Interest Rate Derivatives · Review
Splice Finance Review 2026: Pendle-Style Yield on Mode and Blast
Splice Finance is a small yield-trading protocol on Mode and Blast that lets users choose a fixed APR or boosted points. Its TVL has collapsed to roughly $23,000, so treat it as a high-risk, low-liquidity project.
By the DappsAtlas editorial team · Updated
DappsAtlas score
3.8/10
Weak
Our verdict on Splice Finance
3.8/10Splice Finance is a small Pendle-style yield protocol on Mode and Blast that offers a fixed APR or boosted points. The idea is understandable and suits users who already know yield trading and want to experiment with small amounts. The main caveat is risk: TVL has fallen about 95% to roughly $23,000, no audits are listed, and fees and team details are not published. Anyone considering it should confirm the app is still maintained and treat deposits as high-risk.
Score breakdown
How Splice Finance scores
- Security
- 3.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 5.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Splice Finance?
Splice Finance is a DeFi yield protocol listed on Mode and Blast since May 2024. Its tagline is "Fixed APR or Boosted Points; you choose." One commentator from mid-2024 described it as a Pendle fork built on Mode, and a search snippet calls it a customizable vault management system.
The project's X account mentions a collaboration with Renzo and Optimism, with liquidity provided on Mode. At launch, one daily news roundup listed it as a Yield protocol on Mode with about $390,000 in TVL.
That has since fallen sharply. Current TVL is roughly $21,000 to $23,000, down about 95% over recent weeks. The project has no native token listed and no audits listed.
How Splice Finance works
Splice Finance is described as a Pendle-style yield protocol. In that model, a yield-bearing asset is deposited and its value is split into a principal part and a yield part. The two parts can be traded separately.
The project's tagline says users can choose a fixed APR or boosted points. A fixed rate is obtained by selling the future yield, which gives a known return at maturity. Boosted points means holding yield exposure that also earns incentive points from related programs.
The project's own documentation was not available, so mechanics such as pool design, maturities and supported assets are not confirmed here.
5 features
Key features
01
Fixed APR or points
Users choose between locking in a fixed APR or taking a boosted points exposure, according to the project's tagline.
02
Pendle-style yield trading
One commentator calls it a Pendle fork, which suggests yield is split into separate tradable components. The project's own documentation is not available to confirm the details.
03
Mode and Blast deployment
The protocol is listed on Mode and Blast, two Ethereum layer-2 networks known for points and incentive programs.
04
Renzo and Optimism tie-in
A post from the project's X account mentions joining forces with Renzo and Optimism, with liquidity provided on Mode.
05
Customizable vaults
A search snippet describes the protocol as offering a customizable vault management system, though the extent of this is not detailed.
Pros and cons
What we like
- Clear pitch: a choice between a fixed return and a points-boosted position.
- Follows the Pendle model for yield trading, a concept that is already known in DeFi.
- Live on Mode and Blast, where incentive programs have attracted yield users.
- Announced a tie-in with Renzo and Optimism, according to its X account.
- No token means no extra token-price exposure.
Watch out for
- TVL is only about $21,000 to $23,000 and fell roughly 95% recently, which points to very thin liquidity and little user activity.
- No audits are listed for the protocol, so smart-contract risk is unquantified.
- Described by one commentator as a fork of Pendle, so it relies on a model others built, with no clear published edge.
- Fees, team details and documentation are not published in the sources reviewed, which makes cost and accountability hard to judge.
- Deployed on Mode and Blast, smaller chains with less liquidity and fewer exit routes than major networks.
- Points-based boosts depend on third-party programs that can change or end.
Splice Finance fees
Splice Finance does not publish a fee schedule in the sources reviewed. Fees for swaps, yield trading, vault management or withdrawals are therefore unknown.
Users would see any protocol fees in the app's interface before confirming a transaction. Network gas costs on Mode or Blast apply on top.
Is Splice Finance safe?
No audits are listed for Splice Finance, and the team is not named in the sources reviewed. Smart-contract risk is therefore unquantified, and since the protocol is described as a fork, any inherited code issues would also apply.
TVL of around $21,000 to $23,000 means few users and shallow liquidity. Withdrawal conditions and pricing could be poor, and a project this small may stop being maintained. The sources do not report any hacks or shutdown, and no regulatory status is stated.
6 steps
How to get started with Splice Finance
- 1
Find the official Splice Finance links through its verified X account, @splice_fi, rather than search ads.
- 2
Check the project's current status, since TVL has fallen sharply and activity may be minimal.
- 3
Set up a self-custody wallet and bridge a small amount of ETH to Mode or Blast.
- 4
Review the available markets and compare the fixed APR against the points option.
- 5
Read the fee and withdrawal details shown in the interface, then start with a small test amount.
- 6
Keep track of maturity dates and exit options, and withdraw if liquidity looks too thin.
Who Splice Finance is for
Splice Finance suits experienced DeFi users who already understand yield tokenization and points programs, and who are comfortable testing a small, unaudited protocol with a small amount of money. It is a poor fit for anyone who wants deep liquidity, audited contracts or a well-documented team.
Splice Finance FAQs
What is Splice Finance?
Splice Finance is a DeFi yield protocol launched around May 2024. Its tagline offers a choice between a fixed APR and boosted points. One commentator describes it as a Pendle fork built on Mode.
Which blockchains does Splice Finance run on?
DefiLlama lists Mode and Blast. One block explorer page also describes it as a yield trading hub on Linea, but that comes from a single source, so confirm it on the project's own channels.
Is Splice Finance safe?
No audits are listed for it, and its TVL is very small. That does not prove it is unsafe, but there is little independent assurance. Only use funds you can afford to lose.
Does Splice Finance have a token?
No. DefiLlama lists no native token for the protocol, and the sources reviewed do not mention one.
What does Splice Finance cost to use?
The project does not publish fee details in the sources reviewed. Check the app's interface before depositing, and expect network gas costs on top.
Why is the TVL so low?
Its TVL dropped about 95% within a month and sits near $21,000 to $23,000. The sources do not explain the cause. Falling TVL on yield protocols often follows the end of incentive programs, but that is general background, not a stated reason here.
Compare
Splice Finance alternatives
Boros is a Pendle platform on Arbitrum for leveraged trading of perpetual funding rates, used to speculate on rate moves or hedge funding exposure.
Spectra V2 is a multi-chain DeFi protocol for fixing yield rates, trading future yield and depositing into curated MetaVaults.
RateX DEX is a leveraged yield exchange on Solana and BNB Chain for experienced DeFi traders, with its own RTX token.
Rho X is a crypto-native interest rates market for trading staking, lending and funding rates, with yield vaults, aimed at experienced DeFi users.
Voltz is a non-custodial AMM for trading fixed and variable interest-rate exposure, aimed at DeFi users seeking rate derivatives.
Hyperdrive is an automated market maker for fixed-rate and variable-yield trading across Ethereum, Linea, Gnosis, and Base.
Same category
More Interest Rate Derivatives dApps
Pendle is a DeFi yield-trading protocol that splits yield-bearing assets into principal and yield tokens for fixed-rate or speculative yield strategies.
Exponent is a Solana protocol for fixed rates, interest-rate derivatives and yield strategies, for DeFi users and builders.
Rho Protocol is an on-chain interest rate and perpetuals trading venue on Arbitrum, with vaults and off-exchange collateral aimed at institutions.
IPOR Derivatives is an on-chain interest rate swap protocol with a rate index and Fusion vaults, aimed at DeFi users hedging or earning on rates.
Spectra V1 (formerly APWine) splits yield-bearing assets into fixed-rate principal tokens and variable yield tokens on Ethereum and Polygon.
Tranche Finance describes splitting DeFi yield assets into fixed-rate and variable-rate positions for users managing yield exposure.
Same chain
More on Mode
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Sablier Lockup is an audited onchain protocol for token vesting, payroll, grants and airdrops, aimed at DAOs and businesses across many chains.
vfat.io is a non-custodial, multi-chain yield aggregator and portfolio manager built on the Sickle smart contract wallet, for active DeFi farmers.
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Hyperlane is a permissionless interoperability protocol and bridge for sending tokens and data across 150+ chains, aimed at builders and bridge users.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.