InformationTVL

Defrost (MELT)

Total Value Locked$83,443

TVL by Chain

Avalanche$83,443

Key Metrics

$MELT Price$0.0006

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 ($36.71m)Angle ($25.97m)Abracadabra Spell ($25.7m)QiDao ($9.33m)Parallel Protocol V3 ($668,949)Iron Finance ($316,101)xDollar ($180,872)Button Wrappers ($93,441)Teddy Cash ($47,793)TopShelf ($46,649)