InformationTVL

Defrost (MELT)

Total Value Locked$82,189

TVL by Chain

Avalanche$82,189

staking$0

Key Metrics

$MELT Price$0.0003

Staked$0

Protocol Information

Defrost Finance is a decentralized protocol that allows you to leverage yield-bearing Tokens or other pool tokens from Avalanche and cross-chain protocols as collaterals for generating H2O, a USD-pegged stablecoin.

Category:CDP

Audits:

GitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Dec 24, 2022

Amount: $6m

Classification: Rugpull

Technique: Oracle Manipulation

Chains: Avalanche

Language: Solidity

Target Type: DeFi Protocol

Returned Funds: $6m

Source

Competitors

Frankencoin ($32.7m)Angle ($19.39m)Abracadabra Spell ($16.03m)QiDao ($5.69m)Parallel Protocol V3 ($1.76m)Iron Finance ($316,015)xDollar ($123,807)Button Wrappers ($64,948)TopShelf ($34,331)Stabilize ($24,130)