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Ruby Finance
Ruby Finance
RUBYAlgo-Stables
DeFiLlama Algo-Stables·$3.9 TVL·+0.50% 1h·+4.87% 24h·-4.04% 7d·1 chains

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Protocol TVL

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About Ruby Finance

Ruby Finance is the first innovative algorithmic token pegged to $KAVA running on KAVA network.

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

How Ruby Finance'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.

Pool2 deposits consist of RUBY/USDC, RUBY/KAVA, RSHARE/KAVA and RUBY/RSHARE LP deposits while the staking TVL consists of the RSHARE tokens locked within the Boardroom contract.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Ruby Finance tokenomics and on-chain capital

A further $1.1 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.

Tokens staked in protocol
$1.1
Locked native staking

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

No public audits on record
Price oracles
TWAP· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

Ruby Finance Timeline

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

  1. Jun 10, 2022
    Listed on DeFiLlama
  2. Aug 15, 2022
    incentives not given

Protocol Profile

Ruby Finance 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 Kava. DeFiLlama tracks 1 historical event for this protocol since 2022.

TVL Distribution by Chain

TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.

Kava
$3.9(30.4%)
Kava-pool2
$3.3(26.0%)
pool2
$3.3(26.0%)
Kava-staking
$1.1(8.8%)
staking
$1.1(8.8%)

Supported Chains

Kava

Protocol Footprint

Ruby Finance is a single-chain protocol, deployed exclusively on Kava — this concentrates execution risk but simplifies the trust model. TVL is comparatively balanced across networks: even the largest deployment (Kava) holds only 30% 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.

Official Resources & Links

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

Twitter / X — @Ruby_Protocol
twitter.com

Other Algo-Stables protocols on Mantapex

Ruby Finance 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 Ruby Finance's own TVL is at the top, middle, or tail of the category.

Frax
Frax
TVL $63.3M · 24h +0.03%
Mento V2
Mento V2
TVL $17.6M · 24h +1.42%
Generic.Money
Generic.Money
TVL $3.5M · 24h +0.00%
DefiDollar DAO
DefiDollar DAO
TVL $864.2K · 24h +3.23%
Lumi Finance
Lumi Finance
TVL $841.8K · 24h -0.17%
Sigmausd
Sigmausd
TVL $565.7K · 24h -2.12%
Browse all Algo-Stables protocols on Mantapex

Recent Ruby Finance news

Latest reporting from major crypto news outlets covering Ruby Finance.

Related protocols

Other DeFi protocols connected to Ruby Finance by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

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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