Wand Protocol
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Protocol TVL
About Wand Protocol
Wand protocol offers stablecoins for low-risk stability and margin tokens for higher volatility, catering to diverse investment strategies through standardized, pooled assets
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
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.
Wand Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Mar 2, 2024Listed on DeFiLlama
Protocol Profile
Wand 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 across 2 chains, including Blast, Story.
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Wand Protocol operates on 2 networks (Blast, Story), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Blast, which holds 70% of all assets — other deployments are comparatively small. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices.
Official Resources & Links
Verified external resources for Wand 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
Wand 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 Wand Protocol's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Wand Protocol news
Latest reporting from major crypto news outlets covering Wand Protocol.
- Coindesk
Wormhole's W Token Is Paying Out 999% a Week on Solana Protocol Kamino
The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.
- Blockchain News
Wormhole Announces W Token Airdrop
Wormhole, a leading interoperability protocol, has unveiled its native token W and an airdrop to decentralize its network, reinforcing its commitment to the Web3 vision.
- The Daily Hodl
Ripple Launching RLUSD Stablecoin on Layer-2s Optimism, Base, Ink and Unichain
Ripple is preparing to launch its stablecoin, RLUSD, on multiple layer-2 platforms. The payments firm says it is partnering with the multichain interoperability protocol Wormhole…
- Crypto Reporter
Best Crypto's To Purchase Below $1: Wormhole (W) and 1000x A.i Exchange Token O2T
In the vast ocean of cryptocurrencies, finding tokens that offer significant growth potential without breaking the bank is a treasure hunt for investors. Among the plethora of…
- CoinPedia
Kamino's 999% Weekly Yield with Wormhole's W Token
Kamino, a new groundbreaking opportunity as a DeFi application on the Solana network, is offering an extraordinary weekly yield of over 999%, paid out in W and JTO tokens,…
- Coingape
Robinhood Welcomes Wormhole (W) & Jupiter (JUP) Trading in Europe, Prices To Rally?
In an optimistic bid, Robinhood Crypto, a renowned cryptocurrency trading platform, has recently announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for…
- Invezz
Wormhole and SUI sink double digits from recent highs; Returns earmarked on $MEDA presale
Wormhole (W) and SUI investors are currently counting their losses after enjoying massive gains. However, they can console themselves with the huge potential of Milei Moneda.…
- The Block
Solana-based betting platform Parcl loses 40% TVL after airdrop
Other Solana-based airdrop tokens W and TNSR have seen declines in value, while the network has been experiencing major congestion issues.
Related protocols
Other DeFi protocols connected to Wand 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 Blast
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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