Droplit Protocol
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Protocol TVL
About Droplit Protocol
Droplit's LIT is an algorithmic token designed to maintain a 1:1 peg to BUSD
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Droplit Protocol tokenomics and on-chain capital
A further $125.9 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.
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.
Droplit Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 12, 2023Listed on DeFiLlama
Protocol Profile
Droplit Protocol is a Algo-Stables 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 Binance. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 4 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Droplit Protocol is a single-chain protocol, deployed exclusively on Binance — this concentrates execution risk but simplifies the trust model. TVL is comparatively balanced across networks: even the largest deployment (Binance-pool2) holds only 36% of the protocol's value. Price feeds come from a single oracle provider (TWAP); 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.
Official Resources & Links
Verified external resources for Droplit Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Algo-Stables protocols on Mantapex
Droplit Protocol is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Mento V2, Generic.Money, and 3 more. These peer protocols collectively secure $86.8M in deposits, giving you a frame of reference for whether Droplit Protocol's own TVL is at the top, middle, or tail of the category.
Recent Droplit Protocol news
Latest reporting from major crypto news outlets covering Droplit Protocol.
Related protocols
Other DeFi protocols connected to Droplit Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Algo-Stables protocols
Top protocols on Binance
Fork lineage & related versions
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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