Where TVL shows up on Stacks

• Stacking via native lockups or pool protocols like Stacking DAO

• Liquidity pools on ALEX, Velar, and Bitflow

• Lending pools on Zest Protocol

• sBTC Rewards Programs, where users earn sBTC yield by contributing to DeFi activity

As more protocols adopt incentives—such as paying users in sBTC or platform-native tokens—TVL becomes an important signal of adoption, capital efficiency, and user interest.

Why TVL matters

• Signals trust – Higher TVL can indicate stronger community confidence

• Informs opportunity – Shows where most liquidity or rewards are flowing

• Tracks DeFi growth – Useful for comparing platforms and gauging momentum

TVL is not a measure of profitability—it simply reflects how much value is currently in use. Depending on the protocol, this could be STX locked for yield, sBTC deposited in LPs, or stablecoins staked for interest.

Leather and TVL visibility

Leather supports TVL awareness where protocols make it available. When exploring strategies, users can see how much value is currently deployed—whether in a Stacking cycle or an sBTC-based vault—alongside APY and reward token data.