Ask about Cleave

Logo of CleaveCleave

Total Value Locked$109.53

TVL by Chain

Ethereum$109.53

Protocol Information

Cleave is an options protocol that splits one asset into a capped covered-call side for yield and an upside call side for leverage, with no margin calls or liquidations.

Category:Options

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Hegic ($9.9m)Panoptic V2 ($2.16m)SOFA.org ($1.45m)Opyn Gamma ($1.18m)Ribbon Earn ($1.14m)Opyn Convexity ($626,520)Siren ($557,986)Pods Finance ($389,942)Cega V1 ($308,206)TYMIO ($257,477)

Frequently Asked Questions

What is Cleave's TVL?

Cleave currently has $109.53 in total value locked. TVL has increased 12.9% over the past 30 days.

What chains does Cleave operate on?

Cleave operates on Ethereum. Ethereum holds the largest share at 100%.

How does Cleave's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Cleave ranks #52 by TVL. The category holds $31.69m across 70 protocols, and Cleave accounts for <0.1% of that total. Other leading protocols include Hegic, Panoptic V2, SOFA.org, Opyn Gamma, Ribbon Earn, Opyn Convexity, Siren, Pods Finance, Cega V1, and TYMIO.