DeepSeaDAO

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

A further $4.6K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

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.

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

1. Dec 31, 2021
   Listed on DeFiLlama

DeepSeaDAO 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 Avalanche.

DeepSeaDAO is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Avalanche-staking, staking, Avalanche), so a fault on any one of them would affect a large slice of users.

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

DeepSeaDAO 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 DeepSeaDAO'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%