reed
reed is a permissionless, immutable stablecoin protocol on Cardano — lock ADA, mint USDR. 1% one-off fee, zero interest, zero governance.
Total Value Locked
$85.15K
30d Change
—
Category
CDP
1 chains
TVL — last 3 days
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Cardano | $85.15K | 100.0% |
About reed
reed is a cdp protocol deployed across 1 chain, led by Cardano. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare reed against the wider market on the live protocol rankings, or explore current yields across DeFi.