Ask about Convertibles
Logo of ConvertiblesConvertibles
Total Value Locked$39.71

TVL by Chain

Ethereum$39.71

Protocol Information

Structured credit protocol issuing convertible tokens that redeem at $1 or convert into ETH at a fixed price, offering stablecoin downside protection with ETH upside

Category:Options

Website

Methodology

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

Competitors

Hegic ($9.03m)Panoptic V2 ($2.01m)Ribbon Earn ($836,642.9)Opyn Gamma ($835,797.71)SOFA.org ($729,142.51)GammaSwap Open Interest ($602,554.44)Opyn Convexity ($444,048.59)Pods Finance ($388,600.95)Siren ($316,978.47)Cega V1 ($308,219.14)

Frequently Asked Questions

What is Convertibles?

Structured credit protocol issuing convertible tokens that redeem at $1 or convert into ETH at a fixed price, offering stablecoin downside protection with ETH upside

What is Convertibles' TVL?

Convertibles currently has $39.71 in total value locked. TVL has increased 20.3% over the past 30 days.

What chains does Convertibles operate on?

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

How does Convertibles' TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Convertibles ranks #46 by TVL. The category holds $26.82m across 59 protocols, and Convertibles accounts for <0.1% of that total. Other leading protocols include Hegic, Deri, and Panoptic protocol.