Logo of CleaveCleave
Total Value Locked$99.21

TVL by Chain

Ethereum$99.21

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 ($9.5m)Panoptic V2 ($1.89m)Opyn Gamma ($1.09m)Ribbon Earn ($1.06m)SOFA.org ($857,541.48)Opyn Convexity ($581,682.69)Siren ($405,008.75)Pods Finance ($389,202.96)Cega V1 ($308,214.31)TYMIO ($255,452.31)

Frequently Asked Questions

What is Cleave's TVL?

Cleave currently has $99.21 in total value locked. TVL has increased 32.3% 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 #51 by TVL. The category holds $34.75m across 68 protocols, and Cleave accounts for <0.1% of that total. Other leading protocols include Hegic, Panoptic V2, Opyn Gamma, Ribbon Earn, SOFA.org, Opyn Convexity, Siren, Pods Finance, Cega V1, and TYMIO.