Scarab Finance

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

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

1. Jan 1, 2022
   Listed on DeFiLlama

Scarab 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 Fantom. The codebase has partial audit coverage; review the linked reports before trusting it with large positions.

Scarab Finance is a single-chain protocol, deployed exclusively on Fantom — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

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

Frax

TVL $63.3M · 24h +0.03%

Mento V2

TVL $17.6M · 24h +1.42%

Generic.Money

TVL $3.5M · 24h +0.00%

DefiDollar DAO

TVL $864.2K · 24h +3.23%

Lumi Finance

TVL $841.8K · 24h -0.17%

Sigmausd

TVL $565.7K · 24h -2.12%