InformationTVLStablecoin Info

Interest Protocol (USDI)

Total Value Locked$98,112

TVL by Chain

OP Mainnet$70,123

Ethereum$27,989

Key Metrics

$USDI Price$0.97

Protocol Information

Interest Protocol is a borrow/lend protocol that is highly capital-efficient thanks to its unique combination of fractional reserves and over-collateralization. Depositors may mint USDi, which is a stablecoin pegged 1-1 with USDC that automatically pays interest to holders via rebasing.

Category:CDP

Audits:

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Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.. For Interest Protocol, TVL is USDC Reserve + Total Deposited Collateral Value Reserve is the amount of USDC held by the USDI contract Balances are found through VaultController.vaultSummaries(1,VaultController.vaultsMinted()) Capped tokens converted 1:1 to underlying Wrapped Uni V3 Positions as implemented report their values to Interest Protocol in USD terms * 1e18, as such, they are currently listed as DAI in the TVL calculation, therefore DAI numbers in the TVL should be treated as Uniswap V3 position collateral value, as DAI is not otherwise listed on IP. View code on GitHub

Development Activity

Updated at Jun 14, 2025

Weekly commits23

Monthly commits44

Weekly developers5

Monthly developers8

Last commit14/06/25 (8 days ago)

Competitors

Angle ($31.97m)Abracadabra Spell ($30.4m)QiDao ($7.28m)Gravita Protocol ($2.61m)Davos Protocol ($168,651)Sky Lending ($4.778b)Avalon USDa ($538.21m)Felix CDP ($239.09m)Liquity V1 ($220.57m)crvUSD ($208.8m)