Ask about Cleave
Logo of CleaveCleave
Total Value Locked$77.84

TVL by Chain

Ethereum$77.84

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 ($9.24m)Panoptic V2 ($2.03m)Opyn Gamma ($859,589.08)Ribbon Earn ($856,661.29)SOFA.org ($740,298.08)GammaSwap Open Interest ($619,262.39)Opyn Convexity ($455,388.97)Pods Finance ($388,688.82)Siren ($323,484.5)Cega V1 ($308,174.58)

Frequently Asked Questions

What is Cleave?

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.

What is Cleave's TVL?

Cleave currently has $77.84 in total value locked.

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 #44 by TVL. The category holds $27.42m across 59 protocols, and Cleave accounts for <0.1% of that total. Other leading protocols include Hegic, Deri, and Panoptic protocol.