$3,135.31, said on Friday it has appointed Chi Tsang as its new chief executive officer, succeeding Jonathan…
- CNBC
36-year-old American Air Force vet lives and works in Ho Chi Minh City, spends around $1,031/mo: It's the 'safest place I've ever lived'
While Markeiz Ryan, 36, was a senior airman in the U.S. Air Force, he took a trip to Vietnam that would set him off on a new journey — he just didn't know it yet.
- Cryptopolitan
BitMine revamps leadership as Ether holdings soar
BitMine appointed Chi Tsang as its new CEO and added three independent board members.
- Crypto Briefing
BitMine Immersion Technologies stock dips with Ethereum post new CEO appointment
BitMine stock fell alongside Ethereum after Chi Tsang was appointed CEO to lead the firms ETH-focused treasury plan. BitMine Immersion Technologies stock dips with Ethereum post…
- The Currency Analytics
BitMine Names New CEO as Ethereum Treasury Surges to $11 Billion
BitMine Immersion Technologies has entered a new stage of its corporate evolution with a major leadership change and a rapidly expanding Ethereum treasury. The company, known for…
Related protocols
Other DeFi protocols connected to Chi Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Partially Algorithmic Stablecoin protocols
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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