WaterNeuron

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

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.

Staked tokens are counted as TVL.

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

WaterNeuron's governance or utility token carries a market capitalisation of $4.5M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($4.5M) and TVL ($3.5M) trade close together, giving a mcap/TVL multiple of 1.29× — broadly the range market participants treat as "fair" for an established DeFi protocol.

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.

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

1. Jul 24, 2024
   Listed on DeFiLlama

WaterNeuron is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on ICP. The codebase has been independently audited (1 report on file).

WaterNeuron is a single-chain protocol, deployed exclusively on ICP — 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. Token market cap ($4.5M) and TVL ($3.5M) trade at a ratio of 1.29, in the range generally considered normal for an established DeFi protocol.

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

WaterNeuron is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Lido, Binance staked ETH, Rocket Pool, and 3 more. These peer protocols collectively secure $35B in deposits, giving you a frame of reference for whether WaterNeuron's own TVL is at the top, middle, or tail of the category.

Lido

TVL $21.4B · 24h -0.07%

Binance staked ETH

TVL $8.6B · 24h +0.81%

Rocket Pool

TVL $1.3B · 24h +0.27%

DoubleZero Staked SOL

TVL $1.3B · 24h -0.46%

Sanctum Validator LSTs

TVL $1.2B · 24h +0.03%

Jito Liquid Staking

TVL $1.2B · 24h +0.03%