Toucan Protocol

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. Aug 4, 2022
   Listed on DeFiLlama
2. Mar 7, 2024
   BCT administrative control transferred to KlimaDAO
3. May 24, 2022
   Verra prohibits tokenization

Toucan Protocol operates in the RWA category of DeFi. It is deployed across 4 chains, including Polygon, Celo, Base, Regen. The codebase has been independently audited (1 report on file). DeFiLlama tracks 2 historical events for this protocol since 2022.

Toucan Protocol operates on 4 networks (Polygon, Celo, Base, Regen), keeping its surface area narrower than chain-agnostic peers. Roughly 94% of its on-chain value sits on just three networks (Polygon, Celo, Base), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Witnet); 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.

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

Toucan Protocol is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Paxos Gold, and 3 more. These peer protocols collectively secure $14.3B in deposits, giving you a frame of reference for whether Toucan Protocol's own TVL is at the top, middle, or tail of the category.

Tether Gold

TVL $3.6B · 24h -0.43%

BlackRock BUIDL

TVL $2.5B · 24h +0.43%

Paxos Gold

TVL $2.5B · 24h -0.60%

Circle USYC

TVL $2.4B · 24h +4.42%

Ondo Yield Assets

TVL $2B · 24h -0.67%

Centrifuge Protocol

TVL $1.3B · 24h +4.07%