Piggybank DAO
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Protocol TVL
About Piggybank DAO
Piggybank is a decentralized reserve currency protocol based on the PB token. Each PB token is backed by a basket of assets (e.g. MIM, LPs) in the PiggyBankDAO treasury, giving it an intrinsic value that it cannot fall below.
PiggyBankDAO also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Piggybank DAO tokenomics and on-chain capital
A further $19.1K 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
Piggybank DAO Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Nov 19, 2021Listed on DeFiLlama
Protocol Profile
Piggybank DAO 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. 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
Piggybank DAO 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. 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 Piggybank DAO — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Reserve Currency protocols on Mantapex
Piggybank DAO 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 Piggybank DAO's own TVL is at the top, middle, or tail of the category.
Recent Piggybank DAO news
Latest reporting from major crypto news outlets covering Piggybank DAO.
- Cryptopolitan
PiggyBank reveals LAB token manipulation caused user losses, pledges compensation
PiggyBank, a DeFi yield protocol, has admitted that a basis trading strategy involving LAB tokens ended up costing depositors after market manipulation broke the trade. The…
- Crypto news
PiggyBank's LAB hedge backfires as USDC vault NAV drops 15%
PiggyBank closed its LAB hedge after extreme swings, with estimated NAV drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.
- Coincu
PiggyBank Reports 15% Drawdown in USDC Vault After LAB Basis Trading Error
PiggyBank, a DeFi yield protocol, has reported a 15% drawdown in its USDC vault after what the team described as a LAB basis trading error. The incident has drawn scrutiny from…
- Coingape
El Salvador Sets Bitcoin Piggy Bank With $400 Mln Bitcoin
El Salvador is known to be the first country to consider Bitcoin as legal tender. It has been crypto-friendly since 2021 and is again in highlights for its stake in Bitcoin.
- CoinPedia
Crypto News: Michigan Wants Bitcoin in Its Piggy Bank
Michigan Bitcoin Reserve Bill HB 4087 has made its first progress since February. It has advanced to the second reading in the state House of Representatives, marking a major step…
- Bitcoin
Salvadoran Press Raises Doubts on Piggy Bank Funds' Ownership: 80% of BTC Came From Bitfinex
Reports from local Salvadoran press are raising questions about President Bukele's announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of…
- Dailycoin
El Salvador's Bitcoin Vault Hits ATH on Piggy Bank Rebalance
Simple, yet effective Dollar Cost Average tactics have bore fruit for the Bitcoin pioneering state.
- Cryptonews
Ethereum Price Pinned at $2,100 Even as It Leads RWA Growth: Can ETH Piggyback on SEC Tokenization?
Ethereum price is pinned at the $2,100 zone after a brutal 8% drawdown at the end of last week. Is $2,600 too big of a target?
Related protocols
Other DeFi protocols connected to Piggybank DAO by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Reserve Currency protocols
Top protocols on Avalanche
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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