Ask about Convertibles

Logo of ConvertiblesConvertibles

Total Value Locked$56.81

TVL by Chain

Ethereum$56.81

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

Website
Category:Options

Methodology

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

Competitors

Hegic ($9.89m)Panoptic V2 ($2.15m)SOFA.org ($1.45m)Opyn Gamma ($1.16m)Ribbon Earn ($1.14m)Opyn Convexity ($628,670)Siren ($551,861)Pods Finance ($389,860)Cega V1 ($308,219)TYMIO ($257,806)

Frequently Asked Questions

What is Convertibles' TVL?

Convertibles currently has $56.81 in total value locked. TVL has increased 11.4% 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 #55 by TVL. The category holds $31.68m across 70 protocols, and Convertibles 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.