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Kaspa DeFi,
in plain daylight

Know what your capital stands on with dawns.money

Live health for every protocol in Kaspa DeFi. Every number traces back to a contract and a block.

Explore protocols
◆$K
Kaskad100.1% asset coverage
$1.75M in Kaspa DeFiread on-chain, every block
$1.75M in Kaspa DeFiIgra block #17,938,920

How healthy is Kaspa DeFi
today?

The two largest protocols hold 62% of the value dawns tracks. Here is how each one looks right now.

Value lockedNote$1.75MKAS -3.6% in 24h
Lending utilizationOK15%$621.5K withdrawable
Exits blockedHigh1USDC
Price oraclesOKLive5 markets priced
iKAS backingOK102.9%KAS locked ÷ iKAS
WarningsWatch5Kaskad USDC utilization is 100.6%
LendingLiquidity crunch

Kaskad

Hover a segment
WiKAS84%USDC · blocked11%cbBTC2.9%USDT1.3%WETH1.2%
Withdrawable$621.5K
Utilization15.3%
Health
View health
DEXHealthy

ZealousSwap

Hover a segment
IGRA/WiKAS39%WiKAS/ZEAL25%NACHO/WiKAS16%WKAS/NACHO4.3%Other pools16%
Liquidity$469.3K
24h volume$25.8K
Health
View health
BridgeFully backed

Igra bridge

Hover a segment
Backs iKAS97%Exits awaiting payout2.8%
Backing102.9%
KAS locked27.29M
Typical payout26 h
Check the bridge

Protocol health

Every Kaspa DeFi protocol on Igra and Kasplex. Rows marked On-chain are read by dawns directly.

ProtocolTVL24h7d30dUtilization / volSourceHealth
KaskadLending · Igra$621.5K↓ 5.8%↑ 64.3%15.3%On-chainLiquidity crunch
ZealousSwapDEX · Igra, Kasplex$469.3K↓ 12.2%↓ 6.6%$25.8K 24hOn-chainHealthy
Igra AttestationStaking · Igra$332.3K↓ 9.5%↓ 8.1%—On-chainHealthy
KrokoSwap V3DEX · Kasplex$207.3K↓ 1.2%↑ 14.2%$170.4K 24hOn-chainConcentrated
KaspaCom DexDEX · Kasplex, Igra$107.1K↓ 1.5%↑ 26.2%$761 24hOn-chainHealthy
KaspaCom LFGLaunchpad · Kasplex, Igra$9.9K↑ 0.9%↑ 19.3%—On-chainHealthy
Kaspa Finance V3DEX · Kasplex$558↓ 5.3%↑ 9.0%—DefiLlamaBelow monitoring floorAlerts off
KasDexDEX · Igra$381↑ 0.3%↑ 8.5%—On-chainBelow monitoring floorAlerts off
KrokoSwap V2DEX · Kasplex$8→ 0.0%↑ 33.3%—On-chainBelow monitoring floorAlerts off

The Kaspa DeFi economy
in numbers

On-chain reads at the latest block, with DefiLlama for history. Click any card to see the calculation.

Total value locked in Kaspa DeFi KAS -3.6% 24h
$1,748,248
Lending liquidityUtilization 15.3%
$621.5K
withdrawable now
DEX liquidity6 DEXs
$784.6K
ZealousSwap $469.3K · KrokoSwap V3 $207.3K
Stablecoin liquidityUSDC + USDT
$8.5K
0.5% of TVL

Where the value sits

by asset
$1.74Mall assets
KAS57.5%IGRA21.9%NACHO14.0%ZEAL2.0%BMT0.7%Other3.9%

Value locked by protocol

KaskadZealousSwapIgra AttestationOther

Daily history from DefiLlama, with mispriced days smoothed out.

What moved TVL

last day
Before$1.93M
Price−$154K
Net flows−$28K

Price effect is the change in value of tokens that stayed put. Net flows are tokens that arrived or left, valued at today's price. Both come from DefiLlama's daily token balances.

Signals right now

Get alerts

Kaskad USDC utilization is 100.6%. $80.5K is borrowed against $80.1K supplied, so $0 can be withdrawn right now. Borrow rate 81.0%.

NowKaskad →

Kaskad WiKAS market is frozen. No new supply or borrowing; existing positions can repay and withdraw. It holds $613.2K of supply.

NowKaskad →

Kaskad USDT utilization is 83.4%. Only $1.6K of $9.5K is withdrawable now.

NowKaskad →

ZealousSwap TVL fell 12.2% in 24h (DefiLlama daily history).

NowZealousSwap →

15 bridge exits (2,272,700 KAS) waiting more than 72 hours for payout. The iKAS was burned on Igra but dawns finds no matching Kaspa L1 payment from the Entry address yet.

NowIgra bridge →
Dawn report

Today in Kaspa DeFi

dawns check · Kaspa DeFi · 28 Sept

TVL $1.75M · KAS $0.0467 (-3.6% 24h)
Kaskad: $732.6K supplied, $111.7K borrowed, $621.5K withdrawable
DEX liquidity $784.6K
iKAS backing 102.9% (27,287,828 KAS locked on L1)

Worth a look:
· Kaskad USDC utilization is 100.6%
· Kaskad WiKAS market is frozen
· Kaskad USDT utilization is 83.4%

Read on-chain, every number traceable.
dawns.money

Written from the latest on-chain reads.

From daylight to capital

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1 · LIVEIntelligence

Protocol health, flows, the Igra bridge, and the source of every number.

2 · LIVEWatch & alerts

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3 · BETAOpportunities

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4 · BETAAllocation

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5Vaults

Managed, policy-bound strategies. Non-custodial.