Unslashed

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

Unslashed's governance or utility token carries a market capitalisation of US$39.7万 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$39.7万) is small relative to deposits secured by the protocol (US$341.7万); a mcap/TVL multiple of 0.12× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

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.

Unslashed is a Insurance protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

Unslashed is a single-chain protocol, deployed exclusively on Ethereum — 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. Its token market cap (US$39.7万) is small relative to TVL (US$341.7万) — a mcap/TVL ratio of 0.12 is often read as the token being structurally undervalued versus the activity it secures.

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

Unslashed is one of 7 Insurance protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Nexus Mutual, Easedefi.org, 3F Mutual, and 3 more. These peer protocols collectively secure US$1.2亿 in deposits, giving you a frame of reference for whether Unslashed's own TVL is at the top, middle, or tail of the category.

Nexus Mutual

TVL US$1.1亿 · 24h +0.24%

Easedefi.org

TVL US$511.8万 · 24h +0.45%

3F Mutual

TVL US$446.9万 · 24h +0.82%

Cover Protocol

TVL US$81万 · 24h +0.03%

Sherlock

TVL US$50.7万 · 24h +0.00%

iTrust Finance

TVL US$48.3万 · 24h -0.14%