Neptune Protocol
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Protocol TVL
About Neptune Protocol
Neptune Protocol allows users to mint USDN, a stablecoin soft-pegged to the US dollar
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Neptune Protocol's TVL is measured
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.
TVL is equal to the Collateral Value + assets in PSM. Staking adds Amount of NPT staked * NPT price
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
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.
Neptune Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 3, 2025Listed on DeFiLlama
Protocol Profile
Neptune Protocol is a CDP 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 Eclipse. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Neptune Protocol is a single-chain protocol, deployed exclusively on Eclipse — this concentrates execution risk but simplifies the trust model. Price discovery relies on 2 oracle providers (Pyth, Switchboard), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. 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 Neptune Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Neptune Protocol is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Neptune Protocol's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Neptune Protocol news
Latest reporting from major crypto news outlets covering Neptune Protocol.
- CryptoPotato
Neptune Mutual Completes Strategic Round to Build Decentralized Cover Protocol for the Metaverse
[PRESS RELEASE – Please Read Disclaimer] Neptune Mutual, a multi-chain decentralized cover protocol, announced that it has raised a $3M strategic round led by Animoca Brands.…
- Blockchain News
Neptune GM NFTs Launch: VeBetterDAO Unveils Ninth Tier in Cosmic Series
VeBetterDAO introduces Neptune GM NFTs, marking the ninth tier in its cosmic journey with enhanced rewards and governance for dedicated members.
- The Currency Analytics
Neptune Digital Assets Doubles Down on Solana Staking and Bitcoin Strategy
Neptune Digital Assets, a publicly traded Canadian blockchain company, is intensifying its commitment to digital asset growth by expanding its Solana staking operations and…
- The Currency Analytics
FTX's Solana Token Sale Investor Frenzy, Eyes $7.5 Billion Windfall
Neptune Digital emerges as the vanguard in this race, boldly stepping forward as the first company to publicly announce its acquisition of Solana locks from FTX Assets. With a…
- Cointelegraph
Massive SOL liquidation by FTX estate nets nearly $2B
Galaxy Trading, Pantera Capital, and Neptune Digital Assets have acquired nearly two-thirds of FTX's stake in SOL.
- The Currency Analytics
FTX Bankruptcy Estate Sells $7.5 Billion Worth of Solana (SOL) Tokens at Discounted Rates
Galaxy Asset Management, an affiliate of Galaxy Digital Holdings, has been instrumental in facilitating these token sales, with Galaxy Trading, another affiliate, also making a…
Related protocols
Other DeFi protocols connected to Neptune Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Top protocols on Eclipse
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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